The years leading up to retirement are full of decisions. Will you replace your days at the office with traveling, volunteering or lying on the beach with a book? When should you start claiming Social Security? Do you want to pick up a part-time job? And here’s yet another important choice you’ll have to make: whether you’ll relocate and, if you do, where you’ll land.
If you’re contemplating a post-retirement move, you’re not alone. Roughly one-third of retirement savers don’t think it makes financial sense to stay put once they say goodbye to their job, and about one in six say they’ll be forced to relocate to a more affordable place, according to a recent survey from the Nationwide Retirement Institute. While costs are a critical factor, you’ll also need to think about access to quality health care and the availability of activities you love, just to name a couple of considerations.
