I hear a lot of people talk about moving when they retire. They want to head to a third world country to get the biggest bang for their buck. Or they talk about moving way out in the boonies, where housing prices are lower and the cost of living, in general, isn’t as costly. These ideas make sense, but there are several factors to consider.
First and foremost, to my mind, is healthcare. The older you get, the more prone you are to catastrophic health issues. Do you have quick access to a hospital if you have a heart attack or stroke? More importantly, is it a hospital you feel you can trust to give you the best care? It’s all well and good to live in a shack on an island in the middle of the south Pacific, but it would be unfortunate to have to fly 3,000 miles to cope with an unexpected allergic reaction to coconuts.
Another thing to consider is the isolation factor. The older you get, the more isolated you become. Younger people get impatient with your slower pace and your antiquated opinions and your oft-repeated stories. That seems to be a part of the circle of life. But do you want to isolate yourself even further by putting miles between yourself and your family and friends? Sure, Skype exists, but it doesn’t feel as good as a hug.
Also, it’s important to remember that rural locations don’t have as much ready access to the services you might well need. Counseling. Grief support. Adult Protective Services. Home health aids. Tow trucks. Public transportation. Grocery stores. Maids. Airports. Libraries. Pizza delivery. While it’s possible to get by without these things, it’s a lot less pleasant.
The thing that would drive me the most crazy would be the boredom. And boredom, combined with isolation, can lead to depression. I never thought I’d say this, but you can only read so many books, especially if your eyesight is failing. You can only play so many games of solitaire, or watch so much TV.
I’d miss being able to go to restaurants and concerts and movies and festivals. I’d miss having options. I don’t want to bury myself in a casket before my time. I will want to continue doing things when the mood strikes, even if it doesn’t strike as often as it once did.
Yes, it’s a great idea to stretch your retirement dollar, but look before you leap. The sacrifice you make may be more extreme than you intended. You get what you pay for. Find a healthy balance.