As people explore what to do in retirement, the opportunities for future living arrangements is the most thought about – yet least acted upon – aspect of retirement planning. As the author shares in this Forbes article- According to the U.S. Bureau of Labor Statistics even though housing is the largest average cost in retirement, older Americans move far less often than the general population.
The author goes on to makes the point that “at a time when human capital is exhausted and financial capital is being decumulated, a house should be seen as a lifestyle choice, not an investment. Living in place is a consideration, but changing residence at retirement may be the better move.” He provides options, examples, and ideas in the article.
Great food for thought!