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How to Prepare to Move to Your Retirement Destination

10/13/2022

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Many people decide that they would like to relocate when they finally retire. But the process of moving your whole life to a new destination can feel overwhelming and complicated to many people. Luckily, there are many things you can do to prepare in advance so the move itself is easy and comfortable, no matter how far you are traveling.

Weigh Your Options

Since before you move to your retirement location you have to have one in mind, it is important that you look at all your options. You should think about what different destinations have to offer and how they fit with your lifestyle. Things like the climate, cost of living, and available activities can all impact whether a locale will be a good fit. You should also consider whether you want to have a private home or live in a retirement community that provides amenities. There is no wrong answer, it just depends on your needs and preferences for your retirement years.

Put Your Home on the Market

Next, you will need to make arrangements for your current home. If you are renting, this is as simple as ending your contract, but if you own your home, you will likely need to sell it. The process of selling a home can be complicated, but it can also give you some extra financial room for your retirement. A big part of this process is figuring out who you would like to sell your home to. If you sell to a cash buyer, repairs are optional.

Make Plans with Loved Ones

Whether you are moving further away from or closer to loved ones during retirement, it’s important to talk about it. Figuring out how you will continue to see and spend time with your loved ones during retirement is important. If you are moving close to family, you should talk about boundaries and how you each want to be involved in each other’s lives. If you are moving away from family members, you should talk about your upcoming visits and how you will stay in contact while you are apart. This can make the transition much easier for everyone.

Your retirement destination should be a place that makes you excited for your future. You can take your time to make plans that help you to feel supported and happy as you move and after you arrive at your new home. That way you know that you have everything taken care of as you go through a major transition.

Check out this article on moves to make before rates rise further!

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    Author

    My name is Dan Hopwood and I first started my career in the insurance business back in 1988.  2024 will be the start of my 36th year in the business. 

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