When and How to Downsize
Posted on Jan 22, 2020
Posted by Larry Dean
The reason to downsize varies, but usually it’s due to:
· Loss of a partner, or death in the family
· Health forces a move to independent or nursing home living
· Move to a new location
In many cases, it is difficult to find the right home for valued items. You discover your children or grandchildren are not interested in taking your collections of cookie jars, silver plated serving pieces, china sets, crystal, china hutches or even paintings or other artwork you no longer need. They have value; however, they don't captivate the next family generation's attention like they did for you. Or, simply face the fact, your family members may already have all the furniture and decor they can handle in what is often a smaller home than yours.
And, you are competing with others also wanting to downsize. With roughly 10,000 Baby Boomers turning 65 EVERY day, and about 10,000 more crossing that threshold every day for the next 20 or so years, a very large segment of our population has already started downsizing. The children are out of the nest, and those personal possessions once thought of as being indispensable are now no longer a necessity.
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