Top Considerations for Retirement Living

Life has been good and you’re ready to move on to the next chapter. That chapter means exploring your retirement living options, including quite possibly relocating to a new home. With a change in the offing, you’ll want to consider your options, including the following choices.

  1. Stay Put. Your home is a familiar place for you and one that you’ve enjoyed for many years, perhaps decades. It may also be the place your grown children still call home and a location your grandchildren have come to appreciate.

Making a move isn’t an option for you or at least not something you want to explore right now. Perhaps when you’re 75 or 80 or when mobility issues come in.

Staying put may mean getting assistance to do a few things you used to do yourself, such as tending the lawn, painting the house, maintaining the upper rooms. Here, contracting with companies and individuals may be the best way to ensure your home is kept up and others are doing the work you no longer want to do or cannot accomplish yourself.

  1. Stay Put, But With a Housemate. If you’re all alone, then living alone may not be the best thing for you. Perhaps you have some health concerns and the prospect of living by yourself has your children worried and you a little bit concerned. In this case, welcoming someone to share your home may be a viable solution.

Who would you consider as a house mate? A relative such as a brother or a sister or a cousin is one option. In this case, you have a familiar face and someone with whom you know their comings and goings.

Another option is to welcome a friend. This may be a person who is as close to you as a sibling, an individual you wouldn’t mind sharing your space with. Beyond that, a perfect stranger is an option, but it isn’t something to seriously consider unless others know this individual and you have a good feel for the relationship.

  1. Move Nearby. You enjoy your town, are well known in the community, and have a social life that is composed of church, clubs, and other activities. Moving away just doesn’t cut it for you!

In this case, you’ll want to explore the many different living options nearby. With your house sold, you’ll have one big care removed. At the same time you may decide an apartment or a townhouse is right for you or senior living.

This can also be a very good time to meet with your financial advisor. This professional can go over the tax ramifications of selling your home, investment strategies, and work on a budget to encompass your next phase in life. At the same time, you’ll want to carefully review multiple places to live and choose one based on your needs and desires.

  1. Move Away. Perhaps your ties to the community are not so strong, at least not anymore. People you know may have died or moved away. Almost suddenly, your community isn’t the same one you once knew and loved. if that’s the case, then moving away becomes more appealing.

Where will you live? Oftentimes, elderly parents decide to live near or with a grown child. If you value your independence, then that move will be close enough to be in touch, but not under the same roof. If you decide to live with a child, you’ll want to verify that all parties concerned, i.e. spouse and children, are fine with that. Take nothing for granted here: if you’re not comfortable with an option, you need to say so.

Another option is to live in the area where your retired friends now live. That may be a shore community or a retirement village. If the community has an appeal for you, then explore that option. It may be far from your current town, but it also may have the promise of being your home away from home. In other words, your new community.

Moving Considerations

Moving to a new community or staying put are decisions not to be taken lightly. But making a move on your own terms means you have the ultimate say. If you wait too long, health or financial issues may overrule your desires, making it difficult for you to embrace change.

When you’re ready to move, consult with a moving company to make those arrangements advises the North American Moving Company. Even a local move is a big deal, one that movers can handle just as competently as a nationwide relocation.