There’s a lot to
consider before you make a big move in retirement to be near your adult child.
Ask these questions first. What role do I want to play in my child’s life?
Discuss this with your son or daughter.
Would I really like to live in
the area my child has chosen? Try doing a trial run for a month or so and
find out all you can about the area.
How do I want to spend my time? You
cannot depend on your adult children for your social life. Look into hobbies,
volunteering, travel, and make sure you have a plan.
What if I have a health
scare? And what if my child needs to relocate after I’ve moved? You’ll want
to see about health coverage and doctors in your child’s area. Will you be able
to get to the clinic or hospital, is transportation an issue or not? What will
you do if your child moves? Is it a possibility? It’s also important to look
into the “financial” impact of a move. Do a cost-of-living comparison. Explore
differences in state and local taxes. They might vary widely from what you
currently pay.
Find out about local resources for retirees. A good
place to start your research is by checking the state’s department of aging
site. It will likely have information about regional Area Agencies on Aging as
well as local community centers. And talk with your financial person about the feasibility
with your finances, if the move will be doable.
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