The Best Resources to Jumpstart Your Retirement Downsize

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Are you ready to slow down and enjoy a simpler life? Downsizing your home is a great way to save money and time in retirement — that is, if you can pull it off.

While there’s a lot to love about downsizing, moving after age 60 isn’t most homeowners’ idea of a good time. It takes a lot of work to trade your oversized, outdated house for a home where you can age comfortably. Luckily, financial expert Bruce Mills of Mills Way has some great resources to help launch your retirement downsize.

Benefits of Downsizing

If you’ve already decided to downsize, chances are you’re already aware of benefits, such as lower utility bills, decreased property taxes, a lower mortgage, and less home maintenance. This all means increased cash flow. What you may not be aware of are additional, less obvious pluses. Because you’re living in a smaller space, you’re forced to live with less “stuff” which means organization becomes easier. And with fewer rooms, there’s less to clean and pick up, which gives you more time for yourself. Also, looking forward, a home without a basement or stairs to upper levels equates to better accessibility. In many cases, for retirees, downsizing can even be considered “right-sizing.”

Listing Your Property

First up: getting your old house on the market. Here’s what it takes to sell a home today.

  • Home value estimators are a good place to start. An appraisal calculator uses public data and sales of comparable homes to estimate a property’s current market value. Market value is key to calculating your home’s equity.
  • Next, sellers should work with a dedicated real estate agent. Among other duties, an agent will perform a comparative market analysis and set your home’s asking price.
  • Real estate agents also advise sellers on upgrades and repairs to enhance your home. Carefully planned updates ensure you get the best price without overspending.
  • Determine whether you will use the sale of your home to buy a new place outright or if you will need a mortgage. When surveying your lending options, don’t forget to consider VA loans if you’re a veteran. VA mortgage interests rates tend to be lower, helping to keep your monthly payment manageable.


With your house on the market and your budget set, you’re ready tobuy a downsized home.

  • Planning to age in place? Consider the pros and cons of a single-family home versus a condo or townhouse.
  • Aging in Place lists 18 key features buyers should prioritize when searching for an age-friendly home, including step-free entrances, no-slip flooring, ample lighting, and roll-in showers.
  • If buying a home or condo will be too much of a financial burden, or if you want to avoid a mortgage, an apartment might be the best choice. Prices can vary around Phoenix, so be mindful of price and neighborhood when reviewing online listings.
  • Also, don’t rule out community-based living. In addition to assisted living and nursing homes, there are a variety of independent living communities that cater to active older adults.

Moving Day

Packing and moving is the final hurdle for downsizing homeowners.

  • Get rid of anything you don’t need or don’t have space for. The Hartford notes this includes big things like furniture and home décor as well as small stuff like the junk drawer. The more you declutter now, the less time and money you’ll spend moving.
  • Pack strategically to protect delicate items and stay organized. Don’t forget to keep essential items like medication outside of the moving truck for easy access.
  • Hire a moving service to do your heavy lifting. Not only will this expedite moving day, but it ensures your belongings are safely transferred to your new home, and you won’t run the risk of injury from attempting a DIY move.

Moving is hard work, but it doesn’t have to be a hassle! When you’re ready to downsize into something more manageable for retirement, use these tips to get organized, and you’ll be on your way in no time.

Mills Way is more than financial freedom — it is a way to help people have choices in their life and map out their own route to financial freedom and happiness.

As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at This is for entertainment only.

Thanks, June Duncan for the above great info. You are a good friend.

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If you need more help, I can help with my Coaching service. I just want to help people have less stress about their Financial Future or their Retirement plans and spend more time enjoying life.

“The definition of insanity is doing the same thing over and over again, but expecting different results”. By Albert Einstein. I would also say the definition of insanity is believing you can live a financial responsible life without tracking how you are doing, having a budget and goals. I like following others who track their finances to compare our also. I enjoy helping people with their finances and goals.

We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. The boys will need to maybe put off Net Flix or buying a New Video game or going to the movies until they are on the path to Financial Freedom.

Here are some positive quotes I like;

“Get your Money to Work for You… As hard as You Work for it.” By Napoleon Hill

“1. Make Money. 2. Use the Money to Make More Money. 3. Repeat the Process.” By Warren Buffett

“There is no way to happiness; happiness is the Path.” By Buddha

“Change Your Thoughts – Change Your Life” by Wayne W. Dyer

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