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Finance OS: Approaching Retirement

The Meaningful Money Personal Finance Podcast

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How to Plan for a Downsize Event

The reason is you can't eat a house. It's true. I've tried. Yeah, it's pretty liquid. It needs to be sold to be spendable money or an equity release mortgage, but that's a last resort, really. You sell some place for 600,000 to buy another one for 350. Great. That's caught in an inquest that's going to be released. And people listening and saying, hold on, what about my property? We've not included my property in this. Well, the reason is we occasionally will put in a downsize event where they say, well, look, we're not going to need to live in this house forever."

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