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Should You Downsize in Retirement? Factors to Consider

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Manage episode 518060739 series 3564308
Content provided by Mark Silverman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Silverman 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 get in touch with Mark? 👉 https://silverman-associates.com/home

Is downsizing right for you in retirement? For many retirees, the decision to downsize isn’t just about saving money; it’s about simplifying life. Mark reveals why moving to a smaller home isn’t always a money-saver, digging into costs like mortgages, HOA fees, and property taxes. He shares his personal perspective and explains how family needs and lifestyle goals play a role. Tune in for practical advice to help you weigh the real pros and cons before making this big move.

Here’s what we discuss in today’s show:

🏡 Downsizing Decisions: understanding when a move makes financial and lifestyle sense

💵 Financial Planning Factors: how selling, buying, or renting affects your retirement budget

🧹 Maintenance & Upkeep: reducing home responsibilities without sacrificing comfort

💬 Emotional Shifts: preparing for the lifestyle changes that come with “less stuff”

🧭 Timing Matters: why market conditions and tax considerations should guide your decision

Want to get in touch with Mark?

Web:

https://silverman-associates.com/home

Email:

[email protected]

Phone:

520.512.8832

  continue reading

212 episodes

Artwork
iconShare
 
Manage episode 518060739 series 3564308
Content provided by Mark Silverman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Silverman 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 get in touch with Mark? 👉 https://silverman-associates.com/home

Is downsizing right for you in retirement? For many retirees, the decision to downsize isn’t just about saving money; it’s about simplifying life. Mark reveals why moving to a smaller home isn’t always a money-saver, digging into costs like mortgages, HOA fees, and property taxes. He shares his personal perspective and explains how family needs and lifestyle goals play a role. Tune in for practical advice to help you weigh the real pros and cons before making this big move.

Here’s what we discuss in today’s show:

🏡 Downsizing Decisions: understanding when a move makes financial and lifestyle sense

💵 Financial Planning Factors: how selling, buying, or renting affects your retirement budget

🧹 Maintenance & Upkeep: reducing home responsibilities without sacrificing comfort

💬 Emotional Shifts: preparing for the lifestyle changes that come with “less stuff”

🧭 Timing Matters: why market conditions and tax considerations should guide your decision

Want to get in touch with Mark?

Web:

https://silverman-associates.com/home

Email:

[email protected]

Phone:

520.512.8832

  continue reading

212 episodes

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