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How to decide your Retirement Location

February 2nd, 2012 admin No comments

Retirement is a major phase of a person’s life, since it is the last biggest change one can have in his life. People these days have begun to plan their retirement, way before the actual occasion, as no body wants any kind of tensions and head aches at the time when things can be really chaotic.

In present times, no person wants to remain dependent on his or her children, and wants to be able to fend for themselves after retirement, and most people prefer to relocate after their working age, so that they can live a peaceful and changed life with a new location. And this relocation depends on several factors. Take a look.

Some factors on which an individual decides, where to locate post retirement are:

Lifestyle-
A major portion of your decision lies on the kind of lifestyle you have lived your entire life, and what you are expecting now. Whether you want to maintain it or change it according to your preferences, you can decide the new location on that basis.

Money-
What is the pension that a person is getting after retirement, and how big a part of it can he contribute in relocation, in adjusting the requirements of that place, or in the average cost of living of that place . These factors help in deciding what kind of a place you’d like to locate to.

Health-
Old age affects your decisions a lot, taking in consideration your health needs. No matter how healthy and ailment free you have lived your life, but at the post retirement age, you just cannot take chances. So what kind of a climate will suit your health, mountains or plains, proximity and accessibility of health centers, all these factors are equally important.

Preferences-
Some of us have a love for nature, while others prefer the coastal breeze; depending on the kind of atmosphere you like, you can think your new area of location, as being at a vulnerable age where even smallest of the things can make you sad or happy, you yourself need to think about your happiness.

Recreations-
Some people never age at heart, no matter whether they are 65 or 75, and even at that age they want to keep going with life’s adventures, and even learning or trying things that they have wanted. Some people may have a liking for arts and aesthetics, books, old monuments, parks, or sports, and hence depending on all these factors as well, you can choose your new place.

Accessibility-
For elderly people , it is very important to check that the place they want to relocate has all the required essentials at a close proximity. If you and your partner, are planning to locate yourself alone, then you need to keep close to airports, bus terminals or other modes so that in case of need or to meet your children you can easily commute. Even essentials like markets, groceries, and so on, also need to be considered.

If you will keep an account of all these things, you would be a smart post retirement buyer of property, and would spend your days leisurely at your new location, in a blissful and comfortable state.

Figuring Out What Retirement Locations You Prefer?

September 3rd, 2011 admin No comments

There are a lot of questions you will have to answer by your last day of work. You will have to set up pay outs from your investment portfolio, adjust your lifestyle, and maybe even plan a long vacation to celebrate. Another major issue that might come up along the way is where you’ll live. You may have taken it for granted you’d be staying put, but there are all sorts of attractive retirement locations out there. Would you prefer to continue living in your current home? Do you have an itch to explore somewhere else with your newfound free time? Here are four factors you must consider when thinking about where to spend your golden years:

Proximity to Family and Friends
Have your children stayed close to home? Do you meet regularly with a close-knit social group? Deciding to pick up and go somewhere else will affect your ability to see them, obviously. Coordinating travel for holidays can be expensive and time consuming, but advancements in Internet technology have made it much easier to connect using video in real time. Of course, if you’re at the head of one of the quickly-growing number of families that’s spread out across the country, chances are you are already taking advantage of it.

Big City or Small Town
After spending a lifetime in one place, you might feel like partaking in a different kind of cultural experience. Perhaps the hustle and bustle of a major metropolitan area has left you yearning for some peace and quiet in a more rural area. Maybe you’re in the mood for the opposite: touring museums and seeing plays in a cosmopolitan city instead of the routine calm in a peaceful town. Be aware of the differences in property taxes and housing costs. Some states have lower property taxes than others and, in larger population centers, the law of supply and demand leads to higher prices. If you opt to leap into a larger pond, make sure your retirement planning has prepared you appropriately for the financial differences.

Employment Opportunities
If there’s a chance you would like to keep working part-time, it might benefit you to do some research about the job market for retirees. As Baby Boomers near retirement age, there is bound to be a shortage of workers, so you might find a part-time position available to supplement your income and keep you socially active. That said, you might find a means to build up a business out of your home wherever you go – the Internet has led to a wide range of possibilities for those willing to put forth the effort.

Quality of Healthcare Facilities
When you’re sick – or if you have a condition requiring specialized care – you want to make sure you can get access to the best services possible. As you weigh the different options you are bound to come across, consider the availability of top-notch medical staff in the area. Though it may be appealing to become an expatriate living near the beach in Costa Rica, it might be a challenge to get access to prescription medications in a timely manner.

Retirement Locations in USA

January 5th, 2011 admin No comments

When you are about to retire, it is not only a break from the regular grind of work but also an option for you to plan things for yourself.  You could get back to all the activities that had taken a back seat in your life due to work and other professional commitments.  Changing locations is something that you might also get involved. Many people choose a specific location keeping in mind their work and office. If you intend to remain in the US or you decide to relocate to an altogether new country, you know you need to find what’s best for you, for this you need to have your Retirement Planning done. If you have been stationed in USA, and have stayed in areas like Tornado Alley and Rust Belt due to work, then you can consider moving to some other location when you retire. Retirement locations in USA are many and cater to all requirements.

Choosing Retirement Locations in USA

If you are in USA, choosing a certain location for retirement might be based on low cost living, recreational scopes, scenic beauty or better climatic conditions.  If throughout your entire work life you had to reside in a place that had high cost of living, which is why you want to consider a low cost living, there are several places to choose. The small towns in America would have a lot to offer you. Depending on your family size, you can opt for a one to three bedroom accommodation in these areas. Places that rank high on the charts are Tenn., Chattanooga, Fla, and Cocoa.

Cherishing a Simple Life

Most people when they retire want to lead a hassle free simple life. They want to focus on their hobbies and passions like skiing, fishing or perhaps getting involved in community services.  In USA, you sure can get yourself an affordable accommodation in a reasonably priced area and carry forth your plans. One place that you might consider as a Retirement Location in USA is the Montpelier, Vt. Other places that you may also consider are Greenville, S.C., Iowa, Utah, Logan,
Ames, Tucson, and Ariz.

Finding an Idle Retirement Location

June 17th, 2009 admin No comments


Are you retired and looking for a proper place to live in these post retirement period? Retirement is perhaps one of the happiest periods in our lives. It is a break from the daily mundane job related stress. Retirement provides you the scope to experience leisure to the fullest. And to enhance this leisure period, you need to find your ideal retirement friendly state.

First things first, you need to find the right state where the tax rates are low. High rate of taxes will take a toll on your funds. States such as Texas, Washington, Wyoming, Nevada, South Dakota, Tennessee and New Hampshire do not charge any kind of income taxes. The cost of real estate is also pretty low in these areas. This really helps the retirees as they need to depend on fixed sources of income. The states of Illinois, Pennsylvania and Mississippi do not charge any type of income on your pensions. This is a great deal for the aged as their pension amount is not deducted.

Social Security benefits are also important considerations that retirees should look into. There are a number of states in the US where you can enjoy various types of Social Security benefits.

If you have good amount of real estate holdings or property, you may be liable to property taxes. You need to have an idea of the various property taxes while finding you retirement state or location. Try to stay in places which have low property taxes as you need not shed more money.

If you keep these factors in mind, you can easily find your suitable retirement location and enjoy living your post retirement period.