Episode 223: Downsizing in Retirement: When to Sell, When to Stay

About this episode

Wade and Alex discuss the complexities of housing decisions in retirement, challenging common assumptions about downsizing and emphasizing the importance of mobility and social connections.

In this episode of Retire with Style, Wade and Alex continue the breakdown of the Retirement Planning Guidebook Third Edition. Focusing on one of the most overlooked but impactful retirement decisions: housing. Wade and Alex challenge the common assumption that retirees will downsize or relocate, showing that most people actually stay put and often even move into larger homes. The conversation then shifts to how to evaluate where you live through the lens of aging, covering practical considerations like mobility, social connections, healthcare access, and home design. They also introduce the financial implications of housing decisions, including whether carrying a mortgage into retirement adds unnecessary risk. Listen now to learn more! Takeaways Most retirees don’t move, and mobility declines with age Downsizing is less common than expected and often doesn’t happen Housing decisions should prioritize mobility, social connection, and support Walkability and access to amenities become more important over time Proximity to healthcare and transportation is critical Aging in place requires home modifications and planning ahead Technology can help extend independence and safety at…

People in this episode

Hosts: Wade Pfau, Alex Murguia

Topics covered

• downsizing
• retirement housing
• mobility
• financial implications
• aging in place

Keywords

• retirement
• downsizing
• housing decisions
• mobility
• financial risk

Mentioned in this episode

Books & works: Retirement Planning Guidebook Third Edition

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