All About Retirement Living
Choosing the place in which you want to retire is not as simple as throwing a dart at a map of the U.S. (or even a foreign country). There are many factors to consider before you make that important decision about the best place for retirement living, beginning with what is important to you.
For many people, retirement means moving to a retirement-friendly location that’s based on a combination of climate, proximity to family, or lower cost of living. Decide what’s important to you—urban or rural, cost of housing, cost of living, proximity to or accessibility for family and friends, weather, community, access to recreational activities, and accessibility for domestic or international travel. Where in the world do you want to live, and can you afford to move there?
While you will probably have fewer expenses, you will most likely also be living on less income. And the old advice of planning to withdraw 4% of your assets every month during retirement has, honestly, not worked out that well for a lot of folks. When you have more time, you often find more things on which to spend your money! So, making sure you can afford your lifestyle in your designated retirement location is critical.
Sometimes, the best way to plan anything is to start with the end in mind. So, imagine a retirement that you look forward to—and that involves choosing the best place for you to retire.
To learn more about retirement living, read our articles covering every angle of this topic below. And if you want to learn more about planning your financial future, download One Simple Thing You Can Do to Worry Less About Retirement for FREE today! If you enjoy what you learn and would like to join our community of like-minded people like yourself who are planning their financial freedom, I recommend joining the Financial Freedom Federation Gold Club.