Retiring To The Beach Not The Norm Anymore
Fewer boomers expect to move to another state in retirement than two years ago, according to the survey. A sizeable 62% anticipate that their home in retirement will be in the same state (a major shift compared to 42% just two years ago).
Meyer’s take on this trend: With more people working part-time, starting new businesses or new careers, it’s not surprising that they want to stay connected to their current community.
We found many retirees staying put. They are choosing to bypass the flight to a warmer climate in favor of sticking close to their established network of family and friends. They’re cherry-picking flexible part-time, holiday, or seasonal jobs to boost income in retirement and keep them mentally engaged smack dab in their hometown. Although, they might still take a winter hiatus, they aren’t moving permanently.
But for that 40 percent of you who think you might want to move in retirement, a well-planned relocation decision can goose your financial outlook. That’s particularly true you can find a job-friendly town.