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Reply to "Downsizing when you age or empty nesters?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think this is more of a finance question than a real estate or midlife one, so posting here. What are you doing with your real estate options when you get to say 55, or when you are empty nesters? Are you downsizing? Moving to a TH? Aging in place? Keeping a larger home for family gatherings, grandkids? What’s your plan?[/quote] Is this post from 1975? Empty Nestor at 55 ready to retire? That was back when my Uncles were cops and Firemen married HS sweethearts young and by 55 a full pension and kids long gone. Kids just went an inexpensive local college. Today men and women are having kids much later. Their kids are having kids much later and college costs are insane. When I was 55 I had a 16, 14 and 10 year old at home. Hence the issue downsizing no longer works My youngest graduates college when I am 67 and then wants to move home for grad school. Then until they are married with kids I am still hosting holidays. I thought I was an old parent but tons and tons parents my age at school. My friend is 61 with a 13, 11 and 6 year old at home. Had last kid he was 55, wife 45. 55 year olds are still having kids and 25-30 years from retirement. [/quote] Well I had first kid at 30 and at 52 last kid started college, at 56 that kid will be done with college and onto grad school or gainfully employed. Your choice to wait until you were 37 and into 40s to continue having kids. All part of life plans---if you keep having kids until you are 45, you won't be retiring until you are 65+. [/quote]
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