Tips for Choosing Where to Retire

 
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If you are nearing retirement age, you might be thinking of making a drastic change, like moving out of your family home. It’s not uncommon to want to relocate for retirement, as you are starting a new phase of your life, and your home probably feels too big now that your kids are all moved out and have families of their own. The following tips will help you decide where is a good place for you to retire based on your personal preferences.

The Cost of Living

The factor most retirees take into consideration first is how much the cost of living is. Not only do you need to see how much it costs to live in the other locations you are considering, but think about the cost of moving as well. Moving tends to cost a lot of money, between the deposit when you move, paying for storage, moving expenses and other fees along the way. If you’re hiring movers, expect to pay around $1,000 or more, depending on how far you’re moving. Start by making a list of where you’re thinking of retiring and see how much homes cost for what you’re looking for, such as houses and apartments.

What Do You Enjoy?

This is an important question to ask yourself when determining where to move for your retirement. What you like to do during your free time makes a difference. If you enjoy golfing or fishing, you will want to find somewhere that offers these activities. If you like warm weather or the beach, coastal locations are going to be the thing to go for. Other interests might be anything from exciting nightlife to museums and art studios if the culture and arts are what interest you the most.

The Weather and Climate

If you’re thinking about making a drastic change, such as from the mountains to a coastal area, consider the change in weather and climate. Perhaps you currently live in Colorado where it snows the entire winter and want someplace that gets warmer, such as Miami or San Diego. This is definitely something to consider. But remember with certain types of weather and climates, you have to get used to the change, and many places are going to end up being more expensive.

Healthcare and Personal Needs

Finally, consider how much your needs are going to change after you relocate for retirement. Consider the fact that you may need to keep your current insurance and find doctors in this new location. You should never move for retirement without first making sure you can keep your healthcare in the new location. Some insurance carriers don’t have doctors or health care centers all over the country, so make sure you double-check first.

The last thing you might want to do is visiting the new location before you make the commitment. Stay for a couple weeks and see how you like it. It is a great way to try it out and see if it’s a right fit.