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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]Why wouldn't it feel right to have a fancier house at age 55/60 than your kids who are 20-30?[/quote] We are 65 - 70. They are 35 - 40. We shouldn't be living in the bigger house in the nicer suburb, in the best school district, and the short commute. This is what they need. We should switch places. All the things we have, we don't need and they do. [/quote] So gift them the house if you really want. But you are also free to sell it, move to smaller place (not in the best suburb with best schools). We did that. We loved where we lived, but wanted to live in a city finally (cannot do that without private schools when kids are K-12), so downsized to a condo and never looked back. By 35-40, they should be well on the path to achieving that if they want. And part of way to get there is at 25, not living in a fancy suburb in best house with best schools (unless they have a kid K+) [/quote]
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