As retirees are living longer and staying active later in life, more people are redefining their retirement lifestyle. Within this trend, some seniors are finding that downsizing to a smaller home is not only safer, but it is also a smart way to make their income stretch further (and fund a more active lifestyle). Of course, downsizing in the era of COVID-19 has become tougher. But if this sounds like something you’re ready to explore, we advise asking yourself these questions so you can be confident in making the best downsizing move for you.
When Is the Best Time to Downsize?
Some seniors who wait until they need to make a change end up feeling rushed into the decision. This is why we recommend making a move sooner rather than later. When you do this, downsizing can be a vehicle for reshaping your life in retirement — a new life with less stress, more money, and more time to enjoy hobbies and find happiness.