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The Simply Retirement Newsletter

Downsize or Rent in Retirement? 5 Key Decisions You Should Consider

Published 9 days agoย โ€ขย 2 min read

This week was the first of two weeks that we are keeping our grandbaby. I've decided that the cliche about grandparents spoiling their grandchildren and sending them back to their parents is misleading. Grandparents really only have a few days of energy to keep up and have to squeeze in as much spoiling as possible before we run out of that energy. But I'll take every second. ๐Ÿ˜„

"Answering the financial questions now lets you focus more on what you want life to look like."

ERIC BLAKE

Whatโ€™s the right housing move in retirement?

Sell and rent, or stay put and downsize?

In this episode, I unpack five key decisions that go far beyond dollars and cents, inspired by a real conversation with a client. Whether you're widowed, single, or simply evaluating your next step, this breakdown helps you consider every angle, both financial and emotional.

On this week's episode we discuss:

  • How renting can offer convenience, but comes with rising costs and less control over long-term financial outcomes
  • The critical role of home equity and the potential strategies to access it, including reverse mortgages
  • Tax implications for widows and single retirees when selling a home, including the impact on capital gains
  • The importance of lifestyle considerations, like proximity to social hubs or family, when making housing choices
  • How emotional attachment to a home can often outweigh financial logic, and how to strike a balance between the two
  • And more!

Did you miss it?

You can catch every episode of The Simply Retirement Podcast on the website - or on your favorite podcast app.

Have more questions about retirement planning? Just hit reply to this email. I read and respond to every message. ๐Ÿ˜ƒ

Keeping Retirement Simple,

Eric Blake, CFPยฎ

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โ€‹Content here is for illustrative purposes and general information only. It is not legal, tax, or individualized financial advice; nor is it a recommendation to buy, sell, or hold any specific security, or engage in any specific trading strategy.

All investing involves risk including loss of principal. Results will vary. Past performance is no indication of future results or success. Market conditions change continuously.

Information here is provided, in part, by third-party sources. These sources are generally deemed to be reliable; however, neither Blake Wealth Management nor RFG Advisory guarantee the accuracy of third-party sources. The views expressed here are those of Blake Wealth Management. They do not necessarily represent those of RFG Advisory, their employees, or their clients.

This commentary should not be regarded as a description of advisory services provided by Blake Wealth Management or RFG Advisory, or performance returns of any client. The views reflected in the commentary are subject to change at any time without notice.

Advisory services offered by Investment Advisory Representatives of RFG Advisory, LLC ("RFG Advisory" or "RFG") a registered investment advisor. Blake Wealth Management and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place. RFG Advisory is an SEC-registered investment adviser. SEC registration does not constitute an endorsement of RFG by the Commission, nor does it indicate that RFG or any associated investment advisory representative has attained a particular level of skill or ability.

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The Simply Retirement Newsletter

Eric Blake, CFPยฎ

Straightforward retirement education for women delivered to your inbox weekly. ๐ŸŽ™๏ธ Host of the Simply Retirement Podcast. Whether you are divorced, widowed, or simply ready to take control of your financial future, your retirement planning needs are special.

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1 day agoย โ€ขย 2 min read

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23 days agoย โ€ขย 3 min read