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The Truth About Downsizing in Retirement

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Manage episode 505666796 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Want to learn more about financial planning? Please subscribe to our channel and you won't miss a video ➟ https://bit.ly/33RO6mV

Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule-appointment

Downsizing in retirement seems like a no-brainer, but it’s not that simple. In this episode, Phil tests some of the most common beliefs about downsizing and whether they really hold up. Is moving to a smaller home always cheaper? Does it automatically lower your taxes? Will it actually simplify your life, or just trade one set of challenges for another?

Here’s some of what we discuss in this episode:

🏠 Downsizing isn’t always cheaper than staying put

💰 Property taxes can jump when you reset your tax base

📉 Transaction costs (commissions, moving, new furniture) cut into equity

👨‍👩‍👧 Family dynamics and emotional ties play a big role

🧭 Lead with lifestyle goals, not just financial ones

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

295 episodes

Artwork
iconShare
 
Manage episode 505666796 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Want to learn more about financial planning? Please subscribe to our channel and you won't miss a video ➟ https://bit.ly/33RO6mV

Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule-appointment

Downsizing in retirement seems like a no-brainer, but it’s not that simple. In this episode, Phil tests some of the most common beliefs about downsizing and whether they really hold up. Is moving to a smaller home always cheaper? Does it automatically lower your taxes? Will it actually simplify your life, or just trade one set of challenges for another?

Here’s some of what we discuss in this episode:

🏠 Downsizing isn’t always cheaper than staying put

💰 Property taxes can jump when you reset your tax base

📉 Transaction costs (commissions, moving, new furniture) cut into equity

👨‍👩‍👧 Family dynamics and emotional ties play a big role

🧭 Lead with lifestyle goals, not just financial ones

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

295 episodes

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