Tuesday, May 17, 2011

Retiring? Buy a Home with Your Friends!

When I was younger one of my bestest friends, and her family, came to live with mine. We loved it! The reason wasn't a good one, but it was so much fun. She would call me and ask what I wanted for dinner. Our husbands watched sports together, we took the kids to the park together.

And, we always joked that at some point in our lives we'd buy a 'Dallas' (the old TV show) type house and they would live in the East Wing, we the West. Or vice-versa...can't remember ;o).

Reading articles this morning. Found one about retirement. And, knowing how stretched people are these days it was very on target. When people are scrimping just to get by it's hard to keep putting money in for retirement.

So one of the solutions was for two couples to combine living expenses, live together. Whether one of them owned a home or not. They would share the cost of maintaining one residence. Maybe rent out the other.

In my decade career, I've sold one home to a combining family such as that. And, it truly works for them. And they aren't even retirement age yet!

So, read the article below....and stop fretting about having enough money for retirement. Start planning on who ya gonna live with when your 70!



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