At some point, this thought crosses almost every retiree’s mind:

“Is it time to move?”

Maybe the house feels too big.
Maybe you’re tired of shoveling snow.
Or maybe you’ve considered moving closer to the grandkids or further away from traffic, taxes, and noise.

Whatever your reasons, it’s a big decision. And like most things in retirement, it’s not just about what feels good right now. It’s about whether your choice aligns with both your lifestyle goals and your long-term financial plan.

Moving in retirement can be freeing, exciting, and full of possibility. It can also bring trade-offs you may not have fully considered.

For example, the cost of living isn’t just about your mortgage or rent. Sure, you might pay less for housing, but what about property taxes, utilities, groceries, or healthcare in that new location? Some places look affordable until you actually live there.

Then there’s the tax angle. Some states don’t tax Social Security income. Others give breaks on retirement withdrawals. A few offer generous property tax relief for retirees.

But there’s no one-size-fits-all answer here. The right move depends on where your income comes from, how you’re drawing it, and what you actually spend.

And what about your current home? For many retirees, it’s one of the largest financial assets they own. It may hold equity that could be used to boost cash flow, reduce stress, or simply offer flexibility.

Whether you downsize, relocate, or stay put and explore options like a home equity line of credit or reverse mortgage, it’s worth looking at how your home fits into your overall plan.

But here’s the most important thing:
​This is about more than numbers.

It’s about where you want to live, who you want to be near, and how you want to feel in this next chapter.

Do you want to simplify and shed responsibility?
Stay rooted in a familiar neighborhood?
Or explore a new environment while you’re healthy and active?

None of these paths are wrong. But they do come with trade-offs, some financial, some emotional.

So before you make any big decisions, it helps to pause and look at the full picture. Not just the real estate market or a dream destination… but how your housing choice supports the life you want and the income plan you’ll depend on.

We’re just a reply away if you have questions or want to share your thoughts. We’d love to hear from you.
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Thanks for reading!
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​Keeping wealth in focus,

The MY Wealth Management Team