Where should I live when I retire?
Do you thrive in a city with loads of cultural activities? Prefer nature to traffic and noise? Maybe you want to live closer to your children and grandchildren. Prioritizing how you plan to spend your time can help you zero in on the right location.
Research local resources
When you consider a new place, think about things like public transportation, quality health care, cost of living, weather forecasts and crime rates. Spending a good chunk of vacation time in your desired location or in a popular spot to retire is a good way to become familiar with the surroundings.
If you’re dreaming of moving to another country, understand that country’s laws and regulations for expats who live, work and buy or rent property.
Consider taking it down a notch
You may love your current community but hate shoveling snow or mowing the lawn. It could be that the house seems too big for your lifestyle, or you worry about affording it. Downsizing now can mean you have more money for travel, continuing education or starting a passion project. Compare your home equity to prices for condos, retirement communities and smaller single-family homes in the area where you plan to live.
Want to live happily ever after right where you are? That’s fine, but be practical. You’ll need to be sure your current space can adapt to your future needs. From widening doors or installing accessibility ramps, to finding home care or maintenance services, consult now with family, interior designers and health-care providers to make your place more senior-friendly.
One of the world's largest investment managers, we've helped investors succeed by remaining true to our values and approach. We believe in a distinctive way of managing money, an emphasis on research, a long-term view and the recognition of the power of relationships.
Capital Group offers a variety of investment options to help you pursue your objectives — including American Funds, one of the largest mutual fund families in the U.S.
Your financial professional can tell you more about American Funds. Or, you can purchase our funds yourself through an online broker.
Whether you are collaborating with a financial professional or figuring out your own finances, these questions can help get you started.
What are the tax implications of moving abroad?
Should I be making changes to my investments or retirement portfolio because of my plans?
Will I have sufficient funds to stay in my current home when I retire?
A financial professional can work with you to define your goals and create a plan to help make them a reality. From establishing a budget to selecting investments to riding out market shifts, an advisor can help you make decisions based on your specific situation.
Our locator tool can help you find professionals in your area.
Check the background of these investment professionals on FINRA’s BrokerCheck.