ready to retire

Whoever said that our choices during our teen years would make the greatest impact on our lives clearly had not yet made it into their 60s. As retirement age approaches so do the decisions every retiree must carefully make, including where to settle. Will you choose the home near your favorite coast or the one near your newest grandchild?

Location

Chances are you have a basic idea of where you want to retire. If you have lived up north for an extended amount of time, you may want to fl y south. On the other hand, you may love the mountains and the changing of seasons. Use these ideas as a point of reference when thinking about where you would like to make your new home.

If it’s within your means, take a vacation and visit a few prospective locations to find one you love. Try out the activities they have to o er, eat at a few restaurants and immerse yourself in the local culture.

O ering their advice to seniors, experts say to seek an area with a population of at least 10,000. A more populated city or town is likely to have nearby amenities, including shopping, eateries and medical facilities. In addition, a retirement destination with public transit is extremely valuable for retirees who no longer drive.

Safety

Prior to moving, call the local police department for a report detailing crime within the last 12 months. This report serves as a glimpse into the habits of your potential neighbors and fellow citizens.

Cost

For most of us, money will always be the leading factor in our decisions. Take into account the cost of living in your chosen area. Some states o er tax breaks for retirees, while others have a lower cost of living or lower property taxes in general.

Of course, if you love where you are, then stay! You may consider downsizing or moving to an apartment or condo if you’d prefer maintenance-free living.