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Should You Downsize in Retirement? Pros, Cons & Key Questions
In this episode of the Retire Early Podcast, financial advisors and retirement planners Sam Benson & Linwood Fraher of Martin Wealth Solutions explore one of the biggest lifestyle and financial decisions retirees face: Should you downsize?
Sam and Linwood break down the emotional, practical, and financial sides of downsizing — from reducing expenses and simplifying life to the potential surprises, hidden costs, and market conditions that can turn a “smart move” into a stressful one.
They discuss who benefits most from downsizing, who may want to stay put, and the key questions to answer before making the decision. Whether you're considering a smaller home, relocating, or just curious about the pros and cons, this episode provides clarity on making the move that’s right for you.
http://retirewithmartin.com/ ← Learn about working with us
www.planwellretirehappy.com
Episode Breakdown
00:00 – Introduction: Why downsizing is such a big retirement decision
01:32 – What “downsizing” really means today
02:58 – The financial benefits: lowering expenses & freeing up equity
04:45 – Lifestyle advantages: simplicity & less maintenance
06:18 – Hidden costs retirees often overlook
08:06 – The emotional side of leaving a longtime home
09:54 – When downsizing can backfire
11:36 – Housing market considerations
13:08 – Who is the best candidate for downsizing?
14:42 – Situations where staying put may be better
16:20 – How to evaluate whether now is the right time
18:06 – Key questions to ask before making the decision
19:42 – Practical steps to prepare for a downsize move
Disclaimer
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.
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By Sam Benson & Linwood FraherIn this episode of the Retire Early Podcast, financial advisors and retirement planners Sam Benson & Linwood Fraher of Martin Wealth Solutions explore one of the biggest lifestyle and financial decisions retirees face: Should you downsize?
Sam and Linwood break down the emotional, practical, and financial sides of downsizing — from reducing expenses and simplifying life to the potential surprises, hidden costs, and market conditions that can turn a “smart move” into a stressful one.
They discuss who benefits most from downsizing, who may want to stay put, and the key questions to answer before making the decision. Whether you're considering a smaller home, relocating, or just curious about the pros and cons, this episode provides clarity on making the move that’s right for you.
http://retirewithmartin.com/ ← Learn about working with us
www.planwellretirehappy.com
Episode Breakdown
00:00 – Introduction: Why downsizing is such a big retirement decision
01:32 – What “downsizing” really means today
02:58 – The financial benefits: lowering expenses & freeing up equity
04:45 – Lifestyle advantages: simplicity & less maintenance
06:18 – Hidden costs retirees often overlook
08:06 – The emotional side of leaving a longtime home
09:54 – When downsizing can backfire
11:36 – Housing market considerations
13:08 – Who is the best candidate for downsizing?
14:42 – Situations where staying put may be better
16:20 – How to evaluate whether now is the right time
18:06 – Key questions to ask before making the decision
19:42 – Practical steps to prepare for a downsize move
Disclaimer
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.