Pitfall #9: Moving Far Away from Family

Series: 9 Mistakes to Avoid in Retirement Planning

When you’re not yet retired and planning for the future, it seems wise to move to a low-tax state where the cost of living is low. BUT this may not be the best emotional or financial choice after all. Moving far from family means more money spent on travel. Greater distance can make you feel far, disconnected, even estranged from close family and friends whose relationships mean so much in our golden years.

There’s a lot to weigh, but considering all the pieces is important to avoiding unforeseen pitfalls that can impact your joy in retirement.

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