RETIREMENT PLANNING: THINK TWICE, MOVE ONCE
Personal Finance|November 2022
10 unexpected but crucial) considerations when choosing where to retire
- GUS VAN DER SPEK
RETIREMENT PLANNING: THINK TWICE, MOVE ONCE

CHOOSING WHERE to retire is one of the most important decisions a person will make in their lifetime. With many retiring in their mid-60s and human life expectancy at the highest it's ever been, the odds are that retirees are stuck with the retirement living option of their choice for at least a decade, if not more.

Moving is stressful at any age, but it becomes much harder when you're older.

To avoid this stress, some stay in a home that they're unhappy with-an outcome that is truly devastating considering that these are meant to be the 'Golden Years'.

In making a decision about where to live, many retirees focus on the obvious considerations: well-trained staff, adequate healthcare facilities, comfortable rooms, and affordability. These factors are important, but given the weight of this decision, it's necessary to 'go deeper'.

There are certain 'hidden factors' that play an equally important a role in improving quality of life, and possibly even extending it. Careful consideration of a retirement home can make all the difference.

It's therefore important to choose a retirement living option that ticks all of the following boxes, not just the obvious ones.

1. Community

As people get older, it is almost inevitable that their social circles will shrink. To avoid the negative physical and mental health implications of isolation, retirees should determine if the retirement living option they're considering has measures in place to promote social interaction.

この蚘事は Personal Finance の November 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Personal Finance の November 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

PERSONAL FINANCEのその他の蚘事すべお衚瀺
'Hack' your money psychology
Personal Finance

'Hack' your money psychology

Spending too much money? Tempted by sales? These money psychology hacks’ can help

time-read
4 分  |
February 2023
Accounting tips for small businesses
Personal Finance

Accounting tips for small businesses

It's important to properly manage your business finances

time-read
5 分  |
February 2023
KIDS AND MONEY: FIVE WAYS TO START THE CONVERSATION
Personal Finance

KIDS AND MONEY: FIVE WAYS TO START THE CONVERSATION

WHEN IT comes to teaching young children about the world, parents may feel that some topics—like politics and religion—are too tough to broach.

time-read
4 分  |
February 2023
REDUCE THE PAIN OF DOWNSCALING
Personal Finance

REDUCE THE PAIN OF DOWNSCALING

Investing in a holiday home as a retiree

time-read
3 分  |
February 2023
THE RISKS INVOLVED IN INVESTING
Personal Finance

THE RISKS INVOLVED IN INVESTING

Finding the balance between eating well and sleeping well

time-read
2 分  |
February 2023
TESLA: WHY IT MIGHT BE TIME FOR MUSK TO GO
Personal Finance

TESLA: WHY IT MIGHT BE TIME FOR MUSK TO GO

What 2023 holds for the electric vehicle company

time-read
4 分  |
February 2023
FINDING SOMEONE TO STEP INTO YOUR SHOES
Personal Finance

FINDING SOMEONE TO STEP INTO YOUR SHOES

The Eskom crisis demonstrates again the importance of proper succession planning—loDSA

time-read
1 min  |
February 2023
BORROWING MONEY ISN' ALWAYS A BAD THING
Personal Finance

BORROWING MONEY ISN' ALWAYS A BAD THING

On the contrary, debt can be a sensible way to build wealth

time-read
4 分  |
February 2023
WILL SOLAR POWER INCREASE THE VALUE OF YOUR HOME?
Personal Finance

WILL SOLAR POWER INCREASE THE VALUE OF YOUR HOME?

The upfront investment is high, which you'll want to recover when you sell

time-read
3 分  |
February 2023
WHERE NEXT FOR THE GLOBAL ECONOMY?
Personal Finance

WHERE NEXT FOR THE GLOBAL ECONOMY?

Why central banks face an epic battle against inflation in 2023

time-read
5 分  |
February 2023