5 Questions to Ask Yourself When Choosing Where to Retire

Are you facing retirement soon? Are you trying to decide between staying near family or choosing real estate in Central Florida, or elsewhere? Should you sell the home you are currently in to give yourself some freedom? You have a lot to consider when it comes to making a decision. The five questions below are great ones to ponder if you are considering a move.

First, how far are you willing to move?

Making a move of any kind is both exciting and challenging for any person, especially those past the age of retirement. It is important to consider just how far you are willing to move. Are you ready for a big change?

Second, where have you always wanted to live?

What’s your dream? Is the Florida sunshine where you have always wanted to spend your retirement? Or do you love the changing seasons? Do you want a home by the ocean? Or is a golf community the priority? How do you want to spend your days?

Third, how close do you want to be to your loved ones?

If you decide to make a long distance move, it might mean having a substantial distance between you and some of your loved ones. This can be refreshing! But it can also be a challenge. Are you willing to put distance between yourself and your children or grandchildren? Would you like to divide your year and live in two places?

Fourth, how much money are you able to spend?

Once you have decided where you want to live, it is time to determine just how much you can afford to spend. This needs to be decided before you can start to find a place to live. Work on your budget and determine just how much you will be able to use toward this move and toward your future home. If you are moving away from family, remember to include money in your budget for going back to visit them.

Fifth, do you want to own or rent?

This is something that needs to be considered carefully. When you move, do you want to get into a condo or apartment, or would you rather own a little home of your own? Do you want the responsibility and freedom of a home, or do you want to relax in a maintenance-free place?

Take your time to answer these questions, decide where to retire. Then take the leap and make every day count wherever you are!