Retirement: 10 Questions to Help You Decide Where to Live

Years before my husband retired we startedin a better place. Health may determine where
thinking about where we would live. Ouryou live.
homework included attending seminars, reading7. WHAT ARE THE TAX RATES? Minnesota has
books, and seeking expert advice. From thisa 6.5% sales tax and the city of Rochester adds
research we developed 10 key questions. Thesemore. Our taxes are a bit high, but we are willing
questions helped us find our retirementto pay them for the quality of life we enjoy.
community and they may help you so the same.Taxes can be a big budget item so do your
1. WHERE DO YOU FEEL THE HAPPIEST?research beforehand.
Minnesota is a vacation destination for thousands8. WOULD YOU HAVE ACCESS TO CULTURAL
of people. Since we were already in "vacationEVENTS? Rochester has many cultural events
land" there was no reason to move. We areand if we want more we drive to Minneapolis-St.
happy here.Paul. Friends have moved to university towns to
2. DO YOU WANT TO BE NEAR FAMILY? Wetake advantage of concerts and seminars. Your
live in Rochester, Minnesota and many relativesretirement place may depend on the arts.
also live here. We love being with them, especially9. WHAT WOULD YOUR CURRENT HOME NEED?
our twin grandchildren. Family plays a big part inOur home is 18 years old now. To keep it market
where you live.ready have painted walls/trim, remodeled the
3. HOW MUCH SPACE DO YOU NEED? Downsizingkitchen and master bath, installed new carpet,
was appealing, but we could not make ourselvesadded book shelves and a second fireplace. You
do it. We live in a three level home and it worksmay wish to get professional advice about home
for us. Determine how much space you will needtrends.
in retirement. A smaller place may be a better fit.10. CAN YOU AFFORD TO LIVE IN YOUR
4. DO YOU LIKE THE CLIMATE? We have lived inCURRENT HOME ON A RETIREMENT INCOME?
the South and, though we enjoyed it, missedFor us, staying put was cheaper than moving.
having four seasons. The Minnesota climate suitsOlder homes were not selling and local realtors
us just fine. Other climates may suit you.told us to stay put if we could afford to. It was
5. WOULD YOU HAVE A SUPPORT SYSTEM?good advice.
We have an excellent support system: family,Many baby boomers are making the same
church friends, community contacts, and socialdecision. Sixty per cent of baby boomers plan to
services. Evaluate your support system beforestay in their current homes, according to
you decide to move away from it."Retirement Living News," an electric newsletter
6. IS MEDICAL CARE READILY AVAILABLE?published by Instead of moving to a retirement
Rochester, Minnesota is home of Mayo Clinic so itcommunity you may discover, as we did, that
is a retirement destination for many. When ityou are already there. Welcome home.
comes to top-notch medical care we could not be