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Not Sure Where to Retire?

 

Find out by signing up for our two free weekly newsletters Great Retirement Spots and Great Retirement Communities!  Each week we profile a top destination and retirement community, covering cost-of-living, housing, health care, recreation, amenities, climate, transportation, volunteer opportunities, senior services and more!   There is no obligation, and you may opt out at any time.  We will not sell your information to anyone, ever, and we will only send you the newsletters you choose to receive.

Retirement is not what it was in your parents' day, and the chances are good that you will be retired longer than they were.  If you retire at age 55, you may also eventually be retired for a longer period than you spent in the workforce.   With all this extra time, many pre-retirees are seeking a new home for retirement, a place where they can enjoy life in new ways, whether it be in a waterfront community, in a golf Mecca or in a mountain retreat.  Where should you spend your next forty years?

 

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Each Week, We Look at the Best Towns and Cities for Retirement

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Some Destinations are Well-Known  -  Others are Well-Kept Secrets! 

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  • Work at Home Gazette - New! (For those seeking income during retirement, weekly profile of a different, legitimate income opportunity each week)\\

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  • Great Real Estate Abroad Report - New! (Profiles residential real estate properties abroad each week - Europe, Central America, Mexico, Australia and more)

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-Great Retirement Spots Newsletter - Delivered 4 Times per Month
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Why Do Retirees Buy Second Homes? - October, 2008

Just when many people are thinking of retiring and planning to simply their lives, others are planning to buy a second home.  Why?  For many retirees, a second home can offer a way to stay in a comfortable and familiar neighborhood and at the same time offer an opportunity to start out on a new adventure in a new home in a new destination.  Winters may be spent with current family and friends while summers many be enjoyed in a warmer climate with new-found friends.   

Of course, supporting two homes can be a financial burden, particularly if one, usually the new one, is in a resort town.   Anyone considering buying a second home ought to try renting one first, just to test the waters to see if hopping between two residences is as glamorous as it sounds.  If it seems a plausible idea, then renting out the second home to partially cover the mortgage is a way to keep costs down, although being a long-distance landlord also has drawbacks.  Generally, second homes will add to the cost of retirement but may be worth the cost for the chance to enjoy the best of two destinations.

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