Where are you planning to retire?

[fryjack2]

Just curious  

[fryjack2]

Our dream plan is to split our time between NYC, a vacation home, and/or somewhere warm in the winter TBD on where that is.

H has no plans to retire so it will most likely be me deciding where to go that is not NYC from Nov-May and leave him behind.

Edited to be more realistic for HRH Queen Dick I, Dreamcrusher, the dream crusher.

[suzubell]

Most likely wherever our boys end up. I have good reason to believe they will travel as a pack, so we will follow them. I hope it is warm.

[HRH Queen Dick I, Dreamcrusher]

Feb 3, 2023 23:21:47 GMT -5 fryjack2 said:

Our plan is to split our time between NYC, our vacation home, and somewhere warm in the winter TBD on where that is.

Bro. Most people just have 1 home.

[rosiebear]

FFS.

[sameoldstory]

It never occurred to me to retire any where other than where I live right now. My entire family is within 1.5hrs. We just don’t go far from our home base. I assume my kids will settle locally as well and I want to be near them.

[mofongo]

My friends and family are here. It’s possible our best friends will move one day, and it’s possible we would follow, but nowhere super exciting lol, possibly somewhere in GA, TN or NC. My H is the only one with siblings, and they are older and in PR.

They are our family, but this would also depend on my mom’s situation as I am 100% an only child to a single mom. But, nothing extravagant planned!

ETA: My only reason for wanting to leave here is hurricanes. They are SO fucking stressful.
ETA2: and while we have a good income, we’re not setup to retire super early or anything lol. Maybe H can go part-time, down the road.

[loira]

We'll both have pensions and I still doubt we'll ever be able to fully retire. I just hope I can work until I die before needing an expensive care facility. We live in Canada's retirement capital so we'll probably stay here, but maybe we can cash in on our BC real estate and retire in balmy Regina.

[fryjack2]

Feb 3, 2023 23:37:08 GMT -5 HRH Queen Dick I, Dreamcrusher said:

Feb 3, 2023 23:21:47 GMT -5 fryjack2 said:

Our plan is to split our time between NYC, our vacation home, and somewhere warm in the winter TBD on where that is.

Bro. Most people just have 1 home.

I have one home right now.  Its negative 8 degrees outside as I type.  Let me dream of warm places and vacation homes. 

I said NYC and wherever I escape to for the cold months because I can't keep doing cold winters and H just plans to keep working and doesn't care about the weather here.  

[mofongo]

I’m lol at how much thought i put into this.

Also, whey you guys say ‘warm’ what does that mean to you?? B/c it seem to me a lot of people mean like Florida/beaches/etc, and that is SO far beyond just warm!

[fryjack2]

mofongo, warm means above 60. But not 100. And not Florida or Texas.

[mpm]

It depends where our kids/grandkids end up. I’m not going to move next door to them or anything but if both our kids settle on the other side of the country, we’d probably eventually follow. Only our jobs are tying us to our current city.

[babsbunny]

Feb 4, 2023 0:04:33 GMT -5 fryjack2 said:

mofongo , warm means above 60. But not 100. And not Florida or Texas.

LCOL and no income tax - goods reasons to not write them off yet. 

[k3am]

Feb 3, 2023 23:50:23 GMT -5 sameoldstory said:

It never occurred to me to retire any where other than where I live right now. My entire family is within 1.5hrs. We just don’t go far from our home base. I assume my kids will settle locally as well and I want to be near them.

I live in one of the highest COLA’s in America. “Starter” houses are $1MM+. There is basically zero chance my kids will be able to buy a house here. I’m working on brainwashing them to move somewhere more affordable within an hour or two of each other.

[mofongo]

Feb 4, 2023 0:04:33 GMT -5 fryjack2 said:

mofongo , warm means above 60. But not 100. And not Florida or Texas.

So, where? Lol, b/c I feel these places also get super cold!

[sonrisa]

I have no illusions that my retirement is going to be fancier than my life at this point. We are more likely to down scale to a small condo. And that is if all goes well and both kids can support themselves independently in adulthood. When I "dream big" that's my dream. 

[mysteriouswife]

Well this will depend on so many factors I can’t even begin to dream. I’m getting less and less confident DS will move out on his own. I suspect we will be caring for him until we are gone. Our retirement will likely be spent working so we can provide for DS after we are gone. We have discussed retiring in GA. We loved it there. I think there is a strong possibility we would follow DD too. I don’t want to burden her with her bother though. So I guess time will tell.

There is also a possibility I will inherit from a family member sooner rather than later. This will be a huge game changer. Retirement will look at lot different

[sdlaura]

We love where we live, but we’ll see where our four kids end up.

DH and I have lived across the country from our families for the last 15 years. After my parents retired, they sold the house I grew up in and bought a townhouse two miles from my sister’s house (an hour from where I grew up, so still near their old friends) and another smaller condo two miles from my house. Both are in retirement communities. They mostly live near my sister, but come out to stay here three months a year (one month at a time).

It’s amazing. My parents are so much more involved in our lives than my grandparents were. On the east coast, they bought a place large enough that my family can visit pretty comfortably, and they even have a 3-row car as one of their cars so that we don’t have to rent one when we visit. I’m so appreciative of how much they’ve made it easy for us to be together. We didn’t have much money growing up, but because of my dad’s good state government pension and waiting until 70 to draw social security, they’re pretty comfortable now.

DH and I don’t have pensions so we try to save a lot for retirement, but a lot of our future financial situation will depend on how long we both work and how things end up for our kids.

[firedancer10288]

We plan to sell our house and buy a small house/condo wherever DD settles (hopefully somewhere “warm”)

Then travel the continent in our camper.

[boiler717]

Plan is to have a house somewhere warm, vacation-destination type place (Hilton Head is our fave right now) and then a condo wherever our son ends up.

[stemmie]

For now, the plan is to stay where we are. We like where we live, have friends here and it just feels like home for us.

My parents moved to a resort area near OCMD and then started snow birding in cental FL. Watching them do this for almost 20 years before they were forced to move back to this area when dad's dementia worsened colors my thinking. My BIL also lives in a southern resort area and is currently fussing about all the people from NJ moving into his little community. He and his neighbors feel this influx of new folks is changing things there for the worse; I think he liked being a big fish in a small pond and these folks moving south can just outspend those who aren't moving from a HCOL area.

My parents had mixed success in creating a social network after their moves. The first place they moved was kind of mixed between permanent residents and weekly rentals which meant the neighbors were in vacation-mode and not as mindful of disturbing others with noise and cars blocking driveways and such. My cousin is semi-retired in MBSC; the condo next to her is a rental and she's had some issues with weekly tenants, too. My parents moved to a newer house in a more traditionally residential neighborhood which fixed the party house problem, but the neighbors were locals weren't particularly friendly. Their integration into the social world in FL was much better-- nobody was a local there and folks were very welcoming. They loved their time there. They did talk about moving to FL year-round until they had to stay there until early July once to complete some radiation treatment for dad's prostate cancer-- they could not handle the heat.

One issue we did have was continuity of medical care. The area around OC is not well-served and they had trouble with both keeping a PCP (they tended to leave the practice after 2-3 years) and getting to see specialists as needed. I ended up getting them a derm, neurologists (1 each) and ophthalmologist near me since these specialities either weren't available or were scheduling 6-9 months out. The docs in FL were mostly better, so they saw most of their specialists when down there.

They were OK financially moving back because they had 2 properties to sell, but they couldn't really afford to move back to a home comparable to the one sold to move not that they needed that much house.

[mrsukyankee]

It depends on what is happening in the world when we retire. It's at least 10-15 years away (for both of us), at this point, so who knows. Ideally, Spain or Portugal.

[basilosaurus]

I have friends who just retired and do far they've lived in Ecuador a couple years and now are moving to Japan a couple years. It is a very active retirement and inspirational. I'm at the age where most of my mil friends have retired or are close to it with full pension, but they're in their 40s. One couple "retired" in that they chose their forever home but transitioned to working for the airlines where they'll probably go until a second retirement.

[eddy]

I am open to the idea of moving closer to the kids when they are adults. Otherwise we will stay here.

Even if financially feasible I don’t see us owning a second home. I would rather have the freedom to travel. Maybe rent a place for a month by the ocean for a month in the winter.

[mpm]

sdlaura yes my parents got a condo in our city after they retired and are immensely helpful when they are here. At the height of covid my mom even moved in with us to do home preschool. I’d like to be able to pay forward the favor to our kids assuming they want/need it.

My mom has shared how difficult it was when my grandparents retired and moved from driving distance to a plane flight away, then always insisted my parents who had both limited vacation time and limited funds fly with young kids to visit them in Florida instead of my grandparents coming to see us. Then when my grandfather got Alzheimer’s taking care of him from a distance and then moving an elderly man with advanced dementia across country added a whole new level of difficulty. I know my parents plan to be permanently near one of their kids before they require more advanced aging care so as to not be that burden, and that’s also in the back of our minds for ourselves.

[underwaterrhymes]

I honestly have no idea. I fantasize about Uruguay or Portugal or Costa Rica but it really depends on where we are financially.(We won’t have two homes; we would just live there exclusively.)

H is finally vested with his pension and the longer he stays, the better off we are, but I simultaneously dream of retiring by 60 and also worry we won’t be able to until 70.

[Bad Dingo]

Is it weird that DH and I don't even have talks about fantasy retirement let alone real retirement?

We put as much as we are able into retirement but I think we both assume we'll be working forever. Hopefully my cancer will not return for 10 or 20 years but I assume I'll die "young".

OP, you should have clarified if this was dream retirement or reality 😂.

[aprilsails]

DH would love to be somewhere warmer, but I don’t see that happening unless the kids relocate and we follow. He also hates moving and vacationing and we’ve designed our current house so that we could live here for a very long time, we would just need to install a stair lift on our straight stairs.

I would like to have a cottage nearby (1-2 hours away). My grandparents and parents each have one now and I will likely be buying one.

[VillainV]

I retire from the military in about two years, and we’re not sure! We might stay where we are (NC), but a lot will depend on the health of our parents. A lot can happen in a few years. We’ll both still be working though, just hopefully at a slower pace, for probably another 20 years or so. After that, we have no idea. So much can change in the world, it almost doesn’t make sense to plan that far ahead.

[abs]

In a dream world we would move to a small condo and ideally in a different state. Somewhere you can be outside a lot of the year. I really, really don't like living in Texas. The summers are just brutal and like mofongo said the hurricanes are extremely stressful. Every summer DH and I start dreaming of an escape plan.

Realistically though I think we would only move to be closer to DD and only if she was okay with it. Even downsizing to a condo here in Houston would be very expensive compared to our current house that is almost paid off. There will be a point we won't want a second story though so this isn't our forever home. I just don't know what will be realistic yet. We will see. It's fun to dream though. I mostly just dream about the vacations we can take once DH is retired and we aren't restricted by a school schedule. That probably isn't anymore realistic but no one bust my bubble, lol.