What Should I Consider When Moving after Retirement?

The decision on where to move after your retirement requires due diligence and a solid plan rather than simply “flying by the seat of your pants”. Will you take the steps necessary to ensure a happy retirement story for yourself?

In today’s episode of Your Money Minute with Tracy Stewart, CPA, I want to discuss ways that you can research your new home-to-be after retirement before making the big move.

Your safety is of the upmost importance. Before moving, you can utilize websites to look up the crime statistics for the areas you are considering.

Other points to research are the amenities that are important to you including social outlets, entertainment or access to healthcare.

If you are planning on supplementing your income for your retirement, you may want to go ahead and scour your soon-to-be local listings for job availabilities.

Even if you are active and independent today, consider the possibilities that you may not be ten years from now. Tasks like mowing your lawn, driving or going grocery shopping might be difficult for you. Go ahead and look up the access you would have to supermarkets, pharmacies or doctors in your new area. How is their public transportation?

Although thinking of these things may be difficult for you right now, it is better to have a plan worked out before you need it. Having a plan will give you the peace of mind and a solid goal to push toward.

You can use these websites in your research:

• AARP Livability Index

Financial independence is unbelievably liberating. Retirement leads to a lot of big decisions and where you plan to live should be taken very seriously.

Remember: You can subscribe to my YouTube channel for even more practical advice on making the most of your money and life in the next episode of Your Money Minute.