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

 
BY ELLEN JAMES MARTIN | Modified: June 15, 2012 at 12:00 am | Published: June 16, 2012   

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?

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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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