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For many people, retirement means picking up and moving somewhere else. No longer held down by a job or the responsibilities of raising a family, you can go wherever your heart desires. Often times, this means moving to an area with a lower cost of living, nice weather and ample opportunities to indulge in your passions. If changing locations is part of your vision for retirement, here are some tips for picking your new home.
The cost of living is almost so obvious it is not worth mentioning, but because it is so important, how could it not be included on a list of tips for picking a retirement destination? There are many factors you need to consider when it comes to the financial aspects of your choice. How much money do you have to last the rest of your life between pensions, savings, 401ks and IRA’s? Will you be expanding your nest egg with the sale of your home? In the same vein, what about taxes? Did you know that some states do not have income tax at all, or some jus tax income from dividends and interest? Several states have no sales tax. Some states may offer special tax breaks for senior citizens when it comes to property or other types of taxes. If finances are a big concern, you may want to start looking at houses for sale in Louisville KY;the state was recently voted on of the top five places to retire, with cost factoring in as a major component of the rankings.
Now that you are no longer tied to a job, you have the time to go away for a few week or a few months without having to clear it with anyone first. Instead of just picking a place and packing up your things,consider trying out a few spots for a bit to get a clearer picture of what it would be like to live there. There are plenty of ways to find short-term rentals in your preferred areas. A website such as AirBNB can put you in touch with thousands of people looking to rent out fully furnished houses and apartments anywhere from one day to several months or longer. It will be fun to be somewhat nomadic for a bit, and you will be able to make a decision with greater confidence.
You just retired, are ready to embrace your new life and feel better than you did when you were 20. But, as you get older, your needs and desires will likely change. You may not like thinking about the days when you can no longer drive, have more serious health problems or are no longer fully independent. But, for most people, this is a reality they must contend with.
When considering your new location, do not just think about now, but the future as well. Is there ample public transportation or amenities within a reasonable walking distance from your home? Are there services available for seniors that help them with the activities of daily living? Are there quality assisted living facilities or nursing homes nearby? If you have a specific health problem that may need more attention down the line, are there specialists in the area that can treat you?
About the Author:Kelli Cooper is a freelance writer who blogs about a variety of issues related to retirement and senior living.
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