Retire Early
Lifestyle
Retirement; like your parents, but way cooler
In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience. |
|
How to
Choose the Right Community for Early Retirement
Jonathan Bigly
pexels.com
While retiring early is still rare, the movement toward early retirement has
grown in popularity in recent years. Currently, around
2% of Americans retire in
their 40s. There are many reasons why people choose to retire early including
the desire for greater personal freedom and the ability to dedicate more time to
passion projects and pursuits. This trend, also known as the ‘Financial
Independence, Retire Early’ or FIRE movement encourages people to prioritize
saving and investing in order
to achieve financial independence much earlier
than the traditional retirement age.
For
some early retirees, joining a community where like-minded people are based can
be appealing. In this article, we will explore some of the factors to consider
when choosing the right community for early retirement.
Location
When choosing a new country, neighborhood or community to retire in it is
advisable to choose one that aligns with your lifestyle preference, future goals
and desires. For instance, many early retirees choose to quit the rat race early
in order to enjoy more time in the great outdoors.
For
such individuals, a community that is located in natural surroundings or one
that has access to plenty of green spaces can be ideal. Perhaps it is a coastal
community located near the beach or one that is nestled in the mountains,
allowing retirees to enjoy long hikes in the summer and skiing in the winter.
Amenities
People choose to retire for a variety of different reasons. For some, the
decision to leave a big city and move somewhere more remote or rural can allow
them to live a simpler life and enjoy a deeper connection with nature. The need
for amenities such as large supermarkets may not be appealing to individuals who
decide to cultivate a plot of land and
grow their own produce. Instead, small
farmers’ markets or local organic supply stores may be more desirable.
On
the other hand, retirees seeking a more vibrant and socially active lifestyle
may prefer amenities like restaurants, cinemas, art galleries and cafes on their
doorstep, enabling them to enjoy a lively and entertaining atmosphere in their
new community.
Cost
To
ensure a long and fruitful early retirement, it is essential to choose a
community that aligns with an individual’s
financial means and budget. Whether
it's a rural retreat or a more vibrant urban community, factoring in living
costs such as accommodation, healthcare and local amenities can ensure an
affordable and enjoyable lifestyle.
In
addition, it is advisable for individuals to understand how accidents and
injuries are handled in a chosen community to help them navigate potential risks
and ensure their assets and future wealth are adequately protected, particularly
in case of unexpected medical or legal expenses. For more information on these
matters, it can be helpful to talk to personal injury lawyers such as
Munley Law
who operate in the community that is being considered.
By
taking these factors into consideration, early retirees can make an informed
decision regarding their retirement plans, ensuring a future that meets their
lifestyle goals and enhances their personal wellbeing.
About the Authors
Retire
Early Lifestyle appeals to a different
kind of person – the person who prizes their
independence, values their time, and who doesn’t
want to mindlessly follow the crowd.
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