Reply to Whats the oldest you would purchase a new home?

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[quote=Anonymous]I don't think it's ever too late to move in order to downsize or guarantee quality of life (like by entering assisted living or moving to a home that makes more sense for the way you are aging, in terms of layout, size, community, or even weather).

But that's different than asking, as you do in the thread title, what's the oldest you would purchase a new home? That's a different question and I really would not want to be purchasing a new home for myself in my 70s. On the other hand, there are logistical reasons why we will likely be forced to wait to buy our retirement home, including obviously when we retire (we are planning for 62 but it's going well so we could theoretically be ready earlier than that). Also, we have a DC who will be in college when we are in our late 50s and while we feel good about the money we have set aside for that, we do intend to pay for at least some of it out of ordinary income, and I could see that postponing our move a few years because I'd just feel more comfortable seeing her through to graduation before we shift our finances fully into retirement mode.[/quote]

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