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7 Things You’ll Regret Downsizing in Retirement

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One of the first things that comes to mind when you hear the word "downsizing" is probably selling your home for a smaller one

Home or Living Space

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A lot of retirees will get rid of sentimental items such as family heirlooms or other meaningful belongings to declutter.

Personal Possessions

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Something I have noticed in my conversations with [my clients] is the regret in downsizing their social circles and commitments too drastically

Social Aspects

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Many retirees move when they retire. Some want to be closer to their children or grandchildren or better medical facilities. Others want a lower cost of living.

Location

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Many apartments and smaller homes don't have the space for a private yard or a garden. So, if this is something you enjoy, losing that space

Outdoor Space

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If you're thinking about moving into a senior community or shared living space, make sure it's what you really want -- and need -- before doing so.

Independent Living Space

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Retirement is when people typically have the most time to travel or pursue other hobbies and interests. But if you downsize your budget for these things

Travel

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