25 Things Every Retiree Should Urgently Get Rid of

YOUR HOME

Downsizing from a $250,000 house to one that costs $150,000 could increase yearly income by $3,000 and reduce annual expenses by $3,250, saving $6,250 a year, Boston College’s Center for Retirement Research found. That includes $3,250 a year just from reducing property tax burden and the costs of insurance, maintenance, and utilities.