Skip to comments.7 reasons not to move when retiring....or to move
Posted on 01/23/2014 9:45:16 AM PST by rstrahan
. It might seem fun to move to a new place in retirement that has nice weather, more leisure activities or a significantly lower cost of living. But there are also many drawbacks of moving away from your friends, family and support system. Most people don't relocate in retirement, and those who do tend to move only very short distances. Just 6 percent of those age 60 and older changed residences between 2008 and 2012, and more than half of the people who traded places stayed within the same county, according to Census Bureau data. Here's why you may not be better off if you move to a new place in retirement:
(Excerpt) Read more at finance.yahoo.com ...
>>>> Just 6 percent of those age 60 and older changed residences between 2008 and 2012
2008 to 2012 time frame would be bad to based the article on.
Multiple ‘Recovery Summer’ notwithstanding .....
You’re comments are right on. The original article had all of the financial gravitas of most Yahoo! finance recommendations. :/
You are right about all of that. I sold my home of 20+ years and moved into a home that is smaller but paid for and much less in property taxes(14,000 vs 4800). In terms of memories you are right, those are right where they belong, in my soul. NO need to be attached to materials.
We left our families in Seattle in 2011 for central KY. Love it here, though I don’t see my 20-something daughters as often as I’d like, but their life is their life and mine is mine. Now, if they gave me grandchildren it would be much more difficult.
Stay away from those nice places! Those are strictly for the limousine liberals.
Retirement is the perfect time to escape from a LIB/DIM area to a more Conservative one. There is a real world and friendly people beyond the LIB/DIM-poisoned areas.
I escaped from NY in 2000 when I retired and relocated to the beautiful bayou state of Louisiana. I also left a blue state for a red state.
we won't move anytime soon...hubby just had a big shop built, and he himself built a very professional meat shop and walk in cooler inside the bigger shop.....then of course is that little nusense called a "job" which believe me, we are thankful for...
Well, we are now about 7 hours from our grandkids and moving here is what has allowed me to be able to build a shop in the first place. ;)
We’ve gone from the land of 6,000 square foot lots to a 32 acre farm with woods and a 100 year old 40x60 barn. I’ll be adding shops and other out buildings as time permits and need arises. We had to move out here to do it.
FYI If you’re in California and 55 or over.
You can sell your home and buy one for less and transfer your property taxes, if you move within or too one of the southern Cal coastal counties, ex: San Diego.
Propositions 60 and 90.
I live in Massachusetts.
Beat that one Emily.
retirement?? no money to retire.. I will work until I am forced to leave my position...at that point, I will most definately leave California, for affordable areas.
Your comments, plus hal ogen's, are right where my mind is. Hoping to retire in 10-12 years or so and move south...RED STATE is the #1 criteria, followed by climate, taxation, cost of living, etc. Have thought of South Carolina, Texas, Oklahoma, Tennessee, Georgia, Bama (but for some reason never Louisiana).
Would love to hear any thoughts on these or other states either by post or private message. Thanks!
If you don’t mind I would like to know what part of Louisiana.
Left Mexifornia for Arizona in 1994 and have never looked back!!!
Check out the home prices in Gonzales, La. Shocking!
Moving from Blue to Red is the only plan that makes sense, IMO, especially if you can get other associated benefits like tax relief in various forms. Just remember to leave any vestiges of Blue thinking behind when making the move and lose the following phrase from your lexicon: “Back in XX, we did it another way.” That’s probably why it sucks back in XX and why you wanted to move.
I lived my whole life in or around Kansas City but traveled full time the last decade. Have a vacation home at the Lake of the Ozarks (central Missouri), and have kept it.
However, work presented a chance to move to Arizona two years before retirement and we did it. Now my prinicple residence is in a state with lots of retired people and retirement amenities with wonderful weather. I still have a vacation place in Missouri to take a break from the July heat out here when I need a change of climate.
My nine grandkids are scattered across the east coast and upper great lakes so I was already 10 hour minimum away and if we want to get together where they can reach us in a ten to fifteen hour drive we can do it at the Lake.
My travel had broken a lot of my regular social circle already but I will have friends I will miss. I will be forced to make a lot of new freinds, but that isn’t a bad skill set to freshen up.
It will be in the mid fifties Friday evening after work, I will turn the spa heater on in my back yard before I climb in. In the move I bought big warm robes for trip back into the house. I think I am going to like retirement in 2015.
We’re having a short period of warmth in the northwest and the mountains, but don’t be fooled. This is the end of the solar maximum in this extended minimum.
3 to 9 years from now, we’re going to see cold that we’ve never seen before in the northwest and on the Rockies. Things are going to break. Heating will be extremely expensive. Propane will stop producing pressure for heating and generators, when temperatures drop to near -44, Fahrenheit. There will be many roads uncleared in winter, with layers of ice that vehicles will drive onto, then sink (government costs, equipment failures, overwhelming, extreme weather, high ice banks next to roads, quickly catching high drifts with every wind).
If you’re in the north or among the peaks, move. Find a place far enough south for warmth and continued life. Ignore real estate interests on weather patterns.
this would be my speed.
Can’t find a fault there!!!
My wife and I are at the point where our children are grown up and on their own and we plan to be moving to another part of the country later this year. Time to make new memories - not relive old ones! We are letting our children live their own lives.
Yes, we will still see them on holidays and vacations and that will be enough!
So true and now its even a survival issue. Who knows what is to come. Nothing good thats for sure.
Tucked up in a nice little retreat in the mountains with gardens, chickens and alternative electrical system beats family, friends and social services. When the SHTF our family will be at the front gate with their empty rice bag and their 100 LB dog. :-)
With jet travel today, you are no more than 5 hours away coast to coast in the lower 48.
Lafayette, heart of Cajun country, the nicest people on earth. Far enough away from the decadence of New Orleans and everybody’s polite.
Texas and Florida have no income tax. You can’t get more red than Texas, even with that saddle sore called Austin sittin on there butt.