Darcy Bergen | Weebly
  • Blog
  • About

Downsizing after Retirement

1/29/2019

0 Comments

 
Picture
Experienced financial advisor Darcy Bergen specializes in retirement planning and risk management. As the president of Bergen Financial Group, Darcy Bergen advises clients who are undergoing major lifestyle changes, such as retirement and downsizing.

Downsizing is a good option for retirees looking to simplify their lifestyle and reduce their financial liabilities. Buying a smaller home in a planned community can also remove maintenance responsibilities, which can bring peace of mind to older homeowners. In certain situations, downsizing can leave homeowners mortgage-free with more money to invest. 

However, downsizing doesn’t always mean a smaller space or a less expensive home. For example, people who want to retire in the city center may pay more for a smaller space that comes with more convenience and less maintenance. Additionally, some retirees may move to a more expensive area to be closer to other family members or to live in a warmer climate. 

Before downsizing, homeowners should work closely with a financial advisor to determine the advantages. In some cases, rather than downsizing right away, homeowners may be better off paying a high mortgage for a few years and selling in a better market. Moving costs, realtor fees, and other expenses should also be considered.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    November 2019
    October 2019
    August 2019
    June 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    May 2018
    March 2018
    February 2018
    November 2016
    September 2016
    November 2015
    October 2015
    March 2013
    January 2013
    January 2012

    Categories

    All
    Benefits
    Clear Solutions For Seniors
    Community Outreach
    Darcy Bergen
    Finance
    Million Dollar Round Table (MDRT)

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Blog
  • About