I've mentioned our high cost of living in my area of the US before. My husband is approaching retirement in a couple of years. Lately we've discussed the possibility of moving to a part of the US with a lower cost of living for retirement, so our funds will last longer and go farther.
Our house has appreciated quite a bit in the last 29 years here. We could sell our house and have a nice sum leftover to enhance our retirement and be more generous in our giving. But here's the catch, we would likely be leaving some or all of our kids in our current area due to their choice.
So, less expensive housing, same size house and land, lower property taxes
vs
staying here where we're comfortable and have all of our kids nearby.
I know we're fortunate to have all of our kids right here. That's just not the case for many retirees. But I also think it would be nice to worry less about the cost of every last thing.
This is a big question to think about over a long period of time. So I'm asking if you ever considered moving away from family, friends, church, community for your retirement years? What were your considerations?
