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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]We are in our late 50s. We plan to downsize in the DMV area. Our home is over 7000sqft worth over $2m paid off so we should be able to get a smaller place (one level living) and put some $$ in pocket, reduce ongoing expenses such as RE taxes, utilities, maintenance etc. Finances aside, it will be liberating. We take care of our elderly parents now (both living in large homes) and wish they had proactively downsized when the were in better health. Neither wants to downsize now and this has made life much more stressful. Yes…we are struggling to maintain both sets of parents homes. Very selfish…we don’t want to do the same to our kids. One must think of others. [/quote]
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