Chapter 8
Making Important Housing Decisions
IN THIS CHAPTER
Seeing the importance of housing decisions in retirement
Examining the options of staying put or moving in your golden years
Knowing what to do if your home drops in value
Checking out reverse mortgages
Understanding tax issues that may affect you
Your housing needs change during your life, but they can really change in your retirement years. Life changes — such as ceasing work, kids growing up and moving out, divorce, death of a spouse, and so on — can have a dramatic impact on your housing wants and requirements and ability to afford housing.
In particular, you face significant housing choices during your golden years. Most retirees grapple with moving, possibly downsizing, and moving into retirement communities that may offer health care. This chapter addresses the decisions you have to make and how the choices you make can potentially affect your finances. Additionally, we cover the key tax issues you need to understand ...
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