3 Ways Relocating During Retirement Could Cost You
There are plenty of good reasons to pick up and move once you're retired. Maybe there's an area of the country you once traveled to and think you'll enjoy living in, or maybe you haven't experienced life outside the state in which you raised your family and you're ready to take that plunge now that you're not tethered to a job.
No matter your goal in relocating, be sure to account for the following potential financial pitfalls before taking that plunge because they could cause you to regret your decision to move elsewhere.
The idea of spending your senior years on a California or Hawaii beach may seem appealing. But remember, the cost of living in these states is considerably higher than it is in the rest of the country. Before you relocate in retirement, do some research on what living in your target state actually means from a financial perspective. Specifically, you'll want to look at factors like:
Source Fool.com
