DEAR SOMEONE ELSE’S MOM: I decided to retire at 62 based on how my husband, who is four years younger than me, would continue to work fulltime at his job for another 8-10 years. A couple years ago we invested in a condo for our future retirement home, which we currently have rented out to a young military family for another 18 months, which lines up with the husband’s time at his current posting, after which time we originally thought we would get the ball rolling on selling our home and moving into the condo.
Everything changed when my husband was forced to take early retirement at the end of last year because of health reasons.
We had sank most of our savings into the condo, thinking after we sold our house we would pay off both mortgages and live cheaper than we do now, plus have the condo as something to build equity with.
Part of the plan worked until we had to switch things up ahead of schedule. We sold our home and did pay nearly everything off, but we still did not rebuild our nest egg as much as we hoped to do. And we were only able to take advantage of last year’s seller’s market because of a generous offer by our son and daughter-in-law, who kindly offered to let us move in with them until we can get into the condo, since both my husband and I agree we are not going to force the young family out ahead of their time.
Staying with our son’s family and helping with their bills and our grandchildren has been a good way to both start rebuilding our savings and repaying their kindness.
On paper the arrangement looks really good, and for the first few weeks it was. It was like a nice, long visit, with everyone getting along.
It isn’t that we don’t get along now, but there are most certainly some areas where there is a little tension that naturally comes from having four adults and two children under the age of 5 living together. My husband, who nearly never loses his temper, for instance, snapped at our son, who snapped back, last week over who used the last of a cereal they both like. Then, I overheard one of our daughter-in-law’s sisters asking how anyone could live with their in-laws around all the time, to which my daughter-in-law made a comment about how it can be trying sometimes, which I can’t disagree with!
My husband and I are rethinking this arrangement, and wonder if it might be better to find someplace else to live while we wait for the condo to be available. When we started looking at rents, though, we were shocked to see that cramped one-bedrooms are now going for roughly what our tenants are paying for a spacious three-bedroom condo. Paying such a high rent would mean less savings going into our bank account, and the thought of that makes me nervous, especially with the changes with my husband’s health.
We are beginning to feel stuck, but do you think it’s better for us to go or stay? --- LIVING IN LIMBO
DEAR LIVING IN LIMBO: Before making up your minds to leave, it may be well worth everyone’s while to try and establish some basic ground rules for co-habitation, including open, honest, and frequent communications between all parties.
It might help overall if you stop thinking of this as an extended visit, but rather a roommate arrangement, with lines drawn for mutual privacy and clearly established house rights and responsibilities.
If after giving these things a try you find there’s still a growing sense of universal frustration, then in order to keep what sounds like an otherwise healthy family relationship intact, finding your own place for the duration would seem to be for the best.