When you are ready to retire, there are three things you can do to boost your spending power – like the story of the three best things in real estate being location, location, location; the three things are relocate, relocate, relocate. See this article in Money Magazine by Walter Updegrave for more information on advantages to finding another place to live:
Always remember that saving money in an area you hate may not be the best solution. One good planning move may be to spend the last ten years before retiring doing some research about where you want to live when you finally do retire, then find a place you can save some money on over your current area. If this doesn’t work, maybe you should stay where you are if you still love the area you live in.
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