The World’s your Oyster

Deciding where to live later in life is a significant decision that requires careful thinking through. As you age, your priorities and needs may change, so it's important to think about the various factors that will impact your quality of life and overall well-being. Here are some key things to consider:

1. Healthcare Access: Access to quality healthcare becomes more important as you age. Consider the availability of medical facilities, specialists, hospitals, and healthcare services in the area.
2. Climate and Environment: Think about the climate and environment of the area. Consider factors like temperature, humidity, air quality, and how they might impact your comfort and health, especially if you have specific medical conditions.
3. Proximity to Family and Friends: Being near loved ones can provide emotional support and assistance when needed. Consider whether you want to be closer to family and friends or if you're open to relocating to a new community.
4. Cost of Living: Evaluate the cost of living in different areas. This includes housing costs, property taxes, utilities, groceries, transportation, and other everyday expenses. Make sure your retirement income can comfortably cover these costs.
5. Housing Options: Think about the type of housing that suits your needs as you age. This could be a single-family home, condo, apartment, retirement community, or even assisted living facilities if health needs require it.
6. Connectivity: Think about your needs in terms of network connectivity to ensure you can remotely continue to potentially running a business or keeping in touch with family
7. Transportation: Consider the availability and convenience of public transportation options, as well as the ease of driving. Accessibility to transportation becomes more important if you eventually need to limit or stop driving.
8. Recreational and Social Activities: Look for areas that offer recreational activities, cultural events, clubs, and social opportunities that align with your interests and hobbies.
9. Safety and Crime Rates: Research the safety of the neighbourhood or town you're considering. Low crime rates and a sense of security are especially important for seniors.
10. Accessibility: Consider the accessibility of the area, including the availability of senior-friendly infrastructure, such as ramps, sidewalks, elevators, and easy access to public spaces.
11. Local Services: Explore the availability of nearby services such as food stores, pharmacies, banks, local clinics and other essential facilities that you may use regularly.
12. Long-Term Care Options: Research the availability and cost of home healthcare services, assisted living facilities, and nursing homes in the area, even if you don't need them now. Planning for potential future needs is wise.
13. Tax Considerations: Different regions have varying tax policies, including property taxes, income taxes, and exemptions for seniors. Research how these taxes could impact your financial situation.
14. Cultural Fit: Consider whether the local culture, community values, and lifestyle align with your own preferences and personal values.
15. Resale Value: If you're buying property, think about the potential resale value of the home in case your plans change in the future.
16. Legal and Estate Planning: Check local laws, regulations, and estate planning considerations that might impact your financial and legal situation.
17. Quality of Life: Ultimately, aim for a location that enhances your quality of life, provides you with opportunities to stay engaged, and supports your well-being as you age.

We recommend visiting potential locations, talk to locals, and gather as much information as possible before making a decision. Consulting with a financial advisor, legal counsel, and healthcare professionals will also ensure you're making a well-informed choice for your later years.