Where Will You Live?
Two of the biggest questions when thinking about retirement are When to retire, and where to live.
When to retire – on those days when your boss is driving you crazy or a client is being particularly difficult, do you start to daydream about retiring? If you do, what do you think about? Sitting on a beach with a drink with an umbrella in it? Playing with the grandkids? Travelling to those places on your bucket list? Starting your own business? Playing Pickleball? Taking weightlifting classes? Volunteering at that women’s shelter you have wanted to for so long?
Whatever comes to mind, open a file on your computer and start making notes.
When you think of retiring, do you know whether you can afford to? Or when you can afford to?
If you already have a financial planner, then it is time to talk to them, but perhaps you are not even sure what questions to ask or how to choose a financial professional to help you identify when you can in fact afford to retire. It could be that just a couple more years of work than you have been thinking can make a huge difference in your future outlook.
Although having your finances in order is a major step in planning your retirement, it is only the start.
There is much more to be considered, such as
What do you want to do when you retire?
Do you plan to do paid work when you retire? Do you have a specific kind of work you want to do? Do you want to start a business?
At least as important is knowing what you definitely do not want to do when you retire
With life expectancy now common to live into our 80’s 90’s and beyond, if you plan to retire at age 65, you could be looking at 30 more years to consider. That’s a nice long time to plan for.
Where to retire
With technology bringing us closer together, the world opens up to us. Many people thinking about retirement are considering where to live that is somewhere new. A different part of the country, or perhaps a different country all together. A house, an apartment, even living full time in a trailer and roaming around. There are many websites that will give you the 5, 10 or 20 best places to retire. There are many factors to consider: cost, lifestyle, weather, language, proximity to friends and family, ease of travel, etc.
Here’s a few places to begin your exploration:
Where to Retire Magazine - https://www.wheretoretire.com/publications.cfm
This site gives you books and reports to give you insight into places to retire
Retirable - https://retirable.com/advice/lifestyle/30-best-places-to-retire-in-the-united-states
This breaks it down into different parts of the U.S.
World Economic Forum - https://www.weforum.org/agenda/2022/02/best-places-to-retire-list/
Looking for international destinations? Try this resource
The Balance - https://www.thebalance.com/where-should-i-retire-2894254
This website will give you some good questions to answer as you consider where to live
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When you are ready to tackle questions like when and where to retire, there are ways we can help. We have Feisty & Fearless Over Fifty Circles and Personal, one-on-one coaching.
With membership in Feisty & Fearless Over Fifty Circles, and with Personal Coaching you will
Identify just what you want your retirement to look like
Relief from the uncertainty of retirement
Effective tools and information to move forward
Questions that may seem intense, and will bring forth transformative answers
Tasks to take on between each session to help you achieve the results you are looking for
Build a life of joy, fulfillment and satisfaction
A roadmap for Living the Good Life
If you would like to find out more and set up a free, initial call, send me an email at pfield@coach4women.com
