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Reply to "Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?"
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[quote=Anonymous][quote=Anonymous][quote]you may want room for adult kids and their partners plus future grandkids.[/quote] Imo, make sure you're not the one living the bigger lifestyle. Gift money forward, sooner rather than later I it's not a worry, to help your adult children. So they have the house to host, and a bigger house to raise a family. 60+ here and this is what we want to do. Certainly don't want to move-up our own housing cost which some retirees do. Again, imo.[/quote] Gifting forward is great idea. It's what we do. It can be life changing for a kid in their 20s/30s, versus waiting until I'm 80+ and they are 50+ to get their inheritance. So if you have plenty (we do), that is what we have started doing. We will happily travel to our kids once they get a house/SO/Grandkids (we already visit, but for holidays we will be happy to go to them later), and we are happy to help with the downpayment for a nicer home for them...when it benefits them the most. [/quote]
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