More and more baby boomers retiring – and downsizing

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Baby boomers are the largest generation in history – and now they’re retiring.

For some, that means moving to a smaller home, clearing out some clutter, and saving some cash in the process. It’s a big job, and one that can be emotional at times.

ABC7 talked with some downsizing experts to learn tips for parents like Jen Garrett, whose youngest son just left for college.

Now that all three of her children are out of the house, Garrett said she’s leaving too.

“It’s going to be hard in a lot of ways,” she said. “I’m ready though.”

Garrett said she’s downsizing from a five-bedroom house with a full basement and a huge barn she works out of, to a three-bedroom home on a much smaller property in South Carolina.

“Definitely, my expenses are going to go way down,” she said.

Downsizing experts like Jacquie Denny of the online auction site Everything But the House say if you’re going to downsize, the earlier the better. You can take any money you make to add to retirement funds, and the older you get, the more difficult it is to move.

Read more here from WJLA!

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