The Truth About Downsizing in Retirement

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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

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