Frequently Asked Questions

Should I rent or buy when I move to a new retirement city?

Financial experts overwhelmingly recommend renting for at least six months to a year when relocating to a new state. Renting allows you to test out different neighborhoods, experience the true local climate across different seasons, and ensure the community culture fits your personality without tying up your liquid assets in a mortgage or incurring heavy closing costs.

How does moving to a new state affect my Social Security benefits?

Your federal Social Security benefit amount does not change simply because you move to a new state. However, the amount you get to keep might change. While the majority of states do not tax Social Security, a handful still do. Moving from a state that taxes these benefits to one that does not can provide an immediate boost to your usable income.

What happens to my Medicare coverage if I move?

If you have Original Medicare (Part A and Part B) along with a standardized Medigap policy, your coverage generally travels with you anywhere in the U.S. that accepts Medicare. However, if you have a Medicare Advantage (Part C) plan or a standalone Part D prescription drug plan, those are usually tied to specific service areas (like counties or zip codes). Moving out of that service area grants you a Special Enrollment Period to switch to a plan available in your new location.

Are there tools to help me evaluate a city’s livability?

Yes, several resources allow you to dig into the granular details of a potential destination. The AARP offers a Livability Index that scores neighborhoods based on housing, transportation, environment, and healthcare access. Using these tools in conjunction with visiting the city provides a well-rounded view.