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

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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. 

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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