How Retirees Can Downsize In A Tough Market

Stepping Into Downsizing | How Retirees Can Downsize In Today's Housing Market | 3 Essential Money Hacks for 2024 Created for {EMAIL} | [Web Version]( January 11, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] - [Stepping Into Downsizing]( Homeownership is a cornerstone of the American Dream. After the kids have left home, many [choose to downsize]( to cut costs, reduce ongoing maintenance or to fund their new dreams. But [higher mortgage rates](, [increased housing prices]( and [low inventory]( have made the jump harder. Kiplinger’s senior personal finance editor, Sandy Block, gives a thorough rundown of how to successfully manage downsizing in an unfriendly market. - Donna LeValley, personal finance writer [Is your money working hard enough?]( It should be! Learn how Betterment’s automated investing and savings technology can make your money hustle, while you don't [LEARN MORE]( ADVERTISEMENT [Advertisement] [] TOP STORY [] [How Retirees Can Downsize In Today's Housing Market]( [How Retirees Can Downsize In Today's Housing Market]( (Getty Images) Rising prices, higher interest rates and a tight supply of smaller homes present challenges. For many reasons, if you’re a retiree you have an edge in this market. You can use the proceeds of your home sale to make a cash offer and avoid high mortgage rates. And without the constraints of a commute or school-age children, you can expand your search area. [Find out more about how to downsize in a tough housing market](. [] WAYS TO SAVE [] [3 Essential Money Hacks for 2024]( [3 Essential Money Hacks for 2024]( (Getty Images) The beginning of a [new year]( is the perfect time to look at how you can adjust your spending habits and budget better to save money. If, like me, your New Year’s resolution is to be more mindful of your spending and saving, CFP Shane W. Cummings has [three simple steps to set you up for a year of success](. [Prepare For Retirement Using a Dividend Growth Investment Strategy]( Generate $2,000 a month in dividends with a private REIT, specializing in industrial properties. This fund offers a path to create passive income using dividends and compound interest. With 250k at 10% APY discover how to yield $2000/month to help you reach your financial goals. [READ MORE]( ADVERTISEMENT [] BUYING A CAR [] [Save on a Cadillac with the Costco Auto Program]( [Save on a Cadillac with the Costco Auto Program]( (Getty Images) Costco comes through again and has a deal for its members if they purchase or lease certain Cadillac cars. Costco has even trained salespeople, at the participating dealerships, to make the deal run more smoothly. [Read on to learn how much you can save with this deal and which model cars are included](. [Minimize Your Tax Burden with Vanguard]( Vanguard Personal Advisor can provide advice on choosing accounts with tax benefits, buying investments that are prone to a lower tax bite, and making strategic moves before year-end to help cut your tax bill. [Start the conversation today]( Paid non-client promotion [LEARN MORE]( ADVERTISEMENT [] ALSO ON KIPLINGER [] - [3 Social Security changes]( to know in 2024 - 2024's social media and [smartphone trends]( - To [achieve financial stability](, start with small steps - Apple starts [iPhone “throttling” compensation payout]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](concat('mailto:',$brief_feedback_email)) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036