We’re 3 years into a 30 year mortgage (which we do hope to pay off early) so we haven’t contemplated a retirement move yet. Hopefully go back to nyc or similar city, and do a lot of traveling.
Oh, I'd LOVE to l live by David in my old age, but I'm totally that mom. If he doesn't want us around, of course I won't push myself on him and his possible wife, and I definitely wouldn't get a house next door. But it would be lovely if it worked out that way.
Post by SusanBAnthony on Feb 5, 2023 19:06:31 GMT -5
I say I want to live near my kids because we had no parents living near us and I would have killed for help with the kids when they were little. And because my son may need help (he's disabled and TBD how independent he will be).
If they move somewhere crappy, well, no promises haha.
H and I disagree. He wants to go abroad (Portugal is his top choice). We have three kids and I'd like to live near at least one, whoever has kids and wants help (as long as they don't live somewhere terrible). He might come around. We talk all the time about how we wish our parents lived closer now that we have kids, and I'd like to be able to do that for ours (if they want it)
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.
There is no way that I would willingly live in Florida with its current government fuckery. If its not continuing in 25 years, maybe I'll reconsider.
mofongo, I don't know. I was hoping this thread would give me ideas I did one of those retirement survey things a few years ago that have you rank what is important to you ( oceans, mountains, airport distance, medical care, etc.) and I got NYC (lol), San Fran, and some places in the Carolinas.
Our kids don't have grandparents that are really involved in our kids' lives (even though one set lives 2 miles away), and that has been a source of a lot of sadness and disappointment for me and H. We both feel strongly about being actively involved in our grandkids' lives. I just hope our two kids live relatively near one another, or that we could feasibly split time between the two.
H plans to retire within 5 years and I plan to do so in 10 years.
We plan to stay in CA, but I don't know if that means staying in our current house or downsizing and moving closer to the coast or somewhere with better walkability. The kids will be in their early 20s by then, so we'll wait to see where they truly settle before making any decisions on moving elsewhere.
Post by maudefindlay on Feb 6, 2023 5:51:40 GMT -5
DH plans to retire in 10 years (I'm a SAHM). We will snowbird, but haven't decided where yet. We currently co-own a vacation home with DH's siblings, but we all plan to sell it before retirement. With 3 kids they could end up all over. DH and I would love to help with grandkids and will do so if our help is wanted, but I plan to make sure our kids know they aren't then tied to a location with us there. I want them to feel free and not guilty to move if opportunities open up for them elsewhere.
I would not necessarily move next door to my kids, but if they both settle on the west coast I would like to retire somewhere that is not a full day travel each way to see them, which it would be if we stay in PA.
Truth be told, I can't see my H retiring OR moving away from this area, although he talks a big game. So time will tell.
We have 20+ years, so a million things could change.
Post by themoneytree on Feb 6, 2023 8:56:00 GMT -5
We absolutely love our small(ish) town. It’s walkable, historic and pretty with lots of restaurants, a small independent movie theatre and several museums all within walking distance. I think we will want to stay here. Probably in this house as long as we can comfortably afford the upkeep. If it’s too tight we would downsize into a smaller place. We would like to have a home base the kids can come back to and fit comfortably with a partner and a kid or two if that’s what they want (not to live but for holidays and vacation). We could make that work in this house so another reason to age in place here if possible.
We also want to be away for January and February at least. Not sure where but I love the idea of traveling during those months somewhere warm. I don’t think we would want a fixed place to go. We’d like the variety of different options. I have had some health issues the past couple of years, so my hope is that we are healthy enough to travel further afield for the winter. I love south east Asia and would love to spend time there. Australia, New Zealand. Those kind of places. But we really need to be healthy to do that. Our oldest is off to college this fall, but youngest is only 10. I don’t know if we’ll retire before she goes to college or right as she goes. We’ll have to see.
LOL, it is expensive here. But I do think if we think about climate change, CT is probably going to end up being a good state to be in. Friday and Saturday really had me wanting to be down south though.
As of right now, my H and I have no plans to move upon retirement, assuming we can actually afford to retire. I'm guessing costs are going to drive us out of CT, but we still have more than 20 years to go so we haven't really discussed it.
We'd prefer warmer but still have at least three seasons. We travel a lot in the US to see if there is a place that stands out for retirement location (Charleston or Asheville so far are my favorites). H would love Florida weather but hates Florida for a lot of reasons, so who knows.
Part of me would love to spend a few years overseas. I lived overseas for awhile in HS and loved it and would love to give it another go as an adult. Maybe Spain or Portugal or Ireland (but not warm, lol).
We don't want to be too far from DD but I don't necessarily want to *follow* her. And I doubt we'll stay in our current area because it's expensive, has a lot of traffic, and I don't think I'll have any family to keep me here for more than another 10 years (mom is getting older, sister/BIL will move south).
We're childfree and will retire from full-time work early (like in a few years-- eek). I plan to continue working part-time/contract hours, but I'm fully remote so I can do that from anywhere. We'd love to stay in our house for as long as possible, but with the steep stairs it will depend on our mobility. I do not want to move somewhere warm, lol. If anything, I'd want to move north where we'd get more snow, and maybe to a more walkable area.
Have no clue at all. Haven’t really thought about it.
this … it’s not on my radar given DD’s issues. I don’t own, don’t foresee myself owning anytime soon (VHCOL). J and I will be in the Bay Area the next 7y minimum (that’s when his son graduates from HS). A lot is contingent on what J’s cancer does.
We often say that the lack of extreme weather is the best thing About Ohio. Our home has a 1st floor bed/bath so I can see is keeping this house forever (will be paid off in about 7 years) and then renting places for 2-3 months/year for warmer weather, exploration, travel and fun.)
That is, assuming no major heath or life events that will prevent retirement. Anything’s possible…
Hoping to snowbird. I really like Sarasota, FL so maybe there...plenty to do with the beaches, they have a big arts scene, great dining and healthcare options. I don't know that we would buy something. I think I would rather do short term rentals so we have freedom to go different places...that is what one of my aunts does, she goes to FL in the winter and it works out well for her. Another aunt has a place in Bonetia Springs, FL they go to for 7-8 months but they never travel anywhere else because I'm guessing they are tied down with the second home.
I have three kids and hope they stick around the same area so we can be close to them too but we will see! I'm sure we will sell our house and downsize too.
I have not thought that far ahead. Probably no where. Who knows? I don't think we plan to necessarily move near the kids because they would probably be in different locations anyway. Our town is a place where a lot of people like and choose to move back to after college, so maybe one will stay in the area.
Post by bookqueen15 on Feb 6, 2023 12:16:55 GMT -5
I haven't really given it a lot of thought but I think we'll end up snowbirding somewhere, possibly Florida since we'll likely still have a lot of family there. I would like to be near my kids especially if they have kids, for at least part of the year if they want us around that is! I think we'll probably sell our current house and get something smaller with no stairs at some point after our kids graduate HS.
Post by tarzanswife on Feb 6, 2023 12:29:31 GMT -5
Where we live now. I recently moved my mom into a retirement condo (55+) that is fully paid for. Once she is gone DH and I will take it over and it will become our home. It is free and clear and we know we can cover the HOA with our Social Security. We then plan to do some traveling and go visit our grandkids, wherever they may be.
We’ll move wherever our daughter ends up and I hope it’s somewhere warmer. If it’s not, maybe we’ll end up traveling during the winter. We are older parents, so we’ll have a lot of freedom at that point. My husband will be retired when she’s 14 and I will still work but can do it from anywhere.
Post by amandakisser on Feb 6, 2023 12:48:01 GMT -5
I haven't seen anyone mention my plan: I'd love to sell my home (I have a LOT of equity in this house...that alone is double my current loan amount) and purchase a decent-sized RV. I plan on living in that for a year or two - however long it takes me to travel the country in it. I'll stay at campsites around the US and just stay at each one as long as I'd like. So if I really like an area in, say, Utah, I'll stay there longer vs. a place in Arkansas or West Virginia, etc. It will be a great way to visit all fifty states (or at least the 48 contingent) while not having to worry about a mortgage or exorbitant travel costs.
I also don't plan on fully retiring - I work remotely, and I also have my real estate license. I can contract, consult, or otherwise work part time from literally anywhere, and can sell a house or two here and there for extra cash. I just know soooo many people whose quality of life and health declined dramatically once they stopped working.
Most likely here in mn. Our friends and immediate family are here. Nether of us grew up with a lot of family money, so at this point we'll just be grateful to retire
H's dream would be to live in a tiny cabin in the woods when he retires. Which is essentially the exact opposite of my dream. So who the hell knows?
LOL this is my H's dream too. He's thinking Montana or Wyoming. We joke that we'll just Face-time each other all winter while I'm at my beach condo somewhere in Central America.
In reality we'll probably never leave MA. Which is fine with me, I just want to be able to travel a lot.
ETA: he's also obsessed with buying a camper van when we retire and traveling all over the US. I'm indulging his fantasy at the moment but in reality while this sounds cool, I think the glamor will wear off quickly.
My fantasy is to retire to a little lake home somewhere in VT or NH. Preferably our child will live within driving distance and still want us nearby, but I do not think that would change our plans if he lived far away. Maybe? I have not taken that into consideration, honestly. We have just always wanted lakefront property on one of the lakes in our region.
Post by hannahgruen on Feb 6, 2023 16:07:10 GMT -5
Our dream retirement would be New Zealand. Our reality is that we're going to stay where we are. We love our house, and our neighborhood, so there's no reason to leave.
We plan to retire in Italy. We don’t have kids and are currently in the process of getting dual citizenship. We’re only 38, but we do want to retire early. Our plans may change, but that’s where we’re at right now. We live in SoCal right now so thankfully most places will be cheaper than here so that’s a plus.