Not understanding the longer term impact of downsizing can result in over $400,000 in wealth loss over 10 years according to the analysis performed by Primetime.
Pro active longer term planning over accommodation choices are vital for many people and understanding all the in and outs can be the difference in affording quality health care later in life and having enough funds to comfortably support a couple through their lifetime.
Lifestyle villages can offer security,social stimulation and great facilities which in turn has long term benefits to mental and physical health but the financial costs can be high as well and the devil is in the detail.
See the following case study showing downsizing can cost you big time .