Should I Downsize My House in Retirement?

Rick recently wrote in and wanted to know if he should downsize his house. He has an emotional attachment to it, so it’s a tough decision. We’ll walk you through the decision-making process in tough deliberations like this.

 

Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-151-should-i-downsize-my-house-in-retirement/ 

 

What we discuss on this episode:

0:57 – Protecting your personal information

3:54 – Downsize?

7:33 – Own or rent?

8:37 – Client was done with homeownership

10:37 – Taxes

11:50 – Coming to conclusions

14:04 – Answering questions