Should you downsize, move by your grandkids and/or relocate to a warmer climate in retirement
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- Опубликовано: 18 окт 2024
- Feeling the pressure of downsizing and moving to a better climate in retirement? What am I doing? What are the pros and cons for me? Can I retire today? Retirement Planning.
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59 years old, retiring in 48 days, & 16hrs = 35 work days. We currently live in Utah and have been here for 29 years. Very tired of the snow and after loosing 60lbs last year, this last winter I was freezing the whole time. We're moving to Florida in October. Close on a house down there next month. We plan on traveling, mostly in the summer and be gone for a few months at a time.
Downsizing at the same time. Our current house is multi-level. Watched my parents go through a house that was too big and multi-level and we don't want to wait until it's too hard to move.
Yep, I moved away from NJ in 2007 and ended up in Florida. Best decision I ever made. Simply with the savings on state income tax, property tax and cost of a house I was able to retire years earlier than I planned. I retired at 52 seven years ago. My arthritis has never felt better. The sunshine does wonders for mental health too. Retirement is good!
inherited some of my aunt's portfolio and cash savings After her passing. I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns.
Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.
Condolences on your aunt's passing. Remember, RUclips is not a reliable source for personalized financial advice. Instead, consult a trusted fiduciary for expert guidance tailored to your specific situation.
Same, I just use RUclips for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
How does one reach out to a financial advisor? my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Monica mary strigle ” for about five years now, and hr performance has been consistently impressive.She’s quite known in her field, look-her up.
I’ve been retired 6 years, in my mid 50’s. We did move from suburbia to a small beach town and also downsized to a beachfront condo. Best thing we ever did. We have other family in this town and we are within 2 hours of our kids so enough distance that they can live their lives but also we can easily visit or they can come spend a weekend at the beach with us. It’s been perfect. We don’t go to the beach everyday anymore but spend a lot of time at the pool and a little exercise via a casual walk or bike ride. Lots of visitors which is when we get most of our beach time.
A community you enjoy and spouse on board are priceless. I don't have any of them and waiting for my early retirement means downsizing in order to be able to move somewhere else, without knowing exactly where to.
We are snowbirds. AZ in the winter and back home to Wisconsin for the summer.
Joe, I agree totally with your thoughts. We are in upstate NY with long cold winters and high taxes but all of the other benefits you listed for Southern Indiana we have in our little town outside of Rochester. We have two grandchildren living with us and their parents, which has been a real blessing, especially for my retired wife. I am still working.
Three years prior to retiring two months ago, we bought a small house out of state. We completely renovated the home during this time using a general contractor and some sweat equity during vacations. The house was finished just before the big retirement day. This has been a great experience. Now retired, I'm focused on rehabing the yard.
After we retire in 4 years we plan to move from upstate NY to North Carolina where my son and daughter in law live.
Ditto on staying put. We love Michigan and have vacation property “up north”. Our property taxes are cheap and protected since we’ve lived in our home for over 30 years. Two of our kids are finishing up college, one is local and the other is overseas. When the cabin fever strikes in Jan/Feb, we can spend several weeks to a month in a varied warmer climate of our choice. Not tied to Florida and its crazy insurance and new condo HOA maintenance fund requirements.
Northeast Ohio - outside of Cleveland
I just retired 1 1/2 months ago and we have decided to not move for at least the next 10 years.
2 of our 3 boys live in the NYC area (single days drive) and 1 lives 2 hours away.
We have lived in the same house for 36 years and love our area.
We have some of the same issues
1. Great people who will help you anytime you need it.
We had a tree fall on our 2nd car and hit the garage while on vacation a few years ago.
Our neighbors cleaned it up before we got home and even put a tarp over the hole in the garage roof.
Another time my wife had to go help her sister when she got cancer and our neighbors sent over meals 3 times a week for 5 weeks.
2 We have friends who own business and know they will do the job right.
Car repair, plumping, etc.
3 No traffic
4. Great sailing on lake Erie.
I have owned 5 different sailboats over the past 30 years and love to sail.
5. Great parks for hiking and camping.
6. Large home so when the kids visit we have lots of room.
Our kids and their families come home every year and we love it.
7. We also have kids from our extended family visit and they make friends with the neighborhood kids.
We just had 3 visit for 1 week ages 10 to 14.
8. We just spent 1 week on a trip and a friends son took care of you dog.
9. We have a group of 4 couples and we get together every 2 months for a pot luck.
The ladies also have lunch together every once in a while.
10. Because our home is low cost if we sold and moved most likely we would pay about the same for a smaller home.
11. Great medical (we do not need it today but who knows about the future)
12. We get very little sunshine in the winter because of the great lakes is really the only con about staying.
Our plan is to remodel our home and during the winter travel a bit.
PS Over the years we have vacationed in places we thought we would like to move to and have not found anything better.
I am most likely staying in Texas, Joe, for many of the same reasons you describe. We might end up downsizing to a smaller house... that is yet to be determined. I love the way you used your engineering mind to talk through the pros and cons of this great question. I am an engineer too, so I definitely appreciate the process you talked through to make an important decision such as this. I this this type of example is very valuable for others to learn from. GREAT JOB JOE!!! Joe from Texas... OUT!
Thanks Joe
Such a great video! Quality of life is far superior to chasing the "storybook ending" of retiring down south. Thanks for the fantastic content.
Our plan is to lease houses/condos at different locations so we’re not locked in to a mortgage in retirement. A year here and there so we can find the best locations in the areas we think we’d like to be. One year in Gulf Shores, South Carolina, then Florida that sounds ideal for us.
I’m with you Joe - I pay young adults to do yard maintenance. I throw in a meal and lots of refreshments so more expensive than a professional yard company. But I love to help hard-working youth to save up for a car or a trip abroad.
My sister and brother-in-law are retiring soon, they, too, talk about the retirement “experience” - living in different locales for 4-6 years, England, France, Colorado, Bolivia, etc, with a small home, as a “base” near one of their kids.
Great video for me because all those examples help me reflect on my situation since I too live in Eville. 😆 I’m about 2 1/2 years from retirement and was debating about moving away.
Howdy neighbor
I live in the Bay Area and we are retiring in North West Montana in a year and half. We want 4 seasons and a crackling cozy fireplace in the winter. We’re upsizing. I want a bigger house so we can spread out and have room for visitors and family.
Joe-Richmond is where I am and hope to move to Newburgh next year once my husband retires. Looking for a wonderful community you are talking about.
Thanks for all your videos!!
Our little hallmark town.
We have moved close to our grandchildren. It is wonderful. Plus from the Northeast to Dallas, TX so it is much better weather. The warmer weather with almost no snow is nicer than we ever imagined. Summers are brutal but air conditioning makes it OK. Especially since electricity is cheaper. There are so many more sunny days, too.
Great summary Joe, and many of my same sentiments. Following your kids will break you. They have a lifetime ahead of them to recover from anything, we don't. Something to be said for owning your own home and being able to travel to neat places to see your kids. Adds to the adventure of life in retirement. Plus, I struggle with the concept of basically trading our big family home for half the size and the same money. It frosts me. Like you, our plan once I retire is to spend time over the winter in FL. We have friends that followed the title of your video, and it was right for them. I have family who happens to be from IN and moved down there. They say, 'our summer is like your winter'. They go out early in the AM for their daily walk and find themselves inside during the hot part of the day. Up here, we tend to be more in hibernate mode January & February. I hate that by the way! February in FL sounds great, but I too am not ready to make such a big commitment to one area. We never know what the future might bring, but for now OH is our home base and we're happy. Happy Sunday, time to get ready for church!
Renting a place in FL is always an option.
@@noreenn6976 My thoughts exactly. Both my sisters now winter in Florida (one lives there year round) so I can always visit and rent for a month. But honestly, you’d have to pay me to live in Florida year round. The summers in Florida are brutal.
@@noreenn6976 Indeed, that's our goal!
We're 6 years from retirement, and we are currently planning our retirement home that we'll move into next year. It is about 30 minutes away so it won't mess with our jobs, but we'll be in a town that we like much, much more. It will be a smaller house, and much more efficient. Most of our design decisions are based on having low operating and maintenance costs as well as ensuring we can live comfortably as we age. We've been in this house for 23 years and have grown to hate the town we live in. We're also tired of paying to heat a 120+ year old house through Canadian winters. We would have moved sooner, but we are waiting for our youngest child to graduate high school. We didn't want take him away from his friends.
It's such a personal choice, we moved from one 4 bedroom to another in a different state. Yes, we are emptied nester, but my husband and I both really enjoy having our own space ( his office and my craft room), and we have guest room for family and friends. Gave up San Diego for a beautiful small town and love it❤
I grew up in Pennsylvania and moved to Florida when I was 27. I am 54 and am tired of the heat. I am planning on moving back to the northeast and enjoy the seasons and cold winter with a fireplace. Florida isn’t all it is cracked up to be.
Yes it is.
moving back the People's Democratic Republics in the NE of the USA is going to be eye opening for you. Good luck with that--unless, of course, you are a comrade and love you some tyrants lording it over you, then enjoy what you find there.
Same here
Yeah, love all the white trash and strip malls here. Just wonderful.
Moving to FL was one of our dreams, but after visiting many times over the years, we'll most likely continue visiting, but not relocate like our cousin recently did.
Great video that got me thinking. I live in East Central MN so weather isn't the best five months every year, but most of what you note about Indiana holds true about rural MN. I have had thoughts of moving but grandkids happily keep me here! I drove a truck for a living and used to go through your area several times a year and found much to like. My niece was your local NBC news anchor and I would stop to see her whenever it was possible.
Small world
We just returned today from a stay in Duluth. So great there that we are thinking summer home. Winter will be southern Ohio where our kids and grandkids are.
We just sold our primary home of 3000 sq ft. Got rid of the high cost of owning this property, taxes, utilities, upkeep. This house is in the town I’ve lived in my whole life of 59+ yrs. We’re in Mass.
We’ve moved into our summer house on Cape Cod and purchased a small villa in S. FLA in a 55+ community. We’ll spend 6-7 mos down there, I’ve had it with the long, cold winters. We have 3 sets of friends within a 1/2 drive. Our kids are fine with this. They’ll fly down for the holidays. Couldn’t be happier.
EDIT: Florida in summer is NOT GOOD. We just got back on 7/23 and it is hot beyond belief. The sun is so intense.
We share a similar sentiment after 35 year careers in north Georgia following our relocation from Indiana. My wife values relationships over all else and I love the plethora of outdoor recreation at our finger tips. We plan to purchase an RV for traveling the country while keeping our home base here. Like you, we're in discussion about future alternatives including; adding a backyad swimming pool, purchasing a lakefront poroperty or cabin getaway.
Totally agree with you, Joe. Our home (state) is definitely where our heart is. We have considered moving to be nearer one of the kids but, as you say, they could actually move on to a different location once we get there! Our area has great values, long-term friends, family members, lower cost of living, much less traffic, etc. We feel like we 'have it made' right where we are. If we want to see 'beautiful' parts of the country (according to others, we live in a 'flyover' state, apparently!), we can fly out or drive out to another place and enjoy that for a while and come HOME again. No place we have visited has appealed enough to us to pull up roots and permanently change locations. IF that MUST happen due to health in the future, we will deal with it then.
I bought a one-level home with wide doorways to be able to "age in place." I had no desire to move to a different state, but I'm already in the south, so the winters are not bad. 😊
So much of what you shared is relatable. We live in south eastern Michigan. Can the winters feel long sometimes? Yes, but unless you live in the southwest or the deep south, you are going to have colder weather in the winter. You aren’t going to be in shorts and flip flops. Point being, there is so much more to a quality life in retirement than sunshine and beach sand year round. For all the reasons you mentioned, plus even more, we are more than happy to stay grounded here in Michigan. Our kids, grand kids and a lot of other family are still here. Also, very affordable living here too. Wouldn’t change it for anything. If a cold and dreary January and/or February gets to us then we get out of it for a bit. Problem solved!
Feel the same way, even though we live in expensive Southern California, we finally have our house the way we like it. It's paid off, solar, small bills, affordable property taxes for life (assuming Prop 13 doesn't get overturned), and our friends are here. Plus the weather is as good as it gets in San Diego.
Two completely different issues!
Downsizing or “right” sizing can make a lot of sense, especially to consider an aging friendly home, meaning less maintenance and no significant stairs(unless you have an elevator).
An old age friendly residence will help you or your spouse stay in the home a lot longer and can minimize LTC needs.
We downsized from a large 4 bedroom waterfront home requiring lots of maintenance, to a 3 bedroom townhouse with an elevator, across the street from the water.
Best decision we ever made! Way less carrying costs! No mortgage. Easy to leave for 3 weeks. We are still in the same city in Florida which we love(35 years in Florida).
Where, is way more complicated. Moving to a brand new area is a big decision. We are originally from Ohio, we would NOT want to be living there now. We do have a lot of family in Tennessee which we like, but not more than Florida.
I told my wife when we moved to Tucson for work about 30 years ago. “Pick out your retirement home, I am not planning moving you again. So far, I have been able to keep that commitment😊”
You have the deep roots where you live - that's great! Family, community, friends, etc. I think a lot of people move to FL, AZ, TX, because it may be cheaper than where they are moving from - may be, it may sound cheaper but there are details - and warmer weather, no snow shoveling. I'm an oddball, been in Delaware over 40 years, things are close-by, but I only know maybe a half-dozen people and don't hang out much. DE is cheaper than the surrounding states and my lil townhouse is paid off, so moving anywhere else would instantly be expensive with rent or mortgage...Except SE Asia. But I don't like heat & humidity...My brother moved to FL about 6 yrs ago and is moving houses again (3rd time) because their new houses they've had built have increased in value so much they make money at it. I grew up moving so often as a kid I'm traumatized by it, I hate the idea of moving at all. LOL.
Sounds like you have a nice place. Do you get much snow/ice in winter?
@@noreenn6976 Usually our winters are mild since we are near the Delaware and Chesapeake bays and the Atlantic ocean. Last year there was one snow of note, 4-6 inches, melted quickly. we can get one or two "cold snaps" for a week or two but most of our winters are with daytime highs in the 40s-50's...
I've also never been interested in the 'Florida retirement', I guess it all comes down to what you want and what personality you have, but the whole thing just feels like 'college dorm life' (where you go back to your house instead of your dorm room at night) revisited to me, and that type of life never really interested me either.
Great thoughts Joe. I agree on the winters here. I'm in Louisville, so I'm actually a little north of you. Those cold, grey days drag but spring & fall are fantastic. Newly retired and we'll stay in the area but I could see moving a little ways outside the metro. We'll leave Florida for vacations. Keep up the great content.
We had the opportunity to move from the inland valley to a coastal community in Southern California 8 years before I eventually decided to retire. We wanted to escape the heat, poor air quality, brush fire risks and the general congestion. Because we wanted a newer home, we ended upsizing, but there’s now plenty of space for when the kids visit. It has become our retirement haven as we take the dogs for our twice daily walks to the abundant parks and beaches nearby. Grateful doesn’t begin to express how fortunate we feel.
We moved (back) to Dayton, OH about 7 years ago for my current job. Since that time, we bought a rural property in SW Virginia where we will actually be retiring to. Perhaps counter to a lot of advice out there, we wanted a place where we don't have to see people unless we try! It's located in a very small community, but I've met some folks down there, and (perhaps because it it a small rural community) they all seem to look out for each other. No traffic to speak of, but within a half hour or so to larger areas with all the amenities one needs. I agree with you about intentionally moving to be closer to your kids. Folks move with their jobs these days way more than they used to, so no guarantees they will still be there a few years down the road. Turns out our property will be closer to our kids, at least at the moment!
Very important to consider what you will leave behind if you move to FL or any other location. Probably why there are so many snowbirds in The Villages.
When I bought my retirement home in a senior park, a neighbor behind me was about to sell his retirement home of 20+ years to move to AZ CA border. They bought a single family house in a new tract home development so that there’s no restriction to guests’ age and how long they can stay (unlike living in a senior park). They were in their early 80s at the time, making a big decision to relocate in order to be close to where their kids and grandkids live.
Hello again from toasty Phoenix....
We have a cabin up at high elevation for summer escape from the heat, but home will always be in Phoenix where the kids can come home for Christmas, Birthdays etc. Grandkids are in Iowa....I already know the set of roads by heart to drive straight there.
Retired 19 months ago, the day I turned 60. We have 3 houses in northern Ohio/Indiana, this includes a primary home, a lake cottage, and another lake cottage that we Vrbo/Airbnb. Still able to keep up with them, but it is going to come to a point that I will no longer want to maintain then. At that point we will probably consolidate to a single home in a warmer climate. Just not sure when that will occur.
I like where we are for now. It's hard to beat the weather here in California. Like you we have a nice church community with friends we've had for 30 years. It would be great to live closer to our son but he might relocate for work at a moment's notice.
CA taxes...no thx. How's the weather in Barstow?
@@hanwagu9967 You get what you pay for. I wouldn't know about Barstow.
I grew up in KY and now live in Ohio. The Midwest is the best. I love each season and the changes they bring. Our churchand neighbors are awesome and friendly. Our cost of living is good compared to the coasts. We don't have the humidity the South has to deal with
Joe, im in the Midwest and we love road trips and some people just do get the fact that the journey is part of the fun, Plus my wife and i like to spend time together
We're retiring in 3 years, downsizing next year to lower our fixed costs and moving to a town with tons of greenways, free programs/events.
We are retired, live in AZ half the year and FL half the year. An Indiana couple rent our AZ house in the winter while we are in FL.
Retired for almost 6 years. We are moving to a brand new apartment in Melbourne (Australia) which is half the size, but more expensive than our 4 bed house in a regional city. We bought it "off the plan" in a very specific development on a racetrack with views across the city. Why? We want access to the superb public transport, proximity to a major airport, endless theatres and almost 10,000 places to eat! Plus brand new everything, low HOA and reduced water and tax costs. This will allow a "lock up and leave" lifestyle, plus it will be suitable for us as we age with no maintenance of the communal gardens, rooftop pool et cetera.
Except the state is completely bankrupt and its cold and wet in winter. I guess you plan to travel a lot. I recon QLD Sunshine coast is the best location for retirement. BTW I was a Northern Beaches Sydney dude for over 50 years.
I’m closing in on retirement and I'd love to move from Minnesota to a warmer climate, but home prices seems ridiculous today, do I go ahead with buying a house anyways, or look at other sectors of the market?
diversification is key to good investing. consider talking to a seasoned advisor about which sectors of the market to focus your portfolio on
Agreed, amid covid-19 outbreak, I simply adopted the service of a certified financial planner instead of panicking and thankfully, I've accrued nearly $1m ROI after subsequent investments to date, marking my most significant financial milestone.
@@Charlesman_T this is great! once you hit a big milestone, the next comes easier.. who is your CFP if you dont mind me asking?
such an eye-opener, curiously inputted Karen Lynne Chess on the web and at once spotted her consulting page, she seems highly professional from her resumé
You may make enough money from the sale of your MN house to cover the price of the new one in a warmer, sunnier place. Prices are up everywhere.
Okay, that's it. I'm checking flights to Indiana.
Let's find some houses next to Joe and buy them! 🙂
@@BadPhD777 yes...he seems like a cool dude to hang with in my golden years...🙂
I understand the downsizing idea. I live in a 6 bedroom home in far west suburbs of Chicago. Taxes (real estate) are high. But…. I live across form a park with a pond and fountain in it ,a cemetery next to that. Lots here are large. I can stand in back yard and not see my neighbors. It’s a quiet neighborhood and I’m 1 mile from a major hospital. (At 72 yrs old,that’s important). I have friend s here . I like where I’m at. And it’s a big hassle to downsize and ,over. So I’m staying here. I can work a day or two a week if I want. So we will probably stay. By the way ,Whitefish is very expensive.
I officially retired from my business on July 31, 3 days. I sold a home in an expensive part of Maryland (3800 sq feet above ground and 1800 sq feet finished basement with full bar and bath) and "downsized" to a 3000 sq ft home in Sarasota that was more expensive than my MD home. I am 10 minutes from walking on the beach, 5 minute walk to bars and restaurants, pool and outdoor living area. My parents in their 80's left MD for Florida and my kids moved to other states after graduating college. Love my new Florida life, been living here while commuting by plane until retirement in 3 days.
Telll me about the commuting. I have been considering this. I am going to try it out this winter for the first time. (Indiana and South Florida). I own a home in Florida already and have never even "Snowbirded". We just visit often (about 12 weeks per year). This winter I am going to be in FL for three weeks in late Dec. and Early Jan. and then commute for three weeks, followed by three more weeks in FL , and finally commute 7 more weeks to finish the winter. I am 60. Our thoughts are to try that this winter to see if we think we might commute for the next two years, (not just the winter but all year) or more before retirement. How are you liking it? Please expound.
After 28 years in my 3000 sq. ft. SFH with 23 of those as a single parent (female), I downsized into a 55+ condo 8 years ago (they allow 20% of the occupants to be 40+). Although my SFH should have been almost paid for, unfortunately it was not due to struggling financially all those years as a single parent. I bought my condo 8 years ago with a 15 year mortgage and with a plan to use the reduction in overall costs to increase the contributions to my 401K and savings and set myself up for retirement. I'm hoping to retire at the end of the year at 61.5 years old. I live in Northern Virginia, near DC, which is very busy and expensive, but my only daughter and granddaughter are here and I've lived here my entire life, so I have no plans to ever leave.
One point about the “family values” you seek - people everywhere have family values. I live in the heart of a large US city and here, the people I know love and appreciate their family, they help older neighbors who need it, they offer to shovel each others sidewalks, and some of them go to church. There are “family values “everywhere, and I’m not sure that’s really what you are seeking when you classify it that way. What you’re seeking perhaps is a quieter way of life, less hectic, maybe where the religion and pace of life is closer to your own, where the specifics you mention are more visible without all the distractions of city life. But calling it “family values” implies that other communities unlike your own might be lacking in family values, and that’s just not the case.
I retired in June and just came back from Europe visiting family. My daughter lives in Nebraska. Our family is pretty far flung. I live in NW Indiana, about 5 minutes south of Lake Michigan, and would never move south. I'd rather move to Alaska than to Florida. I like four seasons, and I don't have to go out during snow storms any more. I have friends and activities here, so I am not in a hurry to go anywhere else right now.
The pluses you list we have found in portugal. Have been very welcomed. Did downsize when we moved here from nyc. Don't miss the snow.
We have retired to Miami Beach condo and have a small condo in NYC and have considered Portugal when life gets a bit frustrating here. How do you find Portugal? Did you learn a different language and how affordable is it? Thanks!
@janicek9629 portugal is affordable. Roughly 30 percent less than the usa outside of lisbon, porto, and the Algarve. We live in a village of about 1000 people. I have learned transactional portuguese, though my wife (13 years older than I) still struggles. The culture, if one embraces it, is beautiful, different, frustrating, welcoming, and worth the work. 6 years retired (at 57) here and haven't looked back.
Thank you for the insight! Much appreciated!
I have no plans moving from the Columbus, Ohio area. Other than my sisters, everybody I know lives near me. I could see vacationing somewhere warm for a month or six weeks, but honestly only January and February are that dreary to me. I just don’t think Florida is that great. Too crowded, too expensive, and other than November to February, I’ll take the weather in Ohio over Florida.
Columbus is nice. Do they have a mid-major football team there? 😂
@@joekuhnlovesretirement yeah, just some little team that people seem to get worked up about. 😂
I like everything about living in Ohio except the 5 months of cold, grey,dreary and wet weather from November-April but all my grandkids live here so I’m thinking we’ll probably vacation in a warmer climate for weeks or months during the winter months. Snowbirding would be perfect I don’t think we can afford two homes with today’s prices.Buckeyes look out for each other too.
@@josephschmidt2183 honestly, only a month away in the winter is all I’d need. I can get through the holidays, and things start turning in March, but a nice month away in February would be great.
Our house is just right for us now. Plan to go to Ireland, Scotland, etc. In summer to escape the heat and Panama, new Zealand in Jan, Feb. To escape the cold.
I get bombarded with various peoples well meaning intentions based on whatever they based it on. It's like teen age peer pressure pushing towards something, even to point a person can start believing they to want it too, as so many do it so it must be good. I like the 4 season change. Not autumn replaced with tropical like rains. I can't imagine being in a smaller place, when inside more in winter. I include how many days are with family around, for things I don't use, if just me. The pluses and negatives I see and how big a deal each of them are or aren't, will not be same as anyone else, even if I do what they like. I like my gravel drive way. It's "ok" that others done. They don't live here. Doing things on my time and dime.
I live in SE PA and about five years ago my wife and I considered options further south on the east coast. We did I various trip to DE, MD, VA, NC, SC and GA. Florida is just too hot. We also travel to some areas on the west coast. But we kept landing back in PA due to family and friends, also weather is reasonable about 8-9 months a year, and tax friendly towards retirees. So we decided to stay put and travel more often to enjoy some of our favorite places in the USA and outside. We find relatives like to come visit us which always keeps our home full of life. I just retired July 1st and our travel plans for next 2 years are already in place.
Careful on Fort Collins Joe! Cost of living here is likely to put ya back to work! 🤦🏾♂️😳🤷🏾♂️
After moving around alot with the Army but having the house my wife and kids had here in Central KY (maybe an hour and 15 from you Joe) as their home base while I been away, the relationships and the unknown about where the kids may be as they start their careers, it makes sense to home base and stay here like you mention.
Were I to move, it would be to mountains rather than beach, but like you, I see a long-term visit as more appealing. I'm fairly introverted, so moving to a new community and putting myself in exhausting social situations to establish roots does not sound like a relaxing retirement to me. LOL.... I've never wanted to own property and take care of it, so I'm fairly mobile. I may move to a smaller town for economic reasons at some point, but home will probably remain fairly close to friends and family.
I read you, just came back from 12 days in Boquete, Panama.... Exactly what you describe.
The way The Villages has mushroomed, a lot of folks are retiring to Florida- and The Villages is in the center of the state - probably even more are retiring to a coastal community! One thing about these “new” retirement communities is that they lack a sense of place and character. It’s all virtually the same house slammed up to each other with ‘strip retail’ .
The Villages is a nice place to live.
The LAST place I would ever want to live. Give me a house with character and plenty of elbow room!
The Villages is wonderful. It’s about friends and activities. Not the house.
@@lauras908 It's like reliving your high school years.
Nothing wrong with having fun in retirement.
I have a couple friends who have moved to Florida recently and they seem happy. I'm staying put in California where my life and family are.
Likely stay in California also, where our family and friends are
I mean we discussed other places, FL, NV, MI, HI, AZ you name it. Latest was NC and TN. Just visited TN, don't think it's our vibe long term. NC seems nice, visit there at some point but the recent hurricane and storms (likely be a norm now with global warming) , man I'll take smoke from California fires and earthquakes over those any day
@@FIRED13 I kind of feel the same way. There are so many places I love to visit, but I wouldn't want to live there full time, including AK, HI, TN, AZ & UT.
This is a tough one. The benefits of "community" as you age are well researched and understood. Joe, I would assume you are in the minority, with having great community around you. I have lived in Central PA for about 20 years and have established a few relationships outside of the ones from work, but nothing like you have described. I was working and didn't make that a priority, which as I reflect, was a mistake. Lots of books on this topic, like "Bowling Alone" or "The Big Sort". In retirement I've been doing some volunteering and hope to establish new connections.
Enjoy the time with your family and granddaughter. One recommendation for your son in law, the Marine. Make sure he gets and medical pain, ailment, etc from the military documented in his file. It may come in handy at some point, as a Veteran I just recently discovered the access to VA Healthcare that is helping us bridge the gap between early retirement and Medicare.
Thanks for all you do Joe.
Good advice
Be careful if you decide to relocate, you can sometimes pick a house with some really crazy neighbors that make your life miserable. I agree part of Indiana from let's say Bloomington south to Evansville is nicely located as long as you don't mind driving to a big airport (Indy, Louisville). Although like much of the midwest you do get some really weeks , months long bleak cloudy weather in the winter.
Another thing to take into consideration when moving to be closer to gr-kids is that that might be fine in the beginning but eventually those kids will start wanting to be w/ their friends, involved in sports, or whatever.
@@penelope5500 or you get into some type of fight with your kids (the grand kids parents) and they won't let you easily see the grand kids any more.
Orson, Indiana would be my choice😊
I'm right there with you. I live somewhat in your same area and would never move, Mount Washington Kentucky (20 miles south of Louisville).I'm retiring at the end of the year and going down to Ft Meyers for the month of January. That will be plenty.
Good stuff Joe! But I still can’t get past your love of John Denver music 😅
How about Elvis. I’ve been to Graceland.
I want more property. Thinking about raising grass fed beef but don't know anything about it. So that is why i would move.
Love it. 😀
Very wholesome life, enjoy it! I’m retired from the military and spent 10-years living in 4 countries, been to 40-countries and have a foreign spouse. I’ve learned to love exploring different cultures and foods. I’m lucky to have a wife that want to explore the world with me, go to all 7-continents perpetually travel when we retire in 3-years at 50 until we are ready to settle down in our 70s or 80s.
Perpetually travelling is exhausting, especially if you treat retirement traveling like vacation traveling.
@@hanwagu9967 Yes, it absolutely can be, however we plan to travel slowly. Likely spending 30 days in a single location. Spending no more than 2-3 days a week sightseeing and the rest of the time taking care of life like doing laundry, grocery shopping, exercising, travel planning and relaxing.
@@resterAnonyme even traveling slowly is exhausting. I think you need longer than 30 days in a single location, unless you find that location extremely boring. You are just getting into a routine at 30 days. Even if you did the 6mo split, it's really a 4mo one location, 4mo another location, 4mo prepping/moving/re-routining/re-adjusting/re-settling.
I'm moving near one of my kids. This was planned by my wife and daughter. I didn't want to move to E'ville but I like the idea of being close to part of my family. She and her family could move, but it would be a catastrophic event since they own a farm and her husband, a "west-sider" has roots that go to the center of the earth! We do like that housing costs and taxes will be less than Monroe County and we are looking for less square footage to heat and cool. Florida was never a consideration for us.
Wow, there are teenagers in your area who work? Taxes will be the main driver once the other half retires, so we will be moving as quickly as we can to a tax friendly state for residency requirements. Then, we'll divide all our time elsewhere.
We live on a cul de sac with 20 colonial houses in Amherst,N.Y. There’s more dogs on this street than children! My local high school has 1/4 the amount of students as we did 45 years ago. Never have I seen a teenager ( aside from ours )mow lawns or do landscaping. I agree with the tax friendly relocation. We have 75 Catholic Churches closing in the Buffalo area. Our county taxes and health care premiums cost $21,000/year this is what’s keeping me working until age 65.
Enjoyed your video! I've lived in FL over 20 years and love it here but it's not for everyone. You're fortunate in so many relatives and long term friends still live in your area. All of my relatives and long term friends are all over the country so your analysis based on your situation makes sense. Perhaps rent a place in FL for a month or two in the winter and have the best of both worlds without the expense of two homes? It could also be a lure for you're out of town kids to join you there as they'd have a free place to stay.
Sounds like a great plan. I'm one of those that likes life in FL.
I was thinking the same thing.
You're absolutely right, Florida isn't for everyone. Especially for the people who come here and then complain about it constantly.
Common in Mid -Missouri
it keeps getting easier to get around in the Midwest because people have been moving away for decades, Joe. it's too bad. respect your priorities and reasons for staying put for now.
I’ve heard high rise condos are selling like burnt hotcakes there. Homeowner insurance might be a little pricey if you can actually get it. Hopefully you’re ok with an authoritarian governor running the state into the ground too.
Has anyone seen property values in Florida? We live in Florida and have been here for 35 years - downsizing does nothing really for us unless we leave the state . No real value or drop in prices to make it worth it. I doubt you could move from Indiana and bank any funds although maybe the weather is a consideration?
What about house insurance in Florida? I've read that it's insane in some areas due to the hurricanes.
@@BadPhD777 that as well although we live 25 miles inland and not in a flood zone. Anyone within 5 minutes of the water will need to check those rates and I imagine car rates also if budget is a consideration. Pretty much everything has gone up a lot since Covid, errr Biden
Some realtor thoughts. People way under estimate the costs to move as well. Figure pushing 10% to sale and do minor repairs, another 2% or more to buy (not including down payment), a simple Uhaul move is $1000 and likely much more, time and headaches of selling old furniture and then buying new at higher prices, repairs/light remodeling of new place, etc, etc, etc. Visit and rent a furnished place for 3-6 months and verify you actually like the place before moving. Yes, this is not a cheap option but it's usually much less than the above list.
So I should stay in my big house full of stuff and when I die, my kids can deal with all of it 🙂
moved to TX from IL with a 19' Ryder truck in 1998. never again! 😅
@@MidlifeCrisisManagement I did 2300 miles from Tampa to Ogden Utah with a 26 foot truck that had 12,000 pounds onboard and towing a minivan. Darn thing never got above 65... lol
@@ItsEricAZ I towed my Mazda RX-7 on a trailer. don't think I broke 65mph either, but those Ryder truck motors could haul serious payload.
I had not realized you live near Evansville. I am from the jasper area and spent a lot of time growing upon the west side of Evansville. I am also a usi graduate . Small world.
I live in the Indy area, and my desire is to move back to the Jasper are before I retire as that is where all my family is. Winters in southern Indiana are much better than just 3 hours north.
I went to Mater Dei
Once you retire you have to move to Florida. That's the law. (-Seinfeld)
Del Boca Vista is FULL!!!
@@georgekibblin9924 😂 the whole state is full
@@georgekibblin9924 NO ONE TELLS FRANK COSTANZA WHAT TO DO!
Might as well put my face on a wanted poster 🙂 I have ZERO interest in moving to Florida. I've never even visited there, and have no plans to.
Florida is full. Please don't come.
I would not live in the Hoser state if they paid me to. Certainly not in the Bolshevik republics of IL, WI, MN, MI, KY, MO, or AR...
But, family is long dispersed from the midwest and there is no reason to ever go back.
We will likely being in FL where remaining family and low cost of living are still around.
He’ll no don’t move to FL.
And then there is the rather large bugs crawling just behind your left shoulder at 5:30 🐛
Joe, when you talk of visiting a place for a year to experience the culture are you thinking about renting during those months? I like the sound of that, though my wife and I might just choose to do 4-6 month stays just to experience new places. Since our 4 adult kids look like they’ll be in different parts of the country it might be fun to try and do family reunions in different locations. Currently we live in Phoenix and do our vacationing during July and August. Realities are, no matter where you choose to live people tend to move over time whether friends or family.
Would look at options. Don’t want to move furniture and stuff.
@@joekuhnlovesretirement
If my wife and I find a place we like better than our current home then we will spend some time there in the nicer season and during the worst season.
One factor that is also playing a part in our decision is choosing to live in an area with like minded people. We are actually waiting to see how this next election in Arizona turns out. If it goes Blue again we have decided to put moving onto the front burner. We don’t plan on staying for the higher taxes and societal breakdown that will follow. There are plenty of Blue run states & cities showing where these policies lead.
Lived my whole life in Hollywood, Florida. I will retire here. Don't believe all the Florida Man stories. There are 1000s of small beachside communities that will give you that same home town feel.
FL resident here (for now). Unfortunately, lots of trashy bigots here, too
Midwesterners orginally, have been in South Carolina since 1996, so it's home. The "friendliness factor" here is much like the Midwest, we love that. We thought about moving on retirement, but our 4 kids are all in different places... 3 of them (along with my 2 granddaughters) are within 2.5 hours, but in different directions. So why move? Same as you Joe, our roots are deep here, house is paid, cost of living is relatively low. Plus we have quick access to the beach and Smokies/Blue Ridge. We'll need to move at some point, all our bedrooms are upstairs... but no need now. Also, don't want first part of retirement to be about moving! We also hire teenagers... in fact, others doing that for me long ago, helped put me through college!
And you're about 5 seconds walk away from an awesome park for little Miss E.
❤❤❤
Take it from someone who has lived in FL for 40 years. It's turned into a place I can't wait to get out of.
I'm retiring next year and already looking at other states so i can leave this hellhole. The only reason I'm here this long is my job with the state to finish out for my pension.
All of the positives Joe talks about where he lives, none of it truly applies here.
Florida pros:
No state income tax.
3, maybe 4 months of good weather (Dec-Marchish).
Florida cons:
Hot, I mean brutally hot and humid from May to October. April and Nov are just transition months.
Car Insurance.
Homeowners Insurance.
Property taxes.
Home prices.
Insane HOA fees if you're unfortunate enough to pay them.
Traffic. I mean bad, aggressive traffic.
Rude people everywhere.
Very little sense of community.
Job market is lackluster.
Hurricane threat is real people. We are white knuckling it every year from June to Nov. Just look at the last big one, Ian that decimated Ft. Myers.
It just isn't the retirement mecca everyone thinks it is. It's changed so much since I moved here in the 80s.
The Villages is a nice place to live, which eliminates many of your cons.
@bpage3. you are correct about all the cons. I'm a native Floridian but moved elsewhere 45 years ago. Have been in FL a great deal the last 4 years helping family. Went through a year of clearing out & selling a family member's home near Tampa. The property taxes & insurance became unmanageable so he moved out of state. As you mentioned, the traffic is a daily nightmare in many FL locations. In IMHO there are very pluses re: FL. Breaks my heart because I had a delightful childhood of being outside 12 months of the year in paradise.
You're on a roll busting out some great videos lately 😊
Grass is rarely greener elsewhere....thus the reason people flocked to FL in the first place.
I’d rather move to Hawaii.
I met the former senator Evan Bayh. He was nice and took the time to talk to me. I know he’s a democrat but he does come off as man who cares about their community. That seems like an Indiana thing. In Oregon people are sort of mean to some extent and like their boundaries
You’re lucky!
Evansville is wonderful. We have a bunch of family up there.
No, I don’t like these Southern states. Too many issues.
Sorry.....life in Florida is great.....I will stay! We debated moving back to the Midwest where we spent over 30 years......that decision took 5 minutes.....no!
Your family is the most important
I would not move, why are you even thinking of moving
“THIS GUY” 😴
House in upstate NY is paid off, wife is in a nursing home relatively nearby, and I hate the radical Trump Republican personality cult Southern politics. I'm bot going anywhere when I retire in 7 months or so.
No don't come to California, I'm trying to escape from Ca