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Retirement Planning
Chapter 15: Retirement Income & Distribution Planning/HOUSING DECISIONS: STAYING IN THE EXISTING HOME
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Chapter Study Session

Chapter 15: Retirement Income & Distribution Planning

HOUSING DECISIONS: STAYING IN THE EXISTING HOME

01.Core Concepts

• Assess the current home for potential changes. • Is the home accessible from the parking area • Hills, street-side, stairs, wheelchair access, etc. • Living space • Bedroom, bathroom and laundry on the first level • Safety • Stairs, handrails, bathtub vs walk-in shower • Maintenance • Grass cutting and landscaping • Snow removal • Gutter cleaning HOUSING DECISIONS: MOVING TO A NEW CITY, STATE, OR COUNTRY • Reasons retirees may want to move at retirement: • Lifelong dream • Closer to family • Returning to an area they used to live • Lower cost of living or taxes • What to plan for: • New routines • Making new friends and support systems • Establishing new service provides and doctors • Expenses associated with relocation • Realtor costs • Moving and packing household