my criteria would be -
1 - close to kids and grandkids but not too close
2 - somewhere where the cost of living is low.
3 - somewhere that has good accessable healthcare
4 - somewhere that has low traffic volumes
5 - somewhere where the air is clean
in retirement
The number of years one spends in retirement can vary widely depending on various factors such as life expectancy, retirement age, and health. On average, people are typically expected to spend around 20-30 years in retirement. It's important to plan and save accordingly to ensure a comfortable and financially secure retirement.
An active retirement home is a great place for a active senior to spend their last years in. The best website to find out more about these retirement situations is www.activeadultliving.com.
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Some place to spend retirement money is as near as the nearest AAA office to get tickets to a train for an example to visit all the states in the United States if that has been a life goal. Other places other than traveling to spend retirement money could be to help a granddaughter or a grandchild to enter college by paying the application fee to get the parents started on investing in their child's future.
The retirement income calculator calculates how much you can retire with with the income that someone is earning at the moment. It tells how much you can spend and what kind of life you can live.
There are a number of reputable retirement resorts in the state of Florida. The Villages is just one example. It's really a matter personal preference, location, and how much you are willing to spend. http://www.retirementhomes.com/homes/Florida-retirement-resorts.html
His retirement home is the Mater Ecclesiae monastery in the Vatican Gardens near St Peter's, formerly home to 12 nuns, where he moved on May 2, 2013.
It depends what you want for your future. If you want around the clock care you would want to move into a retirement home. They can also be nice because you don't have to spend time and energy taking care of a home and yard and spend time with you family.
While there is probably statistics on the average retirement amount to live off, the answer to this question depends on a person's specific financial situation. Typically you spend about 75% of your pre-retirement spending during the initial years of your retirement. This amount increase each year during your retirement by inflation. Therefore you need to generate enough retirement income to cover your specific retirement spending. This is difficult to calculate for some people. I suggest visiting the Retirement Calculator at VestingPoint.com (see link). It will help you determine how likely you are to have enough money for your retirement. You can try the site for free.