According to statistics released by the US Census Bureau in 2016, only about 5% of retirees relocate.  While most of those retirees remained in the same city or state, some ventured to new states—even new countries—as a retirement lifestyle choice.


The reasons to move are many: to be close to children and grandchildren, warmer climates, even adventure are among the reasons retirees relocate. If you are considering a move after retiring, ask yourself these questions:


  • Am I moving for the right reasons? If the answer is that you are moving to be near family, will your family move away from your new location?
  • Will I be able to replace the social network I have in my current location? How much will I miss my friends, my community activities, my church?
  • Will there be a cost of living increase in my new location? Will taxes be higher? Can I afford the new location?
  • Will the community support my interests?
  • Will the medical care I will need in the future be readily available there?


It’s often exciting to think about an adventure to a new locale. But there is something comforting about familiarity—the same doctor and dentist, the same hairdresser, the same friends we’ve had for years. As you contemplate a move, be sure to honestly assess the costs – both psychological and financial – of a move. And consider renting a small home or apartment in your planned destination for a few months before making the move. You may find the locale perfect—or you may be happy to go home.

After you have typed in some text, hit ENTER to start searching...

Get more, keep more of the retirement income you’ve worked so hard to save with Income Strategy.