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Hello, I am recently retired. I am not collecting SS yet. I am living off of my wife's small income and a severance I received from work. I have a very healthy 401k balance a few small pensions so we ...
So much of the retirement advice I read or see on YT preaches the idea of paying off your home. The idea being that owning a paid-off home eliminates the largest non-discretionary expense in retiremen...
You may be sitting on a lot of home equity – but deciding to sell isn’t so simple.
We are looking to downsize from a 4500sf home. Naturally, that will mean giving up space, but we’re having a hard time prioritizing. Every room in our current home is spacious and we have lots of stor...
After a colourful career in high-tech/telecoms, I realized it was time to retire when I was suddenly reporting to a 22 year old who knew less about technology than the cashier at a dollar store, place...
We’re not looking to retire for a few years yet, however we’re starting to look now at how we can prepare in advance to ensure our outgoings are as low as possible when it’s time. For example; install...
Your spouse wants to remodel your kitchen and several bathrooms in your house. You’ve received a quote for the work for about $100,000. Using a strategic withdrawal approach and a Monte Carlo modeling...
Retiring in four years, looking at downsizing from a two story home with a very large yard. We’re looking into building a new ranch style home. Looks like all-in that will cost an additional $300k. Ha...
What if downsizing your home could actuallyupgradeyour lifestyle in retirement? In this episode, Tyson Thacker sits down with real estate professionals Jodi Rosko and Heather Fisher, co-hosts ofThe Do...
Strategies include starting small, adopting a system, getting help from others and being ruthless about what to keep, even when it comes to sentimental items or inherited possessions....
Retirees might dream of selling their home, downsizing to a smaller one, and investing the extra cash for income, but the profit they pocket is often less than what they hoped for....
Retiring at 66 and 10 months in 2026. How was downsizing handled? While many of our items hold memories I am working through getting rid of things, my husband on the other hand keeps thinking we may n...
After retirement people think about downsizing their homes and possessions. It may be time to curate relationships, activities and involves, and your limiting beliefs....
FROM THE ARTICLE. Is Now a Bad Time to Downsize? Consider these pros and cons before moving to a smaller home in today’s market. By Cameron Huddleston, AARP. Published July 23, 2025. Downsizing ...
With prices going up on everything, you may be looking for a cheaper place to live. To truly evaluate costs, take a hard look at taxes and intangibles....
Before relocating in retirement, avoid these common misconceptions about downsizing....
The idea that you'll never have to move again may sound tempting, but how about the costs? A financial planner explores the pros and cons of this style of retirement living....
Downsizing used to sound like a last resort. Now it looks more like a smart financial reset. The big house with extra rooms might be costing more than it’s giving back. A 2023 study found that b...
ProFeds Founder, Chris Kowalik, introduces the Reduction in Force training series that she developed exclusively for federal employees facing a monumental government-wide downsizing. She describes the...
My wife just reached FRA and has applied for Social Security. I reach FRA next November. We still have a mortgage on a 3,100sf, two-story house, which is way more than we need now. We know we need to ...
The lower costs of a smaller home in retirement might sound appealing, but be ready for the trade-offs that come with making this big decision....
Hi all, As my spouse and I approach retirement, we're considering moving out of our big, old, and high maintenance house and downsizing. Our considerations are having some extra money in the bank, and...
Today we discuss the pros and cons of downsizing in retirement. We discuss how selling your home can reduce expenses, simplify your lifestyle, and free up money for travel or investments. But we also ...
I'm retired, husband will be retiring in about 2 years. We are planning to sell our large, Midwestern home and move out west into a smaller house when he does. If we don't go crazy we can pay cash for...
I (63) retired 5 years ago. My wife (64) retired last month. We have accumulated a lot of possessions. Some have financial value, most don’t but are useful. I have a “I worked hard for tha...
I read post after post of those downsizing as if it's the only way to go. We are in our late 60s. Live in a 2500 sq ft home on 2.5 acres in NY. We are looking to move either down south to NC or Georgi...
... but my friends keep telling me that condo fees "go up all the time." Is there are truth to this? If you own/have owned a condo, what was it like? Please tell me the good, the bad and the ugly! (Th...
There was another post recently, its now locked, about retirees who downsized to a guest house on their child's property and how freeing it was. We did something similar, sold our house and moved into...
We (61m & 60f) are getting ready to downsize and move to a townhouse in a mid size city. The difficult question is if we should sell our very big suburban house (with equity but also a big mortgag...
I’m about 24 months out from ‘retirement’ (e.g, working for someone else). I have a decent salary, kids are independent, and no debt other than a mortgage. When I retire, downsizing ...
We( couple 60yo ) began talking about downsizing about 7 years ago. Through luck and a lot of tough decisions we accomplished it. So We started with a 3000 sqft home - then to a 1400 square foot Condo...
We are in a Portland suburb and have a good amount of equity in our home - worth about $650K-$700K, owe $30K. 4 bedrooms + an office. And while we have done lots of work on it in the 20 years we've li...
In the latest episode of the Rock Your Retirement Show, Kathe Kline and Barbara Mock delved into the seasoned realities of downsizing and moving after retirement. Barbara shared her personal journey o...
Background: our house should be paid off by the time we retire. We have raised a pack of kids, one has boomeranged back and the youngest is still in college. The others are out on their own. We are re...
In this episode of "Rock Your Retirement," host Kathe Kline welcomes back Barbara to continue their candid conversation about the emotional and logistical challenges of downsizing and moving in retire...
Getting close to transitioning to a working retirement but since downsizing options are now gone in my region of the PNW, I find many things to worry about! I’m 65 and eight months. How much hav...
On my 65th birthday, my company, publicly traded company, announced (the less then stellar) Q3 results. And the downsizing. Everyone learns who is affected tomorrow. I’m likely to get a “p...
With prices and mortgage rates high, smaller isn’t always better—or cheaper...
On the one hand, we’re systematically labeling which things to get rid of, and when. But we’re also downsizing our ambitions....
June 7, 2023 – Now in their 80s and 90s, our friends Jane and Jack knew that they were going to have to downsize from their 3 bedroom townhome. They both had health problems, and the stairs to t...
Special Thanks to the author SW Hubbard (Susan) for this article, which was originally published on JungleRedWriters.com. It is the latest in our Downsizing/Decluttering/Ridding Out Series. February 2...
December 11, 2022 — One of the best pieces of advice we have heard is to think about downsizing in retirement. Finding a smaller, lower maintenance place to retire can unlock equity in your home...
Our thanks to the NY TImes best-selling author HALLIE EPHRON for allowing us to reprint this amazing story from JungleRedWriters.com. Decluttering, ridding out, downsizing, whatever you want to call i...