Why Moving South Makes Financial Sense?

Please welcome another post contributed by Becky. Thanks!

Your idea of retiring happy may include leaving the cold weather behind and spending your remaining years in Ft. Lauderdale. With so many active adult communities in the area, you are certain to find a new home that’s perfect for you. Of course, you may worry about available space if you downsize. Don’t stress — just rent a storage unit to help downsize without selling your things. 

But, why retire down south?

Although Florida is a top vacation spot, many families call this state home. There is no shortage of quiet, affordable communities throughout the state. And if you’re looking to reduce costs, this state is a top pick

1. Affordable communities. 

Florida has a growing retirement population. As a result, senior citizen and active adult communities are popping up throughout the state. Some of these communities are comparable to small cities, with restaurants, grocery stores, hair salons and other conveniences on site. Take your pick. The options are plentiful and there’s something for everyone. Maybe you prefer a single family home off a golf course, or perhaps a condo that requires little maintenance. Ft. Lauderdale is an excellent choice, but other sought after cities include Tampa, the Keys, Miami and Ocala.

The cost of living is notoriously high in some states, and if you’re looking to stretch your retirement dollars, moving south makes financial sense. There are upper class communities throughout Florida. But if you’re looking for a simple, middle-class home in a nice area, the prices are reasonable and low in comparison to other parts of the country. Depending on how much equity you have in your present home, you can perhaps sell and use the proceeds to purchase your Florida home outright.

2. Warmer temperatures equal better health.

Talk to anyone who suffers from arthritis and other inflammatory conditions and they’ll relate the impact cold weather has on their joints. Why live in agony for six months out the year? Plus, the more aches and pains you feel, the higher your medical costs.

Some northern parts of Florida experience cooler temperatures during the winter months, but that’s not always the case in South Florida. There may be the occasional cool day or night, but overall, winter temperatures rarely drop below 60 or 70 degrees. In fact, it’s not uncommon to see people on the golf course and beach in the middle of January.

Moving to an area with warmer temperatures can decrease arthritis symptoms and lower your risk for colds and the flu. This results in fewer trips to the doctor, and perhaps fewer medications. In the end, you keep more cash in your pocket.

3. Reduce travel expenses

The state of Florida has plenty to offer with regards to entertainment and activities. With major attractions, beaches and museums only a few hours away, imagine how much you’ll save on vacations each year. And because many cruise ships sail from Florida, you can take a cruise vacation and avoid airfare.

Not sure whether sunny Florida is the right choice for you? Plan a trip, check out the area and see what the state has to offer. Your retirement years should be fun and stress free. There is no better place to clear your mind and experience real fun post retirement.