Frequently Asked Questions

What percentage of retirees regret moving after relocation?

While precise regret rates vary, study data shows that roughly 38% of retirees relocate, and between 55% and 76% express overall financial or lifestyle regrets during retirement. Misjudging the true cost of living, feeling isolated from family, and experiencing health network gaps represent the main causes of relocation regret.

Is it better to rent or buy when moving for retirement?

Renting for 6 to 12 months is almost always better when moving to a new city or state. Leasing preserves your cash, provides an easy exit option if the location fails your expectations, and gives you time to evaluate specific neighborhoods before committing your home equity.

Which states saw the largest retiree out-migration recently?

In 2024, California and Virginia saw the highest net out-migration of relocating retirees. High overall housing costs, heavy tax burdens, and high costs of living drove many older adults out of these states toward top destination markets like Florida, Massachusetts, and Minnesota.

How does moving to a new state affect Medicare coverage?

If you have Original Medicare (Parts A and B), your coverage remains valid nationwide with any doctor who accepts Medicare. However, if you hold a Medicare Advantage (Part C) or Part D prescription drug plan, moving out of your plan’s service area triggers a Special Enrollment Period, requiring you to switch to a local plan in your new state.