Palm Trees or pickleball courts? What You Need to Know before Relocating in Retirement

Dreaming of a retirement escape, but worried about hidden costs or missing your favorite activities? As Peter Richon with Richon Planning and Erin Kennedy discuss, retirement offers an opportunity for new beginnings and adventures, but before you move, Peter recommends you first consider:   1. Cost of Living: essential when trying to figure out if your retirement savings and income will be sufficient to maintain your desired lifestyle. 2. Healthcare Access and Quality, which becomes increasingly important (and often expensive) as we age.  3. Social Support Network: Moving often means leaving behind friends and support networks; that can be a tough transition! 4. Tax Implications: there's a reason a lot of retirees move to Florida! 5. Your desired climate and lifestyle preferences    Finding a place that matches your hobbies, budget, and lifestyle is vitally important when it comes to quality of life and ensuring that you don't run out of money! If you'd like to crunch the numbers with Peter, give him a call at (919) 300-5886 or visit www.RichonPlanning.com   #WealthManagement #Retirement #Budgeting #Lifestyle