We’ve all heard it a million times: Location, location, location.
The old adage is just as important when downsizing upon retirement as it when buying for the first time. In addition to understanding how your taxes and other expenses will be affected by your new locale, it’s also a good idea to keep your healthcare options in mind.
“As you age, even if you’re healthy now, you may need to visit hospitals more frequently,” explained Scott Bishop, director of financial planning with STA Wealth Advisors in Houston, Texas.
Image via flickr/Marc Levin
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