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[ Mon, Apr 28th 2025 ]: WOPRAI
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As of Apr 28th, 2025, there has been substantial selling of in recent trading
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My Great Retirement Dream: Sell My House, Downsize, Live off the Proceeds and Dabble in Stocks. Can I Do It?

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For me, retirement is at least fifteen years away, but that doesn't mean I can't fantasize about the future. My great retirement dream? Sell my house once my two kids are off to college, downsize, and use some of the proceeds to dabble in the stock market.
The article discusses a retiree's dream of selling their house, downsizing, and living off the proceeds while dabbling in stocks. The retiree, aged 65, has a $500,000 home and wants to know if this plan is feasible. Financial experts suggest that while downsizing can provide a significant cash influx, it's crucial to consider ongoing living expenses, potential healthcare costs, and the volatility of the stock market. They recommend a diversified investment strategy, possibly including annuities for steady income, and stress the importance of a detailed financial plan to ensure the retiree's funds last throughout retirement. The article concludes that with careful planning and realistic expectations, the retiree's dream could be achievable, but it requires a thorough assessment of all financial aspects.

Read the Full Kiplinger Article at:
[ https://www.msn.com/en-us/money/retirement/my-great-retirement-dream-sell-my-house-downsize-live-off-the-proceeds-and-dabble-in-stocks-can-i-do-it/ar-AA1DDnoj ]