Here's an interesting piece from Time about . Here are some of the stats they share:
- 37% have moved in retirement
- 36% do not anticipate moving in retirement
- 27% have not moved but anticipate doing so
And one quite interesting stat:
- 30% of retirees who have moved have gone into a larger home
This topic is a relevant one for us as we transition in life.
As of now we are in a large home in a suburban area of a beautiful city (many people come here for vacation).
We have one child at college and one at home we love our location and house. For now we're going to stay put until we see where the kids land, but after that, we have some decisions to make.
Some thoughts we're working through:
- We don't need a 3,500 square foot house for two of us, so unless we think we're going to add residents (my parents could move in with us) or that the kids will form families quickly and come back to visit, we likely will move.
- If we do move, we'd likely stay in the same city and the same area within the city.
- We'd also be more likely to move into an apartment. This would allow us more flexibility to travel.
But who knows what we'll actually do. Time will tell.
Anyone out there who's been through this decision-making process? What did you do and why?