Empty nest, big decisions
Pre-retirement years are a good time for empty nesters to take stock of their housing needs and overall financial situation
As your kids grow up and move on to their adult lives, you realize you’ll soon have a much larger house than you and your spouse need.
Do you sell the property and walk away from what you consider an idyllic suburban setting — letting go of neighborhood friends and happy memories? And if you sell, what sort of place do you buy and how much do you spend?
These questions are extremely difficult for parents who’ve spent years absorbed in raising their offspring with very little thought to their own future housing plans, said Eric Tyson, author...
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