Retirement: Your Last Residence
I think many retirees think about where they want to spend those years. Some decide to stay where they are. Some want a different climate. Some want to be closer to family. Some are tired of maintaining a house and property. Some want lower taxes, and a lower cost of living. All good reasons to dream about living somewhere else.
Many retirees either have parents in their final years, or have already had to deal with deceased parent estates. Those final years can be mentally and physically difficult. More than once I've wondered what my wife and I are going to do so our son doesn't have so much to deal with.
I thought these recent articles on living in a continuing care situation, or aging in place at home, might be interesting to some of you.
There was another article about the cost of living in various areas. The author added a side note that they thought New York City was an excellent place to retire. I had a hard time swallowing that premise, but the author shared some cost information that was interesting. One source of his data was the following website.
Housing and Transportation Cost Index
