Happy retired couple moving out of their home

Retirement Downsizing

Retirement can be a very complicated milestone in one’s life.

On one hand, it is the celebration of all your accomplishments. Your status of retirement is an impressive achievement marking the end of your hard work.

While this new chapter is supposed to be filled with extra time and well-deserved rest, it is very normal for this time in your life to be met with resistance and confliction.

Why is it so hard to retire?

Sure, the literal requirements for reaching this point in your life are no laughing matter. You worked long and hard to be able to hang up the towel and close this chapter of your life. In a way, retirement is a goal.

Many people spend years dreaming about the day when they no longer have to work and can focus on the personal aspects of their lives.

Why is it so hard to accept when this is a reality? Habits are hard to break.

It can be hard to let go, especially to a routine you had held on to for most of your life. It’s understandable that you might feel a bit lost with yourself at the beginning.

The reality is -retirement is what you make of it. It can be scary or painful at first. In time, if you learn to embrace it, you will find that you can accomplish more than ever.

 

The Perks of Retirement

Retirement truly marks the dawn of your “golden years.” Without having to worry about work responsibilities, your time is yours.

Eliminating work from your list of priorities lets you decide how you can spend your time.

You have a lot of options.

Loved Ones

They say that the best things in life are what money can’t buy. Now, instead of spending your days working, you have the time to focus on loved ones.

Whether you have a spouse, siblings, children, grandchildren, or friends -the personal connections you’ve made in your life deserve your attention.

Reconnecting with someone or strengthening the bonds you already have are some things you can look forward to.

With no work schedule to abide by, you can make plans or even go on trips with your loved ones on your own terms.

If you feel as though you are looking for a little more “purpose,” you can also consider adopting a pet. A lonely shelter dog or cat would be so grateful to have a new parent who has all the time in the world for them.

Living Dreams

For some people, finally having the time to get a pet is a dream. For others, it may be visiting a specific country or participating in a special experience.
What’s stopping you now? You can call up some other retired friends and book that trip to Paris for a week. You can go and visit the big ben or even go on a hiking trip.

Just because you are retired doesn’t mean you can’t indulge in adventure.

If you don’t know anyone who is able to go with you, try contacting some group travel companies which work specifically with retirees in mind.

This is a great way for you to achieve your dreams while making like-minded friends along the way.

Personal Growth

You don’t need to leave the country -or even your neighborhood to experience new things. Joining a new club or picking up a new hobby are ways for you to grow as a person.

While there are no limitations on what you can do, here are some fun and popular activities to spark some inspiration:

  • Painting
  • Writing
  • Bird-watching
  • Cooking
  • Biking
  • Hiking
  • Playing an instrument
  • Learning a new language
  • Sewing/ Knitting
  • Sketching
  • Embroidery
  • Reading

Turning a New Page

You can accomplish so much in your retirement when you learn to make the most of all your spare time. There are even ways for you to optimize this free time.

Aside from work, one of the biggest factors holding a person back is their home. By the time you are retired, that giant family home can be a real inconvenience.

It’s not that you don’t need a place to live, but you don’t need that big of a place to live anymore.

 

The Pros of Downsizing

Downsizing, as it is formally known, is the process of shrinking something. In terms of retirement, this usually refers to downsizing your home.

Large houses take a lot of time and money to maintain and secure. Cutting back on household expenses can help save money that you can spend on things that really matter. You can put the money towards a vacation, your family, or even just invest it in regular household expenses that were hard to manage on a fixed income.

 

What to do with Your Home

There any many different things you can do with your old home depending on what your preferences are. Consider the following:

  • Subleasing: If you want to keep your home but are looking to have a little company around the house, you can sublet your house. Renting out a portion of your home can be a great way to get some help with both the upkeep and home expenses without getting rid of your home.
  • Renting: If you are in a position to get a smaller place, but still want to maintain ownership of your home, you can consider renting the property out. The home can stay in the family and you can earn some extra money without having to worry about the upkeep.
  • Selling: If you don’t mind parting with your home, selling is the most financially prosperous decision. It would give you the most amount of cash up-front and eliminate upkeep. There are even services like Twin Cities that give you cash for your home in as little as 24 hours after contacting them.

There is no “perfect” guide to handling retirement. The important thing is that you do what is best for you on your own terms.

Remember, you are not alone. If you have any questions about selling your home or managing downsizing, there are always people looking to help you through every step of the way.

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