Find Your Dream Retirement Property
Figure out where you should hang up your hat.
You’ve been looking forward to your retirement, and now that it’s on the horizon, it’s time to decide where to enjoy that work-free time. You can help narrow down potential locations by considering what kind of lifestyle you’ll want to maintain, or your future cost of living. For instance, a planned living community can have a monthly rate of $1,500 to $6,000, but that fee may also cover meals, recreation and other services.1
You may also want to consider how much money and time you’ll want to spend on home maintenance. Weigh the pros and cons: Some retirees prefer having complete control over their home, while others would rather have it taken care of for them. Independently owning a house in an affordable area may be more financially reasonable than living in a retirement community with built-in activities and amenities. However, if you live in a region that experiences all four seasons, you’ll also need to make sure your house is prepared.
Before you leave the workforce and move to your dream home, take these steps for financial peace of mind.
- What Does It Cost?, Where You Live Matters, 2019.
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