GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
But for many boomers, the reality is a bit more complicated.
And hes not wrong.
She broke down crying over old holiday decorations and my dads workbench, Lokenauth explained.
He noted that the thought of parting with belongings that hold so much meaning can be straight-up paralyzing.
Its not just about packing boxes its about packing up a lifetime.
Letting go of that isnt just difficult it can feel impossible for folks.
Lack of Suitable Housing Options
Another huge issue Lokenauth noticed is the lack of suitable housing options.
And when a place does check all the boxes?
High Property Taxes and Insurance Costs
Property taxesand insurance costs throw another wrench in the works.
Ive seen cases where downsizing to a newer, smaller place actually increased these expenses, Lokenauth said.
Home insurance can be just as tricky.
He said getting a clear financial picture helps avoid nasty surprises.
This gradual approach, he explained, is way less overwhelming than trying to do it all at once.
And scheduling regular donation pickups creates deadlines that keep the momentum going.
He said this helps identify what space they truly need versus want.
And many of these slightly removed locations are developing the walkable amenities boomers want.
Remember, theres no perfect solution that works for everyone.
The key is starting the planning process early enough to have options.
More From GOBankingRates
Share This Article:
