Downsizing In Retirement
In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Nick discuss downsizing in retirement. Scenarios such as lifestyle preferences and financial needs are what make downsizing a consideration for retirees.
Listen in to learn how we use practical scenarios to help clients visualize the potential outcomes of downsizing decisions. You will also gain insights into the importance of assessing the impact of downsizing on your retirement plan, whether it's for convenience or financial optimization.
In this episode, find out:
- Some real-life scenarios where you might want to downsize in retirement.
- The challenges and benefits of downsizing like monetary implications and lifestyle enhancements.
- How we strategize to incorporate downsizing into a retirement plan and open up flexibility.
- The importance of early assessment and strategic planning to make informed downsizing decisions.
- How we simulate real-life scenarios to give you an insight into the consequences of downsizing in the future.
Tweetable Quotes:
- "Downsizing may be an even exchange, but there are a lot of benefits that you pick when you make the move that you weren\u2019t looking for 10 to 20 years ago, but now it\u2019s something important.\u201d- Nick Hymanson.
- \u201cIt gives more flexibility into your retirement plan if you have additional cash flow and funds through your retirement.\u201d- Nick Hymanson.
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.