Green Retirement Blog

Where to retire, after where to invest, is perhaps the biggest concern of people planning their retirement. This topic is so large, that one blog post can’t hope to answer the question, thus the category “Places to Retire” has been created to deal with the issue.

But we can start by answering the question - “What is the impact, of retirement location, on retirement planning?” The answer is, and you don’t need me to tell you this, very large.

More than where you live, the cost of where you live, is the important part of retirement planning. Before determining where you want live, you should determine what is your retirement housing budget. How much do you have to spend for housing in retirement?

I use the old mortgage industry ratio, of housing expenses should not total more than 36% of income, to determine the amount available to pay for retirement housing expenses.

That means for instance, if after doing your retirement plan you calculate that your monthly retirement budget is $2,750, then your monthly retirement housing budget should be $1,000.

Once you determine your retirement housing budget, then you can begin the debate between, city versus country, mountains versus beach, staying where you are versus living overseas. We’ll get into all of that in future posts.

Green Retirement Planning