What Is Downsizing For Retirement? What Is Downsizing For Retirement In retirement terms, downsizing is the act of moving out of your current, larger home into something smaller and easier to manage, whether it's an apartment, retirement home, or simply a smaller house. As one gets older, mobility becomes more difficult, and large homes can become a burden. Additionally, as children grow up and move out, you're left with unused rooms and all of that extra space is unnecessary. WHAT DO YOU DO WITH THE UNWANTED HOUSEHOLD CONTENTS? In addition to selling your home, you'll be selling plenty of your possessions, too. When you're moving into a smaller space, you're not going to have enough room for everything that you currently own, namely a lot of household contents. Before you begin this lengthy process, you need to take stock of everything that you own and decide what you're taking with you, what you will give to family, friends and what to sell. This would be a gr...