10,000. That’s how many Baby Boomers will retire every day through 2030, according to a Pew Research Study. For some, it’s the beginning of new adventures. For others, it’s time to downsize and figure out what’s next. And for most people, it’s time to downsize. And yes – I’m in that mode right now.
One of the most difficult things for people who are preparing for retirement is to downsize incrementally, yet it can be the most cleansing part of the process of moving forward. Here are a few tips to consider:
Baby steps for Baby Boomers.
You don’t need to tackle everything at once. Pick small projects each month. Go through one shelf in a closet or one file cabinet drawer. Label three bins (Keep, Toss and Donate). If you choose to keep something, make sure it’s something you really need moving forward. Then Toss and Donate the other items the same week (so you don’t have time to change your mind).
One thing to keep in mind is that most children and grandchildren don’t have space for all your treasures. Have conversations with them before you downsize about whether or not there are items in your home they might cherish. And don’t hold it against them if they don’t want your great-grandmother’s teapot.
When it’s time to replace home furnishings, start to consider the need to downsize in a few years. Think ahead to what makes sense in the next five to eight years.
Instead of a 70” flatscreen television, consider instead a 40” TV Mirror
– which is both a smart, flatscreen television and a beautiful mirror. Something that will work well in any environment for years to come should be the first thing to check off your list when you shop.
Downsizing doesn’t have to consume you – it can be very cleansing and satisfying. If you’re in your early 60s, it’s not too early to lessen your load and prepare for the wonders yet to come.