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We would love to stay near friends and family, but financially that is not wise for us.
We are moving to a smaller home in a place much less expensive than our current area. Besides, there's no guarantee our kids will stay in the same area either!
Aging is partly about loss and how to accept it, as eventually we lose everything. Gradually adjusting is better. I'm actually looking forward to getting rid of a lot of the possessions that we have stockpiled over the years.
I'd say that article is spot-on. The house in suburbia or out in the boonies that works for a middle-aged couple with kids probably won't work well at all for a senior who has developed mobility issues or who can't drive. And the cost of maintaining such a house goes up when you can no longer do most of the yardwork and basic maintenance yourself and start having to hire help.
I know I'm going to sell my house when the time comes to retire. It's a very nice house, but it's bigger than I need and more work than I'll want to deal with once I'm old. A condo or a rental apartment would be more practical, should I choose to stay in the city where I am currently living. And I think that renting a 2 bedroom apartment in a senior's development might even be cheaper once I factor ALL the costs of maintaining my house into my budget.
What are your thoughts on where and how to live as you age?
Gonna live where we want and how we want. Oh! Wait! That's what we're doing and has been since we both retired. What a concept!
Where our children and grandchildren live is not a factor as with today's mobile society, too many have moved to be near them or stayed in place because of them only to have them pick-up and move elsewhere as jobs, finances, medical issues, weather patterns or new employment opportunities have beckoned or dictated.
How willing are you to let your children and/or grandchildren essentially dictate how and where you spend your retirement years? We're certainly not.
What are your thoughts on where and how to live as you age?
This sums it up
"Golant said the United States has so far failed to provide decent alternatives for older people to relocate. The middle class is especially affected, because they cannot qualify for assistance available for people with low incomes, such as Medicaid, and they can’t afford many retirement communities.
“We know how to provide beautiful long-term care,” Golant said. “What we don’t know how to do is make that kind of product affordable to anyone but [those] in a higher income bracket.”
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