Is it a sound financial decision to relocate to a cheaper city after you retire?

[Kross]

After retirement, most people don't earn at the same level that they earned previously. And many people relocate and stay in a location that is cheaper after they retire. Do you think it is a sound financial decision to retire to a cheaper location?

 

[aninditasen]

After retirement, most people don't earn at the same level that they earned previously. And many people relocate and stay in a location that is cheaper after they retire. Do you think it is a sound financial decision to retire to a cheaper location?

They have to for retirement a person doesn't have much money to spend.

 

[King Belieal]

Unless the person has a running business in the city, the best decision is to move to a cheaper location after retirement.

 

[Fidelia]

Most people that are employees always relocate to the rural areas after they retire. That's because they have nothing productive doing in the cities and cost of living over there is cheaper.

 

[Springtime]

That is a sound decision. Here, a lot of retired people move to Mainland China to retire. The cost of living is much cheaper there.

 

[eLdavis]

I think it is a sound financial decision, especially if you have everything you need in the new location you are moving to.

 

[King Belieal]

Most people always have their income reduce by 50% after retirement. And in that situation, it makes perfect sense to relocate to cheaper regions.