Move Into a Tiny Home
Joining the tiny home movement can save you even more and help provide a sense of community once you’ve stopped working and your children have moved out. These types of homes range from 100 to 400 square feet, are inexpensive to build and easy to maintain. Some are even mobile, which makes this one of the best retirement ideas for those who dream of traveling during retirement.
Apparently, this trend is already catching on with many retirees. Roughly two of every five tiny house owners are over 50, according to the AARP. Ken and Sandy Lewis, for instance, built their tiny home four years ago, just before Ken retired from a career in real estate. “We pay about $12 a month in utilities and have a tiny maintenance budget,” said Sandy. “Plus, we can deep clean the house in under an hour. We feel so much freedom having less stuff — we finally have time to pursue creative projects and passions.”