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]My parents kept their house bc we all go there at Christmas.  It’s great, but honestly a bit silly - we could all meet up literally anywhere, so it doesn’t make sense to keep a house for 52 weeks because it comes in handy for 1.[/quote]

I have already told my kids this. I am 47 and they are 10 and 13. I told them I am not maintaining a large house in my late 50s or beyond in case they come home for Christmas. I will be getting a townhouse. If it is not big enough, we can rent a large house for a week for Christmas and in the summer. [/quote]

Perfect plan!  In your late 50s/60s, who wants to maintain a larger home for the 2-3 weeks per year it might get used.  
For us, one kid is fully launched, lives 2K miles from us.  The other has a 1.5 years left in college, might end up near us (50/50) or on the other coast.  Either way, won't need to live at home.  It's cheaper to help with apartment rent (if needed near us) than maintain a 5 bedroom home for 2 of us and possibly the youngest kid.

Downsizing is freeing, you learn to get rid of crap, not buy as much crap either.  Life is more about experiences, not "things"
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