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=Anonymous]I'm in the thick of the rat race at the moment: high stress / high paying job, expensive house, expensive kids, etc.

One day the kids will hopefully successfully fly from the nest and around that time, I'll be thinking about retirement.

The kid-related expenses would go away, as would, maybe the need for the big house?

I'm looking for tales of downsizing and simplifying the lifestyle in retirement.  What has it looked like for you?[/quote]

I have one kid in college and one in high school so this is becoming a reality. Also the reality is we have such a low interest rate in our home that it does not make sense to move. Also our college kid has expressed multiple times that he wants to find a job in nova and the most economical way for him to start his adult career is living back at home until he gets his feet under him. It’s just so crazy expensive for young people to get ahead that giving them the gift of a free roof over their heads until they are ready to fully handle the sky high housing prices is something we want to do for  them.

Personally our house is the perfect size for a family of 4 (2400 sq feet) that if i were in your shoes i’d be downsizing locally with enough space so my kids still have a home as long as needed. But i can’t imagine living in a bigger house than I'm in now. We are in Ashburn and see so many people with these humongous homes it just seems so pointless. Do they like heating and cooling and paying taxes these gigantic caverns? in many cases over 1000sq feet go unused. seems dumb even when your kids are little. [/quote]

Sounds like you are in the perfect sized home.  I wouldn't sell even if a kid wasn't coming back.

Obviously you don't need bigger even when kids were smaller but it was nice and not a burden to us.  We've had a 3300sq ft plus 1500 sq ft finished basement for much of kids life, then a 4400 sq ft place .  It was nice for each kid to have their own bathroom and to have a 2nd family room for the teens to hang out

But as soon as last kid went to college we were out of there and I to a 2bed/2 bath place.  We rent a place if needed when they come to visit [/quote]

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