Relocating for Retirement: A Growing Trend Among Americans
In recent times, many individuals have reevaluated their living situations and made decisions to relocate, especially as they approach retirement. One such individual is Debra Taylor, who is navigating a divorce while preparing for retirement and moving to Portugal from Southern California with her daughter.
After choosing to leave the United States, Debra considered several factors in her decision-making. She ruled out Spain due to its high wealth taxes and opted for Portugal, a country known for its pleasant climate and beautiful scenery. After touring the country, she settled on Aveiro, often referred to as the Venice of Portugal due to its picturesque canals.
Now, she is focused on logistics, having signed a lease for her new apartment and sought help from a company that specializes in relocation paperwork. Her daughter, who identifies as transgender, encouraged this change, expressing a desire to leave the U.S. for a new start.
Experts indicate that more retirees are looking at relocating, a trend that can be influenced by various factors such as politics and housing costs. According to recent reports, over three million retirees aged 65 and older moved within the U.S. prior to the pandemic. Today, political climate appears to be a significant motivation for many looking to leave the country. However, co-founder of a relocation firm noted a challenge: many countries are less welcoming to wealthy, English-speaking retirees.
While moving abroad can seem appealing, staying in the U.S. can present its own challenges. Rising housing costs and limited local services can make it difficult for retirees to live comfortably. Experts emphasize the importance of planning for the future and considering how personal needs may change over time.
With the U.S. expected to witness a surge in its aging population, it’s critical for soon-to-be retirees to think strategically about their living arrangements. Location should be carefully chosen based on preferences for social connections, community activities, and proximity to family.
For those looking to relocate, determining what aspects of a new home are most important—such as being near children or access to amenities—is vital. To ensure a smooth transition, experts suggest considering a temporary rental before committing to a permanent move, as familiarizing oneself with a new community can help avoid retirees feeling isolated.
Ultimately, making a thoughtful decision about relocation involves looking beyond just the sunny weather or beautiful surroundings. It requires a comprehensive understanding of lifestyle and social needs that will foster happiness and well-being in retirement.
