Longbridge Financial’s Chief Revenue and Marketing and Officer, Melissa Macerato, was recently featured in an article exploring what it really takes to retire without downsizing—and the answer may surprise you. Rather than focusing on a single “magic number,” the article highlights how long-term planning and understanding ongoing care and housing costs play a much bigger role in determining whether retirees can afford to stay in their homes in the long run.
Melissa shares how “underestimating property-related costs, not planning for major repairs, carrying excessive debt and withdrawing from retirement accounts too quickly” can lead to downsizing unexpectedly. She also emphasizes the importance of stress-testing retirement plans and preparing for costs that tend to increase over time—especially for those hoping to age in place comfortably for decades.
Read the full article to learn more.