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With age comes increased frugality.
As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties.
For years, the average American retiree has charted a predictable course through retirement, choosing smaller, more manageable homes, condos or retirement communities built for people aged 55-plus. Why pay for taxes and upkeep on a home that no longer fits you?
Things have changed in the last few years, however, and a new trend has emerged.
Rather than downsizing or right-sizing, retirees are starting to upsize. They are moving to bigger…