The Downsizing Myth
When discussing their retirement plans, people often tell me that they will downsize their current house, move into a cheaper house, and invest the difference for retirement income. As I tell them, "the next time I see someone downsize into a cheaper house will be the first time that I see them do it". People often downsize square footage but they move into a more expensive home. If downsizing into a cheaper home is part of your retirement plan, please read the following article by Amy Hoak for some perspective.