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3: Analyze Your Circumstances

Housing Needs in Retirement

Nest eggsAs the Baby Boomer generation ages, the average age of Americans is rising as well, and that means more people transitioning out of their family homes and into more manageable living situations for their later years. 

Be realistic and get a clear picture of your finances before rushing to move. You might consider:


If you no longer need a large home, you could downsize your accommodations. That may mean moving to a smaller traditional home or renting, which could mean less overall maintenance and cost.

Retirement Community 

If you want little or no maintenance responsibilities, you could move to a retirement community or a condominium. The downsides to shared-living arrangements such as these are homeowners association fees, which typically increase over time to keep pace with inflation and generally are not tax-deductible.

 Housing is just one aspect of your retirement plan. Visit for more on how to pay yourself in retirement.

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