do you plan to retire where you currently live?

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do you plan to retire where you currently live?


  • Total voters
    32

snoopy7548

Diamond Member
Jan 1, 2005
8,126
5,151
146
I'm shooting for an early retirement, but I will likely stay around this area. Certainly not staying in this house.
 

ondma

Platinum Member
Mar 18, 2018
2,999
1,520
136
Just retired. I have family here (MN), so will most likely stay around.
Otherwise, I would definitely move to a state with a better climate, lower cost of living, and more retirement friendly tax policy.
 

Greenman

Lifer
Oct 15, 1999
20,938
5,562
136
Nah, I'm going to move someplace that doesn't currently support my life style, bitch loudly about its inadequacies, demand government services for myself, never tip, and bitch about taxes.
I've never much cared for your politics, but I'd really like to buy you a beer someday.
 

PowerEngineer

Diamond Member
Oct 22, 2001
3,566
736
136
If you would prefer to retire somewhere else then perhaps you should look into moving there right now. It may be that there are compelling work-related reasons for staying put, but suggest that evaluating your options will be a worthwhile exercise.

This is especially true for anyone thinking about moving overseas to places like New Zealand and Australia. You are much more likely to be accepted if you have needed skills and a significant fraction of your working years still ahead of you. They are understandably less enthusiastic about adding retirees who will only burden their socialized health care systems.

Of course, who knows how policies might change due to COVID19... 😷
 
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alcoholbob

Diamond Member
May 24, 2005
6,308
355
126
We are planning to own some kind of property in the Caribbean. Probably Aruba or Grand Cayman. I'd probably prefer Grand Cayman because of the diving but it's really expensive there. Not sure if we will move their permanently but will definitely spend months at a time down there.

Or if we stay in the continental US we'd move down to the middle Keys.

Don't you have to worry about hurricanes? I feel like living in a place that's safe from natural disasters is important in retirement.
 

JEDIYoda

Lifer
Jul 13, 2005
33,986
3,320
126
Since I have retired I have spent the majority of my time exploring the world on my Gulfstream G550!! But that is ok! I have a fantastic private chef who is amazing!
 

pmv

Lifer
May 30, 2008
13,636
8,522
136
When I was much younger I imagined I'd spend retirement traveling all over the world. Basically repeat the same trips I was doing when young, but better-funded. But since then, slowly-increasing health problems have made it clear to me I'm not going to be doing as much in retirement as I once imagined.

Plus everyone old has long-since moved out of my home city (it's now effectively, statistically, a boomer-free zone) and I kind of like the idea of being the sole grumpy old git left in the entire city, able to roll my eyes at the comparative ignorance of all the young people around me and bang on constantly to everyone about how i remember when any given neighborhood was once completely different in some way from how it is now (all fields, or Entirely Gujurati or Polish-speaking, or full of rubble from being bombed by the Luftwaffe, or when it had shops other than estate agents and branches of Starbucks).
 

Greenman

Lifer
Oct 15, 1999
20,938
5,562
136
If you would prefer to retire somewhere else then perhaps you should look into moving there right now. It may be that there are compelling work-related reasons for staying put, but suggest that evaluating your options will be a worthwhile exercise.

This is especially true for anyone thinking about moving overseas to places like New Zealand and Australia. You are much more likely to be accepted if you have needed skills and a significant fraction of your working years still ahead of you. They are understandably less enthusiastic about adding retirees who will only burden their socialized health care systems.

Of course, who knows how policies might change due to COVID19... 😷
I'm self employed, establishing a up a new business just isn't practical.
 

shortylickens

No Lifer
Jul 15, 2003
80,287
17,079
136
Just retired. I have family here (MN), so will most likely stay around.
Otherwise, I would definitely move to a state with a better climate, lower cost of living, and more retirement friendly tax policy.
Thats what everybody in Minnesota says. "I gotta retire to a better climate!"
My dad planned to move to Virginia and be closer to old friends. Unfortunately he passed away before that could happen.
 

ondma

Platinum Member
Mar 18, 2018
2,999
1,520
136
Thats what everybody in Minnesota says. "I gotta retire to a better climate!"
My dad planned to move to Virginia and be closer to old friends. Unfortunately he passed away before that could happen.
The climate is actually the least significant of the reasons to me (still important though).
Biggest reason to move is the excruciatingly high tax policy, especially since we get no state exclusion for social security or retirement income. (Actually they just passed an income related exclusion for SS, but anyone with a decent income will not qualify.)
OTOH, we did have a surplus going into the Covid pandemic, so MN is in a relatively good position to absorb the crisis.

Edit: One of Gov. Walz's campaign planks was raising the gas tax (in one of the already most highly taxed states in the US). You know you are in trouble when a campaign plank is raising taxes. It didnt pass though, and I have revised my opinion of Walz. I thought he did very well overall handling the Covid crisis, although I think he gave in to the Republican pressure and opened up some stores too soon.
 
Last edited:

nakedfrog

No Lifer
Apr 3, 2001
59,239
13,840
136
Not just no, but hell no.
If you would prefer to retire somewhere else then perhaps you should look into moving there right now. It may be that there are compelling work-related reasons for staying put, but suggest that evaluating your options will be a worthwhile exercise.

This is especially true for anyone thinking about moving overseas to places like New Zealand and Australia. You are much more likely to be accepted if you have needed skills and a significant fraction of your working years still ahead of you. They are understandably less enthusiastic about adding retirees who will only burden their socialized health care systems.

Of course, who knows how policies might change due to COVID19... 😷
So I'm working on this plan, hopefully within a couple months (after a few years of planning). Figured I should move while I'm still relatively young.
 

snoopy7548

Diamond Member
Jan 1, 2005
8,126
5,151
146
If you would prefer to retire somewhere else then perhaps you should look into moving there right now. It may be that there are compelling work-related reasons for staying put, but suggest that evaluating your options will be a worthwhile exercise.

This is especially true for anyone thinking about moving overseas to places like New Zealand and Australia. You are much more likely to be accepted if you have needed skills and a significant fraction of your working years still ahead of you. They are understandably less enthusiastic about adding retirees who will only burden their socialized health care systems.

Of course, who knows how policies might change due to COVID19... 😷

This is all very true, and something I'm not sure if many people take into account. They may have a vacation destination they visit for a week every year and think, "Oh, I will definitely retire here!" but don't consider the day-to-day lifestyle they would be having; for most, retirement isn't a vacation where you spent recklessly and eat at restaurants every single night in some tourist area. When you're on vacation, you're only seeing the good parts of everything through rose-colored glasses.

My parents moved down south to be closer to my brothers and their families. This was after many vacations/trips down to visit throughout the years, and they liked the area and that vacation-feel, but now only two years of living down there, they are starting to have second thoughts; it's not what they expected and they miss their old friends up north.

IMO, anyone expecting to retire to their favorite vacation destination is in for a rude wake-up call. People shouldn't be looking to uproot their entire life and move to some state halfway across the country and expect everything to be fine. There's hopefully a good reason, besides work, that they have remained where they are for so long. If not, they need to move around and get a feel for the normal lifestyle somewhere else, if they can.
 
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IronWing

No Lifer
Jul 20, 2001
70,210
28,916
136
^ Yep. My wife wants to retire to our vacation spot. We vacation there during the time of year when the weather is perfect. The summers there are ungodly hot and buggy, the winters dismal. Hurricanes are frequent enough that I don't want to own property there. I'm game for renting a place for a month or two a year but live there year round? Nope.
 

pmv

Lifer
May 30, 2008
13,636
8,522
136
As you get older, this too shall change. You simply wander around looking for something, then it dawns on you that you forgot what you were looking for.

Then you think "I'll go back to where I was and I will immediately remember what it was I wanted"....then you realise you can't remember where you were before you left to find the thing that you can't remember what it is.
 
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Red Squirrel

No Lifer
May 24, 2003
68,459
12,612
126
www.anyf.ca
As you get older, this too shall change. You simply wander around looking for something, then it dawns on you that you forgot what you were looking for.

I feel this started when I hit my mid 20's. I go in the kitchen and it's like "what was I here for again? But while I'm here... chips!"
 

BarkingGhostar

Diamond Member
Nov 20, 2009
8,409
1,617
136
I plan on dying while still having to work. And since at my age I'm too old to start over in another city then yes, I will die for the man right where I am. Unless I get surplussed of course. Then I'll be too poor to move anyway.
 

repoman0

Diamond Member
Jun 17, 2010
4,701
3,727
136
Probably, but I’ll move from very close to Boston to a less populated area of New England (western MA or New Hampshire). I like it chilly and the rest of the country will probably be a furnace by the time I retire.
 
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vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,483
8,344
126
I'm now in Portland, OR and answer is "probably"?

Weather is moderate, can bike/walk to most things I want to get to. There's endless places to go to that are a day drive. But it's also not a terrible hop to get down to AZ/NV if we wanted to do the snow bird thing. Not that there's any snow in Portland, but there's no sun either for 6 months out of the year.
 

snoopy7548

Diamond Member
Jan 1, 2005
8,126
5,151
146
Probably, but I’ll move from very close to Boston to a less populated area of New England (western MA or New Hampshire). I like it chilly and the rest of the country will probably be a furnace by the time I retire.

The nice thing about MA is you only need to worry about blizzards; worst-case, you have to clear a few feet of snow. No tropical storms/hurricanes, earthquakes, or tornadoes. :cool: