[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/should-you-downsize-in-retirement-rye-brook-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/should-you-downsize-in-retirement-rye-brook-ny\/","headline":"Should You Downsize In Retirement?","name":"Should You Downsize In Retirement?","description":"Emotionally, it’s hard to let go of a home filled with memories. Moving is a hassle, and downsizing to a smaller home isn’t always the cash bonanza some might expect. When entering your golden years of retirement, what is the ideal living arrangement for your new stage of life? Do you stay in your home […]","datePublished":"2014-02-04","dateModified":"2023-08-12","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01a51162106a.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01a51162106a.jpg","height":192,"width":192},"url":"https:\/\/www.amorusolaw.com\/blog\/should-you-downsize-in-retirement-rye-brook-ny\/","about":["Elder Law","Estate Planning","House","Real Estate","Real Property"],"wordCount":304,"keywords":["Elder Law","Estate Planning","House","Real Estate","Real Property","Retirement"],"articleBody":"Emotionally, it’s hard to let go of a home filled with memories. Moving is a hassle, and downsizing to a smaller home isn’t always the cash bonanza some might expect.When entering your golden years of retirement, what is the ideal living arrangement for your new stage of life? Do you stay in your home where you’ve made life-long memories? Or do you downsize to something else in hopes of saving on expenses and maintenance? Even if you have yet to confront these fundamental retirement questions, you ought to consult a recent article in The Wall Street Journal titled \u201cWhen Should Retirees Downsize Homes?\u201d The Journal asks, \u201cwhen\u201d not \u201cif,\u201d but that does not mean there is not another side of the story. Enter the DailyFinance with an article providing yet additional reasons to stay put. In fact, that article is aptly titled \u201c7 Reasons Not to Move in Retirement.\u201d While you will want to read both articles, here are the seven reasons to stay:Save MoneyServices You LikeA Social NetworkProximity to FamilyMemoriesAn Advance Plan for Your Later YearsYou Like ItWhat place does your home occupy in your life and in the lives of your loved ones? To some families a house is an asset, to others it is a home, and to others it is an anchor (whether wanted or not). Whether you are planning for retirement or already in retirement, there is much at stake and the home can be a divisive issue. So, again, what is the house to you and yours? How are you planning for it? Reference: The Wall Street Journal (January 25, 2014) \u201cWhen Should Retirees Downsize Homes?\u201d DailyFinance (January 22, 2014) \u201c7 Reasons Not to Move in Retirement\u201d For more information on asset preservation and estate planning, please visit my estate planning website."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Should You Downsize In Retirement?","item":"https:\/\/www.amorusolaw.com\/blog\/should-you-downsize-in-retirement-rye-brook-ny\/#breadcrumbitem"}]}]