Many older adults elect to relocate upon leaving the workforce for a variety of reasons. While some may be interested in moving to warmer areas, others may place an emphasis on the ability to stay socially active. Industry insiders have noticed a new trend emerging, as some older adults are moving to retirement communities that bring them closer to family members, according to The Boston Globe.
This shift in priorities has resulted in older adults moving away from traditional retirement havens such as Florida and Arizona. Today, seniors may be just as likely to move to Massachusetts retirement communities to increase their chances to spend time with grandchildren. Such was the case for Joanna and Roger Beam, who chose New England over Virginia and North Carolina so they could be close to their granddaughters, the Globe reports. Living full-time in the northern states may also save money.
"A lot of retirees I talk to in Florida love it for the benefits, but they go up north a lot to be with the grandkids," Jean Dorrell, president of Florida-based Senior Financial Security Inc., told AARP. "It's an added cost."
Of course, the choice to relocate after retirement requires more consideration than whether or not one will be close to his or her family. Perhaps most importantly, older adults should be sure to visit all the prospective retirement communities on their list. There are a variety of aspects to look at during a visit, including recreation opportunities, the social culture and whether the facilities offer any medical care.
There are also a few questions retirees should ask themselves before they commit to moving, according AARP. For example, they should look into the cost of living, which includes everything from property and pension taxes to food prices in their potential area.