Selling vs. keeping your current home
As you head into retirement, consider whether your current home will serve your needs. Does it have too much or not enough room? Does it require more maintenance than desired? Is it located in an area that complements your desired lifestyle (e.g., proximity to family, amenities, etc.)? Are you making mortgage or rent payments that may break your retirement budget?
If your current home doesn't fit where you are headed, consider whether a smaller home, a condominium or even an active adult retirement community might be a better match. If you own your home, factor into your considerations the length of time it will take to sell your home, how much you want to spend on another home and whether you want to save any profits from the sale to help fund your retirement.
