how to retire to New York city after working all of your life? (apartment)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
My parents are thinking about retiring in Manhattan too. You have to have some solid income, especially if it's you and a spouse. It all comes down to finances.
Someone with decent retirement income/savings can do it if they get a steal of a rent-controlled apartment.
Otherwise, consider that NYers who would be considered upper middle class often end up essentially forced to move out of state or upstate for retirement.
It is kind of a shame since I think, for people of the right character, NYC would be a great city to be retired in.
Someone with decent retirement income/savings can do it if they get a steal of a rent-controlled apartment.
Either RC apartment or buying your own property in the city (property taxes are low in NYC). Unless you have substantial retirement savings, I wouldn't advice renting in NYC while retired.
Quote:
It is kind of a shame since I think, for people of the right character, NYC would be a great city to be retired in.
Agreed. Hospitals are close, with very good "specialized" and experienced doctors, everything is accessible, plenty of free cultural programs/institutions in the city that are easy to get to without driving. Airports are close with a lot of destinations if you decide to do some traveling. Also, if you are retired you don't have to compete with people during rush hour traffic, just go out after 11am on a weekday.
Last edited by ckhthankgod; 02-22-2018 at 02:17 PM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
