Not Sure Where to Retire?
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Retirement
is not what it used to be, and it tends to last
longer than it once did. Today, if you
retire at age 55, you may eventually be retired
for a longer period than you spent in the
workforce. And more and baby boomers
are planning to move to a new home
for retirement, a place
where they can enjoy life in ways they never
could before, whether it
be in a waterfront
community, in a golf Mecca or in a mountain
retreat. Where should you spend your
next fifty years?
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Not Sure Where to Retire?
We'll Show You Where!
Each week we bring you the
best places for great weather, plentiful recreation, lower
living expenses, top medical facilities, reasonable housing
costs and great quality of life. We also look at senior
services, safety, transportation, taxes and more!
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Some Places are
Well-Known - Others are Well-Kept Secrets!
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Many Have Living Costs Below the
National Average
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We Showcase Small Towns,
Waterfront Villages, Mountain Communities, Exciting
Cities and More
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at Home Gazette - For
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Top
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communities per week - short and sweet
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Great
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Don't miss our extensive archives of previously published
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Why Do Retirees Buy Second Homes?
- October, 2008
Just when many people are thinking of retiring and
planning to simply their lives, others are planning to buy a second
home. Why? For many retirees, a second home can offer a
way to stay in a comfortable and familiar neighborhood and at the same
time offer an opportunity to start out on a new adventure in a new
home in a new destination. Winters may be spent with current
family and friends while summers many be enjoyed in a warmer climate
with new-found friends.
Of course, supporting two homes
can be a financial burden, particularly if one, usually the new one,
is in a resort town. Anyone considering buying a second
home ought to try renting one first, just to test the waters to see if
hopping between two residences is as glamorous as it sounds. If
it seems a plausible idea, then renting out the second home to
partially cover the mortgage is a way to keep costs down, although
being a long-distance landlord also has drawbacks. Generally,
second homes will add to the cost of retirement but may be worth the
cost for the chance to enjoy the best of two destinations.
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