When thinking about retirement, where you plan to live is a big factor. There’s a lot to consider when picking the place you want to live after retirement. Depending on your lifestyle, you may consider living abroad. Retiree’s who are interested in living abroad have a lot more factors to take into account, such as healthcare, transportation and language. Here are some important issues to think about before you make the move abroad:
Many couples have separate bank accounts, with a shared or communal account to pay household needs and expenses. Both may contribute equally to the account, but still maintain individual checking and saving accounts. With a second marriage or both working outside the home, an arrangement like this is common. But when it comes to retirement, how does having separate accounts affect your retirement?
There are a lot of factors to consider in determining where to retire. It can be exciting and overwhelming. Luckily, WalletHub compared all 50 states on 41 different qualities they felt related to “retirement-friendliness”. The analysis considered factors like affordability, health-related factors and overall quality of life.