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Staying Put in Retirement
The majority of Americans prefer to not move in retirement. 83% of those nearing retirement or already in retirement say that they will stay in their current home for as long as possible, they have no desire to sell, move, or rent. The problem is many will not be able to afford to do this. Downsizing in retirement is a necessary move for many people in order to sustain themselves. This could come at a huge disappointment as many want to leave their house to their children as a legacy asset. For more information visit this article by Jamie Hopkins with Forbes.