Image source: Getty Images If done right, downsizing can be a great solution for achieving a wealthier and less stressful retirement. But that doesn’t mean it works for everyone. Let’s break down the pros and cons of downsizing in retirement. What is downsizing?
Downsizing in retirement is when you sell the home you live in and move to a smaller one. Or it could mean buying a similar-sized home in a cheaper area.
The idea is that the price difference between the two homes releases some money that can help towards your retirement.A recent study by Hargreaves Lansdown found that […]
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