You’ve done it. You’ve put in your time and now retirement is on the horizon. Planning for retirement means making a lot of decisions both financially and lifestyle wise. 64% of retirees either have moved or plan to move. Ready to begin planning? Here are a few tips to help you on your way.
http://charlotteskitchendiary.com/tag/river-cottage/ Location…Location…Location – Any smart buyer knows that location is paramount, but as a retiree (or soon to be) your priorities are probably a bit different than they once were. Commute time and school districts probably no longer have a place in your mind. Now you’re probably thinking more along the lines of “do I want to be close to family or health care resources?” Where do you see yourself spending the rest of your days – at the beach, in the mountains or somewhere you’ll never see snow again? Make a list of all of the things you want in a home location, so you can start your search off right.
http://charlotteskitchendiary.com/2015/03/30/a-foodie-guide-more-belfast/feed/ Don’t Delay – If you have the means and ability, don’t wait until you’re forced to make a move. Do it while you’re still able to enjoy the heck out of wherever you’ve decided to retire. You deserve it!
Get Professional Financial Advice – Retirement is a great accomplishment, but it also means that you’ll be living on a fixed income (unless you won the lottery and then that’s a whole different topic of discussion!) It’s important to protect your finances and buying a home, as always, is a major financial investment. A professional financial planner can help you understand what size mortgage is right for you, so you can enjoy your dream home for years to come.
Look to the Future – Chances are, this will be the last home purchase you make. Therefore, it is important to look more than just the home itself and with the mindset of “when I’m 80 will I still want to be here?” What is the community like? Will you feel better in a gated community later on? Is there easy access to health care, shopping or other things you enjoy doing? Do you want to be in a retirement community? What type of home do you want – single family, town house, condo? Remember, just because you love yard work today, will you still love it tomorrow?
Focus on the Must Haves – Make a list of the must-have features and those you would like your retirement home to have. Again, look into the future. Ten years from now will you regret the 2nd floor master you’ve just seen? And for that matter, do you really need a 3rd floor man cave? Is that huge lawn really something you want to maintain into your 80’s?Chances are your list of must haves will differ from what you’ve wanted and required in the past.
ACCORDING TO WALLETHUB, RALEIGH IS THE #19 BEST PLACE TO RETIRE IN THE COUNTRY!!