Today I Learned...

Key Takeaways:
  • When evaluating a place to live, you should consider the climate, proximity to friends and family, nearby hospitals and social opportunities
  • There is no right or wrong place to retire, but there are many factors that influence a personÔÇÖs decision about where to live in their golden years
R

etirement can be a time of great joy and satisfaction, but it is also a time of uncertainty.

As you move through the golden years, you may be asking yourself: How will I spend my days? Where will I live? What will I do for fun? As with most questions that arise in life, there are no easy answers. However, there are some practical steps you can take to help ensure that your retirement years are as happy and fulfilling as possible.

In this article, we'll look at the factors you should consider when deciding where to live during retirement.

What's the housing situation?

The most important thing to look at when choosing a place to retire is the housing situation.

Where are you going to live? Can you afford it? How much house can you get for your money, and what kind of neighborhood do you want to live in?

The housing situation is a huge factor in where you choose to retire. If you're looking for a place that has a large, affordable housing market, then you might want to consider retiring in Florida or Arizona. These two states boast some of the lowest average property taxes in the country, meaning you'll get more bang for your buck when it comes to buying a home.

However, if you want more space and privacy, then consider retiring somewhere like Montana or Wyoming. These states have among the largest lots per capita in the country.

Are you close enough to family and friends?

When choosing a place to retire, it's important to consider whether or not you'll be able to see your family and friends regularly.

If you're in a place where everyone has moved away, or far away, then this may not be the best environment for you. If you have any siblings or children who live out of state, then being close may be important to you.

Decide what's best for you. If you do decide to move away, think about how close you are to the nearest airport. Discuss with your family about visitation and see what works for you and your family.

Is it walkable?

Another important factor to consider is whether or not the location is walkable.

If you've lived in an urban area for most of your life, you may not have given much thought to how much walking contributes to your health and happiness. But if you get a chance to try out a different lifestyle during retirement, it's worth thinking about how much time you spend on your feetÔÇöand whether or not that will be an enjoyable part of your days.

What's the weather like?

Think about the type of climate you want to live in. Do you want a warm place where you can walk around in shorts and flip-flops all year long? Or would you prefer a cold climate that keeps things interesting during the winter? Would family want to visit? These are some questions to consider.

What about medical care?

With a little research, you can find out what the options are for medical care in your area. The best source of information is your insurance company. They will be able to tell you if there are any nearby hospitals and what the doctors' credentials are.

Are there plenty of social possibilities?

Retirement is a time when you can become more involved in the community, so you need to make sure that there are plenty of opportunities for this. The best way to do this is by looking into local clubs and activities. If you want something more formal than joining a book club or volunteering at the library, look into recreational groups like bowling leagues and hiking clubs.

If youÔÇÖre interested in meeting people but donÔÇÖt have time to join a team, consider taking an exercise class instead! Many gyms offer classes on yoga, Zumba fitness, cycling and moreÔÇöand it will give you an excuse to get out of the house every day!

There are many factors to consider when choosing a place to retire.

It's important to remember that nobody can tell you where the perfect place to retire is. There are so many factors involved in choosing a location, and each person has their own set of priorities for what makes a good retirement spot. But hopefully this article has given you some ideas about what kinds of things might matter most when deciding where it's time to call it quits.

Read more on retirement:

Posted 
Oct 17, 2022
 in 
Lifestyle
 category

Classes by:

Bob Cohen

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