When we get closer to retirement, it is a good idea to think about where we should live during our retirement. There are a lot of factors to consider when making our plans. You may wish to remain as close as possible to our immediate family members, or in the alternative, live someplace where your family members will enjoy coming for short visits rather than seeing them every day.
How Will Buying A Home vs. Renting Affect Your Cash Flow Picture?
What Is The Income Tax Burden Where You Plan To Move, Including Taxes On Social Security and Pension Income, Property Taxes, Sales Taxes, and/or Inheritance Taxes?
What Are The Weather Conditions Throughout The Year?
Availability Of Public Transportation?
Where Can You Continue To Do The Things You Currently Like To Do Or Expand On Your Hobbies And Activities?
For Those Who Wish To Work During Retirement To Supplement Their Income Or Maintain Work Place Relationships, What Are The Job Prospects For Seniors In The Areas You Are Considering?
I will be writing a series of articles in the future on each of the factors set forth above, and hope that you will continue to visit my blog site in order to put each factor into perspective as well as to make your own comments related to each discussion. For now, please think about how each of these factors would affect your decision and rank them in order of importance to you. You will then have a factual framework from which to make your determination on the best local and type of community in which you would like to spend your retirement.