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Retired Couple

A Guide to Downsizing for Retirement

There are a lot of things that you will need to consider as you plan your retirement. It can be overwhelming to consider the list of things you’ll need to cross off your to-do list before you can take a much-needed and well-deserved break from the business of a life of work. One of the most important—and often most difficult—decisions you will need to make is if you will move and where you will go when you do.

Is Downsizing Right for You?

A lot of people who move as they retire choose to downsize their homes. In some cases, the benefits of downsizing are what motivate them to move. Of course, it’s not for everybody, so comparing a few pros and cons can be helpful when you’re considering downsizing for retirement.

Pros:

  • You get to organize and declutter your home
  • You will spend less on maintenance, upkeep, utility bills, and cleaning
  • If your current home is already paid off, you might be able to sell