Retiring Soon? 4 Crucial Money Moves Every Homeowner Should Make Before Retirement

If you’re a homeowner and the start of your retirement is clearly in sight, there are a few essentials you’ll want to get in order before your next chapter begins. The biggest of which is managing your money. For most homeowners, your property isn't just where you live—it’s also likely your largest single financial asset and your most consistent recurring expense. Transitioning from a steady paycheck to living off savings changes the dynamic of keeping up a home.Smart savers and planners likely have their finances in order for when they’re no longer working. (However, there are as many equally money-savvy people forced to keep working through their retirement years given the current cost of living.)But there’s a recommended timeline when it comes to preparing your finances for retirement, and some steps are specific to homeowners. 1 year from retirement: Decide when you’ll claim Social Security If you’re heading into retirement, you’ve likely paid close attention to the headlines on Social Security. The impending funding shortfall means that, if no action is taken, seniors will collect far less from the government than they once did. So collecting sooner rather than later might be ...