In this episode of the Smart Wealth & Retirement Podcast, financial advisors and retirement planners Jim Martin & Casey Bibb of Martin Wealth Solutions dive into one of the biggest lifestyle and financial questions facing retirees — when and how to downsize.

They explore the emotional and financial sides of moving to a smaller home, freeing up cash flow, and simplifying life in retirement. Jim and Casey walk through key considerations such as market timing, tax implications, and the impact of housing costs on your long-term plan. They also share real client stories of those who downsized successfully (and those who wish they’d done it sooner), along with practical guidance on how to decide whether now’s the right time to make the move.

Whether you’re thinking about selling your family home, relocating to a lower-cost area, or exploring retirement communities, this episode will help you make an informed decision that supports both your heart and your balance sheet.

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Timestamps:

00:00 Introduction: The Emotional Side of Downsizing

01:08 Meet the Hosts – Jim & Casey

02:25 Why Downsizing Comes Up So Often in Retirement Planning

04:47 The Financial Math Behind a Smaller Home

07:32 Tax Considerations When Selling Your Home

09:45 Real Client Story: Moving to Simplify Life

12:58 Hidden Costs and Pitfalls to Avoid

15:40 Market Timing: Sell Now or Wait?

18:12 Lifestyle Shifts After Downsizing

20:55 Final Thoughts: Clarity Over Comfort

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