• Skip to primary navigation
  • Skip to main content

The Hayes Law Firm

Estate and Elder Law Information Center

  • (626) 403-2292
  • Attend a Free Webinar
  • Home
  • Our Firm
    • About Our Firm
    • Virtual Estate Planning
    • About The American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • Speaker Connection
    • Multi-Media
    • Reviews
    • College Internship Program (Marketing)
  • Estate Planning
    • Asset Protection & Business Planning
    • Estate and Gift Taxes: Figures
    • Family-Owned Businesses
    • Financial Planning Assistance
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ+ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
  • Probate Process
    • CA Probate & Estate Planning Savings Calculator
    • California Probate Process
    • Common Probate Questions
    • Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
      • When a Loved One Passes Away With a Trust
      • When a Loved One Passes Away With a Will
    • Why Hire a Probate Attorney?
  • Trust Administration
    • Trust Administration Resources
    • Trust Administration Assistance
  • Resources
    • Feature Articles by The Hayes Law Firm
    • DocuBank
    • COVID-19 Estate Planning Resources
    • Educational Heroes
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Articles
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • FAQ’s for Families Without an Estate Plan
      • Legacy Wealth Planning FAQ’s
      • LGBTQ Estate Planning FAQ’s
      • Trust Administration & Probate FAQ’s
    • LGBTQ+ Resources
    • Newsletters
    • Special Needs Resources
  • Elder Law
    • Are You A Caregiver for a disabled loved one?
    • Coping With Alzheimer’s
    • Emergency Medi-Cal & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medi-Cal Planning
    • Veteran’s Benefits
  • Seminars and Webinars
  • Contact Us
    • Preparing for Your Initial Consultation
  • Blog

How To Pick the Best Place To Retire

William Hayes · Jan 16, 2022 ·

How To Pick the Best Place To Retire – Do you dream of getting out of your area once the kids have moved out and you don’t need to commute? When you’re retired, you have fewer obligations, meaning you can move to any location you can afford. Maybe what that means to you is moving closer to family — or farther away. Maybe you’ll finally get to move to a city you’ve always liked. In any case, a retirement move is different from any other kind. Here are some considerations unique to the retirement move.

What’s the cost of living like?

When you’re working, you often end up moving to expensive cities with great restaurants and nightlife, but you may be too busy to explore. In retirement, though, you’ll have a lot of time on your hands and only a fixed income. Choose an area where you can do dinner and a movie regularly without breaking the bank.

What do locals do for fun?

Choose a location where you’ll be able to fill up your days with activities that you like. Perhaps to you that means living near a city center with museums and parks. Perhaps it means living somewhere with hiking and fishing, although it might not be a good idea to live anywhere too remote. Remember that you’ll have more time on your hands than you ever had before, so look for someplace where you’ll know your neighbors and won’t have to drive too far to get to the shops.

Is it better to rent?

Even if you owned your home before, it may be best to sell it to liquidate its equity. Then you can use that money to rent a house or an apartment at your new location. The nonfinancial advantage is that it places the responsibility for maintaining your home on the owner. As you get older, you may find that it’s nice to have someone else shovel the driveway and clean the gutters.

What are the taxes like for retirees?

Some states tax income from a job but not from Social Security payments. That means that places you think of as high tax may not be high tax for you. You may also want to find out whether your new state has an estate or inheritance tax that would affect you.

Will I have health care?

If you’re still on your company’s health plan, will you be able to keep it if you move? Your health is going to be a larger and larger concern throughout your retirement, so make sure to move somewhere you can get health care. Besides funding, consider whether you’ll be close to a hospital and in an area where it’s not too hard to find specialists.

Retirement rids you of many responsibilities, freeing you to move wherever your dreams take you. But it also comes with special considerations. Make sure you make the choice that’s right for you — after getting advice from qualified financial professionals.

Copyright, 2022

Did you enjoy reading, How To Pick the Best Place To Retire?

 Interested in learning more about this subject? Attend our upcoming estate planning webinars!

Have You Properly Protected Your Loved Ones? (FREE Estate Planning Workshop), Trustee and Power of Attorney Training School Webinar, Medi-Cal Webinar, and/or Probate Webinar. Get registered today for our estate planning webinars!

This website is not intended to be a source of solicitation or legal advice. General information is made available for educational purposes only. The information on this blog is not an invitation for an attorney-client relationship, and website should not be used to substitute for obtaining legal advice from a licensed professional attorney in your state. Please call us at (626) 403-2292 if you wish to schedule an appointment for a legal consultation.

For more information about The Hayes Law Firm, visit our Google My Business page.

How Divorce Affects Your Estate Plan
The Hayes Law Firm Offices in South Pasadena, CA
How Divorce Affects Your Estate Plan
Don’t just take it from us. Read why others have rated The Hayes Law Firm, a “5-star” law firm.

Thanks for reading, How To Pick the Best Place To Retire!

  • Author
  • Recent Posts
William Hayes
William Hayes
As an attorney in private practice in Los Angeles County, California William Hayes provides extensive estate and tax planning services to individuals and businesses in Los Angeles, Pasadena, Glendale, Burbank and surrounding communities. Attorney Hayes’ primary focus is to help clients avoid probate, protect their assets, and provide for the security of their loved ones with a well-crafted estate plan. He believes in giving each client the time needed to explain his or her needs and wishes and then dedicates his efforts toward making the client’s desires clear in their final estate plan.
William Hayes
Latest posts by William Hayes (see all)
  • Travel Tips for Senior Citizens - May 23, 2022
  • Trusts for Those With Addiction Problems - May 22, 2022
  • What to Know About Credit Scores - May 9, 2022

Blog Subscription

Sign up for our newsletter and get our news straight to your inbox!

Stay Informed

Where we are

The Hayes Law Firm
729 Mission St. #300
South Pasadena, CA 91030
Phone: (626) 403-2292
Fax: (626) 403-2299
Proud Memberaaepa

Office hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM

Map

map
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. The information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

© 2022 · American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Sitemap | Contact Us