Traditional vs non-traditional retirement

Retirement Options – Traditional or Non-Traditional? Retirement is not a “one size fits all” solution. Some retirees are searching for a great 55+ community, while others would rather age-in-place. Some are choosing to pack up and hit the road or are seeking alternative options for retirement. You need to evaluate your needs both currently and in the future to help determine where you would like to retire. Here are some great alternative retirement options.

Non-Traditional Retirement Options

  • Crusing Lifestyle – Living on a cruise ship on a semi full-time basis. Unlimited food, maid service, entertainment, travel, access to health care and endless socialization opportunities.
  • RV Living – Hit the road in your home on wheels! Spend your time exploring and discovering new desitinations.
  • Working Retirement – Continue working to help supplement income. This option also keeps people mentally challenged and physically active. Many engage in part-time or seasonal or volunteer work.
  • Going Global – Moving to a foreign country can offer lower cost of living and access to medical care. Mexico being the most popular and a less-expensive destination.
  • Co-Habitats & Multi-Generational Living – Creating a living space in a family member’s home is a great way to keep independence, but still remain close. Often these are in-law suites or tiny “apartments” above garages.
  • College Towns – A college town environment offer access to great libraries, classes, athletic facilities and sporting events. Many offer free classes to seniors as well.
  • Interest-Based Communities – “Interest group” retirement communities are an increasingly popular option. If you have a particular interest, chances are there is a community waiting to welcome you!

Choosing Retirement Destination

When deciding where your retirement destination should be, consider the following factors:

  • Accessibility to health care – Be sure to have access to quality health care professionals and hospital services.
  • Affordability – Look for cities with housing options below the current median price.
  • Employment – Invesitigate employment opportunities if you feel as though you would like to continue to work past retirement. Be aware of commute congestion.
  • Aging In Place – How will the community serve your needs in the future. What services are available to seniors?
  • Travel – Is there easy access to highways and airports?
  • Climate – Many people become more sensitive to both heat and cold as they age. Be aware of your retirement desitnations average temperatures.
  • Interests – Are there activities/clubs, recreational activities, continuing education etc?
  • Age restrictions or Mixed Age Community – Are you going to prefer living among an adults-only community, or would you rather live in a mixed-age community?