Should you downsize your home in retirement? [Episode 10]

So, you’ve retired—congrats! You’ve got time on your hands and way too much space. Let’s talk downsizing!

Downsizing can be a liberating experience—especially when you no longer have to worry about cleaning and maintaining a big house. Plus, downsizing can help you flush out the old and start fresh! But beyond the day to day perks of downsizing, there are some great advantages of downsizing that can help you financially, as well.

Jim lays out all of the financial benefits of downsizing that are definitely things to consider. Jim details why these pros to downsizing are so beneficial and how they can be advantageous for your post-retirement finances. However, Jim also keeps it real by describing the cons—both emotional and fiscal—that should be considered when contemplating if downsizing is right for you.

Downsizing can be a big step, both emotionally and financially. Just like any big decision, it’s a good idea to weight the pros and cons and be mindful of your decision. Ultimately, it is YOUR choice, so learn about it before you make your big decision!

Looking at UPsizing, not downsizing? Whether you’re looking at buying a second home, a bigger home, or a home far far away, Jim offers some valuable advice to follow before you buy!

Relevant Links:

The Retirement Planning Guy

Martin Wealth Solutions