US News lists 10 tips for selecting an ideal retirement spot as follows:
- Affordable housing
- Lower taxes
- Better weather
- Recreation and culture
- Job or volunteer opportunities
- Proximity to healthcare
- Convenient transportation
- Amenities for seniors
- Near family and friends
- Stay close to home
This is a pretty good list IMO. My additional thoughts:
- It's going to be hard for us to find a more affordable place to live than where we live now (especially one with better weather.) So I'm thinking if we could keep costs about the same and improve the weather situation, that's a big win. Then again, we might just stay in Michigan but head south in January and February, the heart of winter.
- I don't need much "culture" (as I'm sure many of you can tell, but I do want recreational opportunities available in retirement.
- Health care availability is one kink in the chain for retiring overseas -- many of the cheapest countries to live in have spotty health care.
- Where our kids settle is the big wild card. Will they be in the same city or thousands of miles apart? I don't want to move back to my hometown (too small) or my wife's (not a great location) so the "family" we're most likely to live by would be our kids. We'll see how that plan goes.
Anyone else feeling like there's a ba-zillion decisions to be made before and at retirement? And so many of them have to be made with not much (or changing) information. Seems like it could be a wild ride! ;-)