WHERE will you retire?

[Anonymous]

Anonymous wrote:In the house I'm getting ready to build, God willing.

We did this and it was stressful.....but worth it.
Best of luck to you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm staying put right here in Arlington. My husband and I are both from here, have tons of family and friends here, and its home. I have no desire to move to some random place e where I have no roots.

+1

I hope you won't turn into yet another one of those grouchy old people who won't support building more schools - the NIMBYism in Arlington is the absolute worst of any place we ever lived, and the people aren't very friendly, either.

[Anonymous]

Anonymous wrote:I'm staying put right here in Arlington. My husband and I are both from here, have tons of family and friends here, and its home. I have no desire to move to some random place e where I have no roots.

You are lucky to have family so concentrated in one area. We are scattered to the winds. Plus, I don't think anyone moves to a random place, they research, visit, weigh the pros and cons of each locations before they make a decision.

[Anonymous]

I consider many alternatives, one being near the Virginia or Maryland mountains, and end up deciding to stay in DC as a convenient base for travel, and to have things to do when I'm not traveling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This discussion is fascinating. Having grown up overseas (although I am American), it still surprises me how many Americans move away from friends and relatives during retirement. It makes no sense to me to go somewhere I've never lived before and start all over at age 65+. And the whole notion of moving to some gated retirement community or any retirement community far away from friends and relatives is simply bizarre to me. I mean, we need the company and support of loved ones even more as we age. Most of all, I want to live relatively near my child--why the heck would I want to live across the country or the world from my child?! I can see traveling to warmer climates or overseas but completely relocating makes little sense at that point in life.

Ahhh, yes. But does your child really want you near them??

Actually, I think it's a lot easier to be with family when you can visit more frequently and for shorter time periods. I grew up 30 minutes from my grandparents, so we could have Sunday dinner and then go home. Because we saw them so frequently, the stakes for each visit were lower -- if people were cranky one Sunday, they'd be more cheerful the next time. That's very different from my kids' experience growing up 3,000 miles from their grandparents in California. Yes, our visits out there were fun, but they were also fraught with such great hopes for togetherness and harmony that every little bump seemed like a mountain of antagonism.

We'd love to be near our kids and (future) grandkids . . . but the problem is that they might not all settle in the same place, and it might be a while before they do settle down. (Oldest is in med school and youngest is in college.) Our plan is to get a smaller place in DC (though not a condo b/c we like to garden and like privacy), where we have friends and community ties going back nearly 30 years, and be here from October through May. From June through September we'll go someplace on the water (preferably an ocean if I can ease DH's concerns about sea level rise), near an airport, where our kids would like to visit.

[Anonymous]

Anonymous wrote:Austin

Can I go with? Can we also have a place in the Colorado mountains for the summers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our early retirement is tied to ACA. The cost of healthcare may cause us to have to keep working until 65.

If they let us retire, younger workers would have more job opportunities.

Ours is too, which is why we are retiring to Massachusetts - we will have it not matter what.

But won't you go on Medicare at 65? That's what we are planning on. If ACA disappears we will consider moving our principal residence to MA (we already have a house there) for the insurance, although MD had a very good high risk plan before ACA so we hope that will be revived. We plan to switch to MA residency when we retire anyway because that is where we will spend more than 6 months of the year, but not for the insurance at that point. Are the Medicare supplemental plans better or different in MA? I haven't looked into any of that yet.

In the meantime, we do have to work until medicare kicks in because our current ACA plan is $28k/year. Not sure what it will drop to when we no longer need a family plan but that's 5 years down the road so who knows what the landscape will look like at that point.

We plan on retiring and moving prior to age 65. I will be on it longer as I am almost 4 years younger than DH. Our youngest should be out of undergraduate school when DH is 61 and he could retire any time after that. I will use COBRA as long as I can, but there will probably be a gap of some sort. It is hard to figure it out exactly because there are so may moving prats right now - I wish the ACA was not one of them, it adds an unnecessary complication.

How would repealing ACA make things less complicated for you once your spouse retires? At ages 61 and 57, you wouldn't be eligible for Medicare. Are you saying you'd simply forego insurance because there would be no individual mandate?

[Anonymous]

I'd like to live in a different place every 6 month and not be held down by a specific place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our early retirement is tied to ACA. The cost of healthcare may cause us to have to keep working until 65.

If they let us retire, younger workers would have more job opportunities.

Ours is too, which is why we are retiring to Massachusetts - we will have it not matter what.

But won't you go on Medicare at 65? That's what we are planning on. If ACA disappears we will consider moving our principal residence to MA (we already have a house there) for the insurance, although MD had a very good high risk plan before ACA so we hope that will be revived. We plan to switch to MA residency when we retire anyway because that is where we will spend more than 6 months of the year, but not for the insurance at that point. Are the Medicare supplemental plans better or different in MA? I haven't looked into any of that yet.

In the meantime, we do have to work until medicare kicks in because our current ACA plan is $28k/year. Not sure what it will drop to when we no longer need a family plan but that's 5 years down the road so who knows what the landscape will look like at that point.

We plan on retiring and moving prior to age 65. I will be on it longer as I am almost 4 years younger than DH. Our youngest should be out of undergraduate school when DH is 61 and he could retire any time after that. I will use COBRA as long as I can, but there will probably be a gap of some sort. It is hard to figure it out exactly because there are so may moving prats right now - I wish the ACA was not one of them, it adds an unnecessary complication.

How would repealing ACA make things less complicated for you once your spouse retires? At ages 61 and 57, you wouldn't be eligible for Medicare. Are you saying you'd simply forego insurance because there would be no individual mandate?

There will be very few options (possibly cost prohibitive if there actually are any options remaining) for people in that age range if the ACA is decimated, goes away or is otherwise deteriorated. Plus the way drug costs are increasing I don't know if anyone will be able to afford to quit a job with health insurance. I take several pills that have been around for decades and have excellent generic track records and used to cost less than our co-pays. In the pay year or so ALL have increased a minimum of 4x, some 10x and higher. Totally ridiculous and going straight into the profits of the drug companies. At this rate we will be moving to Canada.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm staying put right here in Arlington. My husband and I are both from here, have tons of family and friends here, and its home. I have no desire to move to some random place e where I have no roots.

+1

I hope you won't turn into yet another one of those grouchy old people who won't support building more schools - the NIMBYism in Arlington is the absolute worst of any place we ever lived, and the people aren't very friendly, either.

McLean is worse. We have lived in both with children.

[Anonymous]

Probably where my only child lives -- SF

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Any non-white people on this thread? Where are you comfortable retiring to? I'm first gen South-Asian and not sure how welcome we are in rural communities...

Yes, and we're retiring in Italy, ideally.

I should clarify that we're first generation south asian as well.

How does this work? Do you get a certain type of visa?

Elective Residency Visa

http://www.expatexchange.com/ctryguide/4886/58/Italy/Retiring-in-Italy-7-Important-Tips-for-Retirees-in-Italy

[Anonymous]

My husband wants a house in the Berkshires and I'd like to move to Ireland. I'd like to be near my son (still in college), but I don't want to commit to an area unless he's planning to stay somewhere for a while.

[Anonymous]

My husband recently passed away. We always lived near his family who is very controlling. Once I was able, I moved to CA to be closer to the kids.

[Anonymous]

Anonymous wrote:My husband wants a house in the Berkshires and I'd like to move to Ireland. I'd like to be near my son (still in college), but I don't want to commit to an area unless he's planning to stay somewhere for a while.

Yes....is your son going to want you to follow him around?
Hopefully he will want some independence and maybe find a partner without Mom trailing?
Just a thought. This can get awkward.