Session 14 – John Brady

Recap and Highlights

  • According to John, about 25% of the general population ends up relocating but up to 70% of topretirements.com survey do!
  • The top 4 reasons why people move are”
    • Warmer climate
    • Lower cost of living
    • To be closer to family or friends
    • Lower taxes
  • Advice for how to go about relocating
    • Start planning early
    • Fit expectations to reality
    • Check out a lot of places
    • Follow you dream
    • Rent first
  • Bottom line is that you have to move for yourself
  • Types of retirement communities and trends
    • Active adult communities
    • Small towns
    • Urban areas
    • Retirement village
  • John talks about Continuing Care Facilities in some detail including his parents experience with their CCRC
  • While retiring in place is the most popular option, John talks about the risk of becoming too isolated and dependent when one becomes elderly
  • The Selecting a Retirement Community guide contains information of key relocation topics and checklists to help you plan
    • What is retirement like
    • Climate
    • Full or part time
    • Want to be closer to family or friends
    • What do you want to do
    • Do you and your partner have the same dream
  • com
    • John launched his website in 2007
    • Contains reviews of cities, towns and retirement communities
    • You can sign up for his weekly newsletter which includes reviews of 2 new places
    • You can access the Retirement Ranger tool. It asks you 10 questions and then returns places that match your criteria.
  • John identifies several additional resources that can assist people interested in relocating and retirement (see Links and References)
  • He stresses the importance of planning and of creating a budget because it will determine which retirement relocation options are feasible

 

Links and References