There are both pros and cons to moving away after you retire. The first pro is very simple, you can move to a cheaper city and save money. You also can move into a smaller home to help you cut costs. Some cons to moving after you retire is that you may miss some of your family and friends that you left behind. It’s also difficult to leave a place that you’ve lived in for years, as you could get homesick. If you are going to move after retiring, you need to be 100% confident in your decision.
Key Takeaways:
- There are various benefits and disadvantages that should be taken into account, when considering moving after retirement.
- Without the attachment of children or a job, moving after retirement is easier. It can be to move near family, or to a cheaper area.
- Leaving a home you lived in for years can cause regret. Both you and your partner should be like-minded and in agreement before moving.
“As a rule of thumb, inland areas are likely to be less expensive than coastal areas as far as house prices and rents are concerned.”
Read more: https://www.themovingblog.com/pros-and-cons-of-moving-after-retirement/