Money Lesson Single

Downsize at 55, or at 75?

Almost everyone intends to downsize eventually, and eventually is doing a lot of work in that sentence. The same woman making the same move twenty years apart shows what the waiting is worth, and who it is worth it to.

Employment Property ISA Investments Savings Account Expenses

Move at fifty-five

2 Goals

Sell the family home now, buy the smaller house a month later, and put what is left to work.

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Employment Property ISA Investments Savings Account Expenses

Move at seventy-five

2 Goals

Stay put for another twenty years, then make exactly the same move at seventy-five.

Try this plan

Move at fifty-five Move at seventy-five

Making the same move twenty years earlier leaves Marion ~£419.8k better off, because the equity has that long to work and the Stamp Duty has that long to get worse.