Downsizing is a popular option for seniors in, or approaching, retirement. This step requires you to scale back your possessions, including furniture, books, dishes and even heirlooms, so you can move into smaller accommodations. Whether moving to a smaller home, moving in with family or relocating to an Independent Living community, downsizing can be a stressful and emotional process. Fortunately, you can do several things to make this process more manageable and easier to handle.
This article provides more information about downsizing to help you determine if it's the right option for you.
You may choose to downsize in retirement for many reasons, including:
When determining if downsizing to smaller accommodations is the right choice for you, it’s important to explore all your options and understand everything involved in making such a big move. Keep reading to learn more.
Despite what you might think, you can effectively downsize at any time of the year — even in the winter. Moving during the winter comes with certain challenges, such as the unpredictable weather, but it also comes with some advantages.
First, winter, especially around the holidays, is the perfect time to hand down special heirlooms to loved ones. Since you may already be getting together for the holidays, you can use this time to pass on some of your most cherished possessions to your children, grandchildren, siblings and other special people in your life.
Secondly, moving in the winter can give you access to more services and greater flexibility. Studies show that most people move between mid-May and mid-September. During these in-demand months, scheduling a time with professional movers can be difficult, and they're less likely to make adjustments if necessary. On the other hand, if you move during the offseason, you’re likely to find greater flexibility as to when you move, and the rates may be cheaper.
It’s crucial to have your finances in order before you move. Take the time to set a budget that meets your needs but still gives you the ability to enjoy your retirement. If necessary, schedule an appointment with your financial planner to get a better idea of your current financial state and what you can expect during your retirement. This step can help you make sound decisions regarding moving.
You must also understand the numerous expenses involved in downsizing, such as:
Here are some tips to make the downsizing process easier to manage.
If you decide downsizing is the right option for you, consider all your options. For example, senior living at Montereau offers maintenance-free living in luxury accommodations. Contact us at 918-495-1500 to schedule a tour and find out for yourself everything our community has to offer.
Tuesday, December 5, 2023
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