Choosing where to live in retirement is about more than just finances — it’s about creating a home that aligns with evolving needs, goals and lifestyles.

In this episode, Joe Patterson, CFP®, and David J. Nienaber, MBA, CPA, CFP®, both Financial Planners and Shareholders at Foster & Motley, Inc., discuss the financial and emotional considerations of downsizing, upsizing and rightsizing in retirement. They explore how housing decisions impact long-term financial security and lifestyle, highlighting real client experiences and key factors to consider when planning for the future.

Key Takeaways:

(00:52) Downsizing isn’t always the answer.

(02:23) Social norms push downsizing, but it’s not for everyone.

(06:56) Retirement communities offer long-term security.

(08:28) Continuous care communities provide peace of mind.

(11:05) Renting first helps retirees find the right fit.

(13:15) Downsizing often costs more than expected.

(16:09) Insurability is a growing issue in high-risk areas.

(19:07) Family talks are crucial for vacation home plans.

(21:31) Emotional ties make relocation tough.

(25:02) Tracking routines before moving prevents surprises.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Joe Patterson and David Nienaber:

info@fosterandmotley.com

+1 513-561-6640

LinkedIn: Joe Patterson

https://www.linkedin.com/in/josephapatterson/

LinkedIn: David Nienaber

https://www.linkedin.com/in/dnienaber/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

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