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[quote=Anonymous][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]

BTW my MIL who got married very young at 19 and was a grandmother at 40 still lives in the same home she owns since 1965. She still hosts Xmas for 40 people. I’m fact she is hosting an engagement party a grandchild this spring. She also has great grandchildren, if anything  marrying young, having kids young made it harder to downsize.

And it is not about having kids young it is how many? I had my last kid at 45 when my wife 42 and the choice came down to killing my unborn child or retiring sooner. Either decision in a way was selfish being older parents or just choosing to not have a kid solely cause I want to retire younger.

But mathematically people are wanting to be doctors, lawyers, get MBAs or Masters on DCUM, then work in career then get married and have career settled are having kids 33-45 women and 36-49 men. Add in the huge expense and time to do undergrad and grad you only really start work at 25. Retiring at 55 is crazy. Plus if you aspire your own kids to go on to next level you have to keep working.

Finally people are buying their trade up homes much later in life. My block the average buyer is 45-55. Downsizing at 55 is hard when you only bought house at 52.

And the added wrinkle is upsizing in retirement. My brothers his in laws retired young at 55 and bought a larger 3,000 sf house in Florida. Recently they downsized at 85 to a two bedroom condo on one level. [/quote]

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