To downsize or not: What to do with your family home after retirement

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Closing the door on your family home can be hard, but downsizing your property might be the answer to your financial needs in retirement. Source: Getty.

Downsizing sounds like a smart retirement move but if you do plan to escape to paradise and settle down beachside or up in the mountains, think carefully how you’ll deal with potential life changes such as having to make new friends and find a new, reliable GP.

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