Retirement: The Advantages of Downsizing

When you were young and embarking on your career journey, maybe you dreamed of owning a spacious home on a sprawling property. One with plenty of bedrooms for the future children you envisioned, a multi-car garage, and a lovely backyard with a picturesque garden or even a refreshing pool.

But as retirement approaches, the idea of downsizing may have crossed your mind. Besides the obvious benefits of maintaining a smaller property, there are other considerations like taxes and insurance that you should keep in mind. Additionally, those once lively multi-bedroom homes filled with children, playdates, sleepovers, and birthday parties might feel a bit empty once the kids are grown and flown the nest.

From the expected to the unexpected, let's explore four compelling reasons why downsizing can be a smart move for your retirement.


As we get older, some activities that were once a breeze (like climbing stairs) can become more challenging. One great solution is to consider downsizing to a smaller, single-level home. Not only are these easier to navigate, but they also come with added perks. For retirees who prefer not to rely on a car or simply prefer not to drive, downsizing to an apartment near restaurants, retail stores, grocery shops, and other amenities can greatly reduce stress. So why not make life a little easier and more enjoyable?


Smaller properties are generally more affordable compared to larger ones. While it may not be the case if you're trading a large rural country home in Nevada for a small apartment in bustling San Francisco, staying in the same town or city and moving into a smaller dwelling would definitely result in decreased housing expenses. This also applies to maintenance tasks like cleaning, painting, and mowing, which become more manageable.

Renting can be a wise choice from a cost perspective as well. It alleviates concerns about expenses such as upkeep, insurance, and property taxes, which become the responsibility of the landlord. So, you can have peace of mind and focus on enjoying your living space without financial burdens.


When it comes to downsizing, organization may not be the first thing that comes to mind for retirees. However, you'd be surprised at how satisfying it can be! Downsizing means less storage space, forcing you to take a hard look at your belongings. Do you truly need three sets of China? Or that broken treadmill collecting dust? It's time to Marie Kondo your stuff and let go of the extra baggage (literally!). Get ready for a liberating journey towards a more clutter-free life!


Flexibility is a significant advantage of renting. Imagine this: you've always dreamt of living in Hawaii, but you're unsure if you can handle the heat all year round. By renting, you get to experience the location without the commitment of home ownership or a mortgage. And guess what? If you end up missing the seasons, there's no need to go through the hassle of selling your house. Just wait for your lease to be up and make a move! Renting gives you the freedom to explore different places and enjoy life to the fullest.

Lowering the stress level at home and lightening your load is not only a gift to yourself but also to your children. Handling a loved one's affairs after their passing is tough, including dealing with their belongings. Imagine how much easier you can make it for your loved ones by downsizing your possessions in advance!

At Moscaret Investment Advisory, we specialize in helping individuals plan for their retirement by creating personalized long-term financial strategies that align with their unique goals and aspirations. Are you currently thinking about your retirement? Perhaps you're contemplating downsizing and seeking an apartment. Regardless of your personal circumstances, I would be delighted to offer a second opinion. Don't hesitate to reach out and schedule a chat with me!