Is downsizing your home your retirement golden parachute?

Fro some it is to work on their retirement plan and others it is just to have less work so they can do other things.

Seniors often think of downsizing for a variety of reasons.  Understanding that they require less space now that the children are grown is one of them.  A second reason  isthey wish to travel more, and don't want to worry about their yards, so they move into condos and townhomes.

Interesting.  I'm over the 50 mark and I expect my next home will be larger.  We're a close family.  I'm gonna need more bedrooms for grands to have sleepovers and grammy's house.

Aloha Kimo.

THAT is essentially the number one strategy for Washingtonians. Sell the home, and retire a few hour south in a more rural and much much lower cost of living town.

Great point Kimo, I think may folks down size to avoid high property taxes and even just maintaining a large home when the kids are gone.

Kimo great post funny part is if you downsize in the greater Los Angeles area the home will be more expensive than what you paid for 20 years ago and it will be a lot smaller too:)Endre

p.s.: so for our area you need to leave the area to reap the benefits you wrote about:)

Kimo Stowell - one needs solid advice as they downsize and decide on what to do next. And sure, you can help them.