has has anyone decided to sell their house even though they own it free and clear to live in an assisted living facility
How much is assisted living? How much could you rent out the house? Do you have other savings? What is your estate planning? Do you plan to pass down anything or let the last check bounce?
I have not (yet), but makes sense if you’re fairly certain you’re not going to go back to the house. Also would make it easier for your kids when you’re gone.
Some may depend on the assisted living place. Some are better than others. Some are like little apartments and you can be pretty independent, but gradually get more assistance as you get older and your needs change.
I like that.
Have you checked to compare the cost of assisted living in your residence or opposed to selling the house and moving into an assisted living facility?