The Decisions People In Retirement Will Have To Make About Housing

A very important aspect of estate planning for retirement involves planning for housing needs. Besides providing comfort and shelter, homes are also a major source of wealth for retirees. There are many expenses involved with maintaining a home that can add up to a major portion of the household budget. This article discusses the many important considerations that senior citizens will have to weigh when deciding whether to stay in their house or move. People will need to evaluate their own individual circumstances and chart out the goals that they are looking to accomplish. It is a good idea to meet with an experienced estate planner to discuss the issues that are mentioned in this article. Staying ahead of retirement planning will make things easier further down the road.

See Wade Pfau, Should I Stay or Should I Go? Housing Decisions In Retirement, Forbes, February 2, 2016.