In a recent New York Times article, Ann Carrns highlights various aspects that soon-to-be retirees should consider in their search for a suitable retirement community. She emphasizes the fact that there is more to finding a good fit than local tax rates and general climate levels. Other important factors include compatibility with community values, availability of health care, senior-friendly social and cultural activities and good transportation.
Many of the recently retired couples that were interviewed in this article recommend others to start doing their research at least a few years in advance. Some suggest reading potentially helpful material such as town meeting notes; others encourage some sort of trial run, ranging from a few days in the local neighbourhood to a six-month initial rental period.
Posted by Elizabeth Cheung, Associate Editor, Wealth Strategies Journal.