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Reply to "What is your "magic number" for retirement?"
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[quote=Anonymous][quote=Anonymous]I own my own home, but it is on an upper floor with no elevator. Seems like that is a bad longterm prospect. Since my son is still in the phase of his life where he is likely to move around, should I rent somewhere more senior friendly (with the option of buying near him when he settles down)? [/quote] I am no expert here, but I might wait before selling. The minute you start renting you are throwing that money away. But, you should do a cost comparison. How much does it cost you to live in your home? What does real estate look like in your area? How well will your property hold it's value? Then run the numbers on what it would cost to rent? If your home value will probably to up, I wouldn't sell until you had to, or had a better idea where your DS is going to end up. But also in this day and age, people move more.[/quote]
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