: Should I move to a 55 and older community when I retire?

by | Oct 12, 2022 | Stock Market

When Mark Moore retired several years ago, he and his wife, Renee, thought about whether to stay in their home of 30 years near San Jose, Calif., or to move to a continuing care retirement community.  “We could have chosen to stay in the Bay Area in a smaller house but our taxes would have gone up,” Mark Moore, now 75, says. “We looked at some CCRCs, and thought we weren’t quite old enough.” Instead, they decided to look at 55-plus places situated about 150 miles from their home.

“We wanted to stay close to the Bay Area,” where two of their three adult children live, he says. The other lives in Colorado. Read: A retirement safe from climate change? Ask the tough questions about real estate and property insurance In fact, the Moores had a list of what they wanted when they sold their home and relocated: A one-level home, not too far from an airport, close enough to their healthcare plan’s services, low risk of earthquakes. “There are a lot of things for people to think about,” says Renee Moore, now 73. “It’s not clear-cut. Make a list of what’s important…because different people care about different things.”   Read: Forget pickleball and golf. These communities centered around farms or gardens are redefining retirement The choices for retirees and preretirees have expanded. To move or stay in place? That can be the question for those conside …

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