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Reply to "What r ur plans when older/home related "
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[quote=Anonymous]Definitely not upgrading to a larger home. I get that some people do this to accommodate grandchildren and family gatherings, but we do not want to pour so much money into that, plus I know from watching other families that often what happens is the kids and grandkids don't necessarily want to visit grandma and grandpa in their huge house (usually far out because that's where the space is) all the time, and then there is a lot of resentment or coerced family time. No thank you. We only have one kid so we have a lot of flexibility. We have discussed just doing a 2-bedroom city condo, either in our current city or another one, which would keep us very active and close to people. An extra bedroom for when our kid comes to visit, with or without a partner. If the condo is large enough, maybe even room for a grandkid or two when that's an issue. If we go to a lower COL city than where we live now, this could also be a great way to stretch our retirement money as well, leaving more money for travel (which would also be easier if living in a city with a decent sized airport). We've also discussed simply waiting until our kid lands somewhere post college and then basing where we live on where they are at. Not necessarily moving to the same place (though maybe if that wouldn't feel to intrusive) but living somewhere that would make visiting back and forth fairly easy and also position us to help some with grandkids if that happens. We didn't have that kind of support from family when we had kids and always felt it would have been nice to at least have the option. I think you have to still respect independent and boundaries (we don't want to be those people who can't let their only child have their own life) but it's nice to be able to genuinely offer to help your adult kids during transition periods, especially into parenting.[/quote]
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