Downsizing during retirement can be a good move, but don’t expect to double your nest egg. Homeowners planning to downsize need to consider total homeownership costs, their lifestyle in retirement and other significant expenses that will need to be covered.

Amy Brocious, a financial planner with Heritage Financial Consultants and a registered representative of Lincoln Financial Advisors, frequently works with retirees and near-retirees planning to downsize to help them determine if they will have enough money to last throughout retirement.

She was recently quoted by Baltimore Magazine about when individuals should begin retirement planning, what to consider if they plan to sell their house, and the biggest expenses they will face. There are many choices for housing in retirement so it’s important to look over, or have a professional help you look over, how each type of living situation would impact your retirement savings.

Read Amy’s full article in the April 2017 edition of Baltimore Magazine on newsstands now.

If you’re interested in learning more about retirement planning, contact Amy here.

Amy Brocious is a registered representative of Lincoln Financial Advisors. Securities and investment advisory services office through Lincoln Financial Advisors, a broker-dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.