My plan for retirement is to spend our entire nest egg over the next several decades and then die promptly at 100. Well, almost the entire nest egg. We’ll still have our house.
It’s recently occurred to me that we won’t actually need our house anymore when we’re dead. Many people are fine with this approach because they would like to leave something to their kids when they are gone. Chances are though, by the time you die, your kids won’t really be kids anymore. They will probably have their own homes and children and retirement funds. In fact, they will probably be making plans to leave their kids something when they die. So kids or no kids, why die with all that equity tied up in a house?