Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Downsizing Your Home? Stay Away From These 8 Crucial Mistakes

July 10, 2019 · Personal finance
Professional movers carefully handling a wrapped piece of art.
Professional movers carefully transport a large bubble-wrapped painting down the stairs of a spacious home.

When DIY Isn’t Enough: Hiring Professionals

Handling a complex real estate transition entirely on your own often leads to burnout. Do not let pride stop you from bringing in specialized help when the stakes are high.

  • Massive Clutter and Decades of Belongings: If the thought of emptying the attic makes you physically ill, hire a Senior Move Manager. These certified professionals specialize in helping older adults downsize. They create floor plans, sort belongings, hire estate sale companies, and completely unpack your boxes in the new home.
  • Complex Tax Situations: If your home has appreciated by more than $500,000, or if you run a home-based business and take depreciation deductions, do not guess at the tax math. Hire a Certified Public Accountant (CPA) before listing the home to execute tax-mitigation strategies.
  • Retirement Income Planning: If you plan to use the proceeds from the home sale to fund your daily living expenses, consult a fiduciary financial planner. They can model how to invest the lump sum safely, ensuring the money outlasts your retirement. You can verify advisor credentials through resources like Investor.gov.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

3 Ways To Retire a Millionaire

How much do you need to invest?  Maybe you’re not looking to become a multimillionaire,…

Read More →

7 Retirement Financial Mistakes to Avoid

Not Investing Properly Or, as we like to call it, not investing at all. But…

Read More →

11 Social Security Mistakes You Have To Avoid Before You Retire

The Mistake: Assuming Social Security Benefits Can Fully Cover Your Living Expenses Living off Social…

Read More →
An older man confidently using a laptop in a sunlit home office, symbolizing digital security.

7 Common Passwords To Avoid

Learn why common passwords leave retirees vulnerable to fraud and discover practical cybersecurity strategies to…

Read More →

20 Essential Tax Breaks Every Senior Should Know About

Maximize your retirement income by exploring 20 essential tax breaks, deductions, and financial strategies specifically…

Read More →

13 Financial Aftermaths That Will Affect Seniors’ Budget

11. Groceries may get more expensive Social distancing has become a part of our daily…

Read More →
A senior couple smiling while looking at a laptop in a bright, modern kitchen.

20 Tips to Earn More Only for Smart Seniors

Discover 20 practical ways to generate extra income in retirement without sacrificing your freedom or…

Read More →

How To Pay Your Taxes With Your Credit Card in 2022

The benefits of paying taxes with your credit card If you charge your taxes to…

Read More →

10 Things to Do for Bigger Social Security Checks

Discover 10 practical strategies to maximize your Social Security income, including delayed claiming, spousal coordination,…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.