We always planned on somewhere in Latin America, but now I think we will just spend a couple of months there every year. We moved to Asheville a few years ago. I love it here and never want to leave.
We actually have thought a lot about what we’ll do when we’re older, but not in terms of retirement. I’ll only be 43 when Ollie graduates hs, so nowhere near retirement- we’ll still be in our house for a while and we can set it up for extended stays from grandkids (if we’re lucky enough to have some).
Eventually we’ll have to sell because it’s four floors and that’s a lot of steps, so we do plan on being in a condo at some point, but still no plans on leaving Philly. I would love to winter somewhere every year but something pretty drastic would have to change for that to be a reality, lol.
Eh TBD. H wants to be somewhere warm but I won’t go somewhere red, with big bugs, and brutally hot in summer. So we’ll most likely stay here and have a vacation home. In my head we’ll live in a cape on several acres in Bucks county and the first floor will be where we stay with the second being set up for the kids/guests.
I mostly want solace and quiet. An active adult community or busy city is my worst nightmare.
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.
See you there! That's basically our plan, though it will be 20+ years (we are only 40 so 60 is best case scenario and we are not yet on track for that). We don't live near family as it is and have no kids, so we would like to move out of the US, especially if we do retire before Medicare kicks in. Family is all over the damn world so there isn't really even an option to move close to them at any point.
We like where we are now but the COL is high, so cost is a factor. Europe will put us closer to a lot of travel we want to do, too. I've always wanted to experience living abroad but don't realistically anticipate that happening before retirement (though who knows... We do talk about it sometimes)
Post by thebreakfastclub on Feb 4, 2023 8:36:53 GMT -5
We already live in a different state than most of our family. I don't feel a strong pull to live near my future adult child, but who knows. I'd like to retire to somewhere warmer but keep it small to have liquid funds.
Post by MixedBerryJam on Feb 4, 2023 8:37:33 GMT -5
When my son was going to start graduate school at a university near our house we did the empty nest thing but in reverse. I moved to DC where I rented for a year to see if I liked it (spoiler I loved it) before I bought and he lived in our house. He paid me rent on the house equivalent to my rent here in DC. Mid-pandemic I bought my current place, and when my kid took a LoA from his program I sold the house. Now I’m here for good (another son lives about an hour away) but if I end up with grandchildren across the country I’ll relocate.
Post by expectantsteelerfan on Feb 4, 2023 8:54:05 GMT -5
The only discussions we've had about this so far have been 'do you think we'd keep this house forever even after the kids are grown and move out and it's just the 2 of us, or do you think we'd downsize into something smaller/more manageable?'
We have no plans and no plan yet to MAKE a plan anytime soon because even that discussion didn't go well because we are on different pages so far and so much is up in the air. We'll have to see what happens in the future. Who knows what our kids will do, where they will go, what we will want?
We plan to stay here. I can’t imagine leaving family and friends, especially if our kids stay local. Our connections are more important to me than the location or weather. We have talked about getting a vacation home though.
I'm tied to where I am or the southeast until I retire (if I'm with the same company, and I don't do cold-cold-snow.) There is a chance family members and I might have a condo in a vacation spot that stays warm year round by the time I retire. I might "winter" there or rent a house with friends for 2-3 months/year if I have the $$. It really depends on a lot of things. I don't have my heart settled on one place other than that it doesn't snow in the winter & must be affordable for my retirement income. Heat doesn't bother me.
My parents have been snowbirds for years so I’ve been able to see what works for them and what doesn’t. While I like some aspects about their setup, I don’t like that they don’t really travel anywhere else because they’re already paying for the second place so feel they can’t justify it.
I like the idea of going somewhere warm and beachy for the coldest months of the year, so I think I’d like to rent a place for a couple months each year, but have it be different places instead of the same one every year. Ideally I’d also like to add in renting a cottage for a month during the summer in, say, Muskoka area.
Post by steamboat185 on Feb 4, 2023 9:11:40 GMT -5
Not sure. We should be done in the next few years, but the the kids will be in school for another 10ish years and then maybe college. In my dream life I’d love to move everyone to Steamboat, but houses start at 1 million sooo…. Once we are older who knows.
Edit posted too fast both my parents and IL’s are snowbirds and I’m not sure I want that lifestyle. I could see us renting in new spots for a while, but that will depend on a lot of factors including money and politics.
We haven’t thought a lot about it because I don’t think retiring will ever be financially feasible for us. I honestly don’t see myself ever leaving our house.
If I were to go somewhere, it would be a snowier location than coastal NJ. The heat of a NJ summer kills me, so there’s no chance in hell I’d move further south than here.
And with H’s health issues already in his early 40s, I don’t know what the future could hold. We talk more about what to do when the kids are out of the house.
I would like to live somewhere with more nature around me, but that often comes with work that I might not be able to do.
Well I am happiest in the mountains and would love to get out of IL someday and move to CO if I could ever afford it. Honestly, I hope to move before I retire. H and I don't have kids and can work remotely; we would be looking to move to another state now but my parents and grandmother still live in IL, and in two years when my parents retire, they are moving down to be by us with my grandmother. I want to stay here and spend time with all of them while I have them in my life.
Post by SusanBAnthony on Feb 4, 2023 9:29:50 GMT -5
All I know for sure is that it will involve being somewhere warm for 1-2 months during winter.
We will likely move near our kids and get a condo at some point.
DS may need support forever which complicates things.
The one other thing I'm 100% committed to is moving out of my SFH and into some kind of senior friendly situation before I absolutely must. I won't make my kids deal with that.
Am I the only one that wants to move somewhere colder? LOL. I live 40 mins from NOLA and I hate the heat. HATE IT. Summer/hurricane season puts me into anxiety/depression overload to where I feel trapped in my house with the heat. All of our friends are in NOLA and we only live way out in the burbs because of DH's job, so I could see us moving closer since we hate our city now (very deep red). Depends on where the kids are.
My plan is for us to retire whenever we are Medicare eligible- whether that's 65 or later in the future. Maybe I'll just plan for all of our travel to happen from July through September.
Post by Velar Fricative on Feb 4, 2023 9:45:24 GMT -5
My dream is to live in Manhattan for retirement. Doesn’t matter that I’ve lived my whole life in and around NYC. I miss apartment living and it is really beneficial for older people.
If money doesn’t allow me to do this, I’d probably move to upstate NY. I really don’t want to leave the state and I hate the heat. I don’t expect NY to turn into FL during my lifetime re: climate change.
I don’t see my kids venturing too far out of the northeast either so I’m hoping we can stick to this plan.
Post by starburst604 on Feb 4, 2023 9:47:08 GMT -5
We definitely talk about doing winters somewhere warmer, maybe SC or FL. I think our plans will largely. depend on what DD is doing with her life and so forth. We have one kid and I want us to always be close if possible, both emotionally and geographically. H claims he will be lucky to make it to 70 so if that’s true, my backup plan is to live Golden Girls style with some of my besties. Happy hour and shuffleboard till we die.
If my boys end up living somewhere near each other, we hope to live within a couple of hours of them. (Ideal would be an hour. Easy enough to get together fairly frequently, but far enough that everyone can still have their space.) If they live in two different areas, then we will likely continue to live wherever they graduated HS so they still have a feeling of “home”…even though it might be different than where we live now.
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.
See you there! That's basically our plan, though it will be 20+ years (we are only 40 so 60 is best case scenario and we are not yet on track for that). We don't live near family as it is and have no kids, so we would like to move out of the US, especially if we do retire before Medicare kicks in. Family is all over the damn world so there isn't really even an option to move close to them at any point.
We like where we are now but the COL is high, so cost is a factor. Europe will put us closer to a lot of travel we want to do, too. I've always wanted to experience living abroad but don't realistically anticipate that happening before retirement (though who knows... We do talk about it sometimes)
FYI Thailand (and many countries) have retirement visas. I knew many people in Thailand on one. You have to be 50 and have a certain amount of money, but it's within reach of many, and the country is cheap. Malaysia has a 2nd home visa similar to retirement that you also have to be I believe 50 to qualify. It's even cheaper here. My rent, for a big nice place, is under $300/mo. I'd be fine with much smaller, but this was what was available with a decent sized kitchen.
Just in case you hadn't considered SE Asia. I highly recommend.