5. Selling your house and moving to another state
Moving to another place might be tempting, especially if your family is not in the same city as you. But on the other hand, is this a wise decision? Like other myths we’ve mentioned before, moving to another state where the living costs are lower compared to your hometown is pretty common among seniors.
Of course, for some people, this might be convenient and ideal, especially if this decision wasn’t rushed. Make sure you take your time to think about making this big step before it’s too late!
Do a little research regarding the place you want to move to and find out all the ups and downs of that specific state.
Make your retirement awesome!
4 Responses
I retired and my husband passed away three months later. He was self employed and did not believe in retirement planning. I am so happy that I did. Every point made in this article is true. I work two part time jobs and receive Social Security and retirement.
Everything in the article is true. I pray people aren’t so quick to stop working because they turned 65. You are going to need Social Security, pension and/ or another form of income depending on your financial situation. Remember, always take care of yourself.
Most of this does not apply to me e.g., I did retire when I wanted to, am living fine on my soc sec check (so, not working; thought I would work part-time), have plenty of time to myself (in spite of being grandma’s taxi service for 2 teens), etc.. I did wait until 72 to retire because I loved my job and was healthy enough to do so.
I’m one of those who were forced to retire to make way for the young. (Another myth… there’s no such thing as ageism.) Wanted 2 more years to pay off house and go out on my own terms. Oh well, that’s life!
Fortunately, we’re pretty good retirement-wise. SS, Pension & 401k & IRA. AND we will liquidate and move to smaller house down south.