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Financial Factors to Consider When Choosing a Retirement Location

September 8, 2018

From the U.S. News & World Report website

If you’re thinking about moving to a new area to kick-start your retirement, it’s wise to consider the costs involved. Retirement places like perennially popular Florida aren’t always best for your pocketbook.

In addition to the overall cost of living, there are many other financial details that can affect your spending habits in a new place. “It is important to first determine your retirement goals and objectives,” says Peter Basciano, associate profesor of finance at Augusta University. Then you can evaluate how your lifestyle in a new place will impact your budget.

Here are some of the main financial criteria to evaluate before relocating for retirement.

From → Finance

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