Downsizing the family home [#256]

Two million households are expected to consider downsizing in the next five years — but is it always the right move financially or emotionally?

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Catriona Graham, financial planner at Bridges Financial Services, to explore the costs, trade-offs and timing of downsizing, and what Australians should consider before making a move.

00:00 Introduction
01:19 What is downsizing?
02:56 Key benefits and motivations
04:38 Hidden costs and risks
05:50 Downsizer super contributions
07:50 Downsizing and the Age Pension
08:53 The importance of timing
10:33 Lifestyle options and retirement living
11:23 Final tips

#friendswithmoney #tomwatson #catrionagraham #downsizing

Podcast Links:
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
Listen on Spotify: https://spoti.fi/3fSPI2h
Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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