16. Consider Relocating To Save on Living Costs
Most retirees, when asked about relocating during their golden years, claim they’d do so for a change in scenery or for better weather. Others wish to move closer to their families.
But if you’re planning on a move, you should consider the financial benefits of doing. No, really, when it comes to relocating money should be at the top of your list. You could save on housing costs and taxes if you do plenty of research beforehand.
So if you currently live in a place where the cost of living is high, it’s no wonder you’re worried that your retirement savings won’t last. But moving to a different city, state (or even country), you could save thousands of dollars. Pair this up with downsizing and even renting a place and you could even retire richer.
