The NY Times reports that, according to a report this year from Better Homes and Gardens Real Estate, 57 percent of baby boomers say they plan to move to a new home in retirement. When asked which type of community they were likely to choose, 39 percent said a small town, like Chapel Hill, or a rural community. The next choice was a 55-and-older community (27 percent), followed by a metropolitan city (26 percent); 8 percent picked “lifestyle” communities (such as ones for active retirees, planned around golf courses).
Almost one-third of those canvassed plan to spend retirement in a different state from the one in which they currently live.
Deciding where to move entails some careful planning, perhaps compromising with a partner, and setting priorities. No place is perfect.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.