Forbes’ recent article asks, “Where Will You Live In Retirement?” The answer? There’s no one right answer, when it comes to where to retire. It’s going to be totally up to you. However, make sure that you put in some serious thought, discussion and preparation. If you are married, there’s going to be more than one opinion that matters.
There are several important considerations in deciding where to live. One of the most critical is your finances. Try to understand how much you should be allocating to housing. If you have some equity in your current home, that could play a part in your future financial viability. You should also consider how you want to spend your time in the next few decades of your life, such as traveling or continuing to work and staying active in your community. This will have an effect on where you may want to stay geographically, or whether you downsize.
Where you family is located, is also a factor. Many seniors like to be close to their grandkids. Some also like the active 55+ communities in warm weather climates. However, if you choose this option, be sure do a thorough check before you make a commitment.
Speaking of warm weather, if you move somewhere for the climate, check out the destination in all seasons for an extended length of time.
Another important factor in making a move is friendship. The relationships you have and those you choose to develop, will be helpful in any change of residences.
If you’re considering a move, don’t delay. You should move while you’re still healthy and able to weather the change and enjoy your new home.
Reference: Forbes (July 30, 2018) “Where Will You Live In Retirement?”