If you’re living in your dream home in an ideal climate near all your family and friends, great! If not, you may be considering a move. Before you break out the packing tape, consider the following five costs described in a recent US News & World Report article:
Before you decide, consider your “why.” If you’re only looking to shave a few thousand dollars off your annual property tax bill, moving may not make sense. But, if you want a real lifestyle change, the joy of choosing where to retire — and then going for it — may be worth more than the cost of getting there.
Source: “5 Expenses to Consider Before You Move in Retirement,” US News & World Report, June 2014.
Are you planning to retire in place or move in retirement? What do you hope to gain?