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THE BEST PLACES TO LIVE IN RETIREMENT

When finding a place to live in retirement, the goal is to find a balance between a region that allows you to maintain your financial security and one that doesn't compromise your quality of life.

As many retirees have come to learn, moving to save some cash can prove to be a jolting experience if it takes them far from family and friends. If you relocate to a different part of the country, consider the cost of traveling to see loved ones. You surely don't want to move very far away. It would involve higher travel expenses, which might, eventually, lead to a more distant relationship with the ones you love.

Before packing up and moving, consider giving the town you plan to move to a trial run. To ensure you truly know what the community is really like, rent an apartment there for a couple of months. If you're interested in an area that is very popular during the winter, spend some time there during summer. You might love the quiet - or find it depressing when the high-season action is over.

Change and exploration of new territories can make you feel strong and full of energy, but make sure the place you move to lets you continue to indulge in your favourite hobbies or pastimes. For instance, if you are a big opera and symphony fan, moving to the boonies might not be the best idea.

Ensure you'll have close access to good health care - especially in particular cases of concern to older people, such as heart disease, cancer, and general geriatric care.

Also, make sure to study and inform yourself on the financial advantages and disadvantages of the region you're taking into consideration. Look for an economy that is well-diversified- that means the area is capable of weathering any checks in progress to a certain industry. In a town whose revenue is dependent on one company or industry, the value of your home can take a big hit if that company or industry hits a rough patch or decides to move to another area. A downslide that lasts for long in a region or state can, in the end, lead to an act of reduction in basic public services ranging from a decrease in bus routes to a smaller police force. So ensure you crunch the numbers, including taxes and fees, to see what effect the place would have on your retirement cash flow.

You get the idea. As much as new can be great, make sure that your newly chosen home can allow you to enjoy what you love to do, or you can access it nearby. This is most probably the last home you will purchase, so ensure it fits your desired lifestyle.

Contact Toronto Movers today and we will help you with moving process!

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