pooh2001
DIS Veteran
- Joined
- Feb 16, 2000
- Messages
- 8,657
We are considering selling our home and moving to an apartment.
We have a 1700 sq foot home with 1 acre of land.
Mowing the grass, upkeep of the home, and taxes are eating out of our income.
We are in our early 60's.
A rental apartment within 10 miles of our home is less expensive than for us to own a home.
Plus per the Social Security government website - just for one of us the rent would be half of our monthly SS payment.
If we both live into our 80's, we would have more money in our pockets, if we rented.
Not sure if you can still work at a job and get SS payments.
Where I currently work they do not retire you at age 65.
Thanks for your advice.
Should we stay in out home (still have a mortgage) or rent an apartment ?
We have a 1700 sq foot home with 1 acre of land.
Mowing the grass, upkeep of the home, and taxes are eating out of our income.
We are in our early 60's.
A rental apartment within 10 miles of our home is less expensive than for us to own a home.
Plus per the Social Security government website - just for one of us the rent would be half of our monthly SS payment.
If we both live into our 80's, we would have more money in our pockets, if we rented.
Not sure if you can still work at a job and get SS payments.
Where I currently work they do not retire you at age 65.
Thanks for your advice.
Should we stay in out home (still have a mortgage) or rent an apartment ?