With millions of baby boomers in their 50s and 60s, financial planners are seeing a surge of clients retire. For many of these seniors, once they are no longer tied to a workplace, thoughts immediately turn to changing their place of residence. This may be a good idea or it may not; the decision is often not as clear-cut as many couples assume.
“Relocating is exciting, but often more daunting than people anticipate,” says Jennifer Cray, partner at Investor’s Capital Management in Menlo Park, Calif. Providing a realistic view of what relocation will mean financially will help lead to well-informed decisions.
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