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Friday, September 10, 2021

The Daily Money: Should you downsize your home when you retire?

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, September 10

Happy Friday, readers! It's Brett Molina here with your morning review of the big stories in Money and Tech.

🦆 Who knew ducks had potty mouths!? New research found that ducks can learn how to swear. What the duck, indeed.

OK, enough dad jokes. On to our:

💡INSIGHT OF THE DAY. Retirement means big change. You are likely not working any longer, and you might not need that larger house. Before you decide whether downsizing your home is right for you, there are several questions you should consider, including whether you can afford to stay in your current home amid your lifestyle change.

Here are some more stories worth reading:

1. Ever hear of "fresh-start framing?" The philosophy could help you contribute more to your retirement plan.

2. Before you start those home renovations. Figure out how you're going to finance them. And whatever you do, don't even think about using your credit card.

3. The Lannisters would be proud. Check out this $2.3 million home in Michigan that looks like it's straight off the set of Game of Thrones. Sorry, no dragons included.

4. Facebook made smart glasses. And we got the chance to try them out.

5. Grimace watch. So is McDonald's beloved purple mascot really a taste bud? The fast food giant has formally weighed in on the debate.

Guess what, sports fans? The NFL is back! Enjoy your weekend.

Brett Molina, Consumer tech reporter

If you currently have a lot of equity in your home, you may want to cash it out by selling. If you can do that and purchase a cheaper property, you might be able to go without a mortgage by using the proceeds from your home sale to pay cash for the house.
Should you downsize your home when you retire?
When it comes to downsizing, there are significant pros and cons. It may not be the right choice for you. Don't make a choice you'll regret later.
Why upping retirement contributions on career, life milestones is wise
4 cases where you shouldn't max out your 401(k)
Gold letters reading 401k on wooden planks.
What's the best way to finance home renovations?
Sandpaper sheets come in handy for any home renova
Shower benches sold at Costco recalled for fall hazard
Recall notice
US jobless claims reach a pandemic low as economy recovers
The COVID-19 pandemic ushered in an unemployment c
This Michigan house for sale looks straight out of 'Game of Thrones'
This Rochester house stands 60 feet tall and is bu
What is Grimace? McDonald's breaks silence on mascot
From left, Grimace and Cedric the Entertainer talk
Amazon to pay college tuition, books for U.S. employees
An Amazon employee working in a fulfillment center
Airlines say rise in COVID-19 cases is hurting ticket sales
A sign from American Airlines at Dallas/Fort Worth
 
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