Rethinking Retirement Housing

​Many retirees look forward to downsizing or relocating, but housing choices in retirement can have long-lasting financial and lifestyle impacts…

Surveys show that over half of retirees have at least one regret about their housing decisions. Here are a few of the most common:
 
Downsizing Too Much
Some retirees later realize they gave up too much space too soon - especially when hosting family or needing room for hobbies, storage, or a home office.
 
Moving Too Far From Friends & Support
Relocating to a dream destination often means leaving behind a trusted network. Loneliness, travel costs, or difficulty accessing healthcare can become unexpected challenges.
 
Underestimating Ongoing Costs
HOA fees, rising property taxes, maintenance surprises, or higher utility bills in a new climate can derail even well-laid retirement budgets.
 
Not Thinking Long-Term
Some regret choosing homes with stairs, inaccessible bathrooms, or layouts that don’t accommodate aging in place. Planning ahead can help avoid another move later.
 
What You Can Do Now
If you’re considering a housing change in retirement - or helping a loved one through it - take time to weigh not just today’s wants, but tomorrow’s needs. A financial plan that includes realistic housing scenarios can help avoid costly do-overs later.
 
Need assistance navigating your options or factoring in housing costs to your retirement plan? We’re happy to help!