Numbers Don’t Lie: Why Planning Matters More Than Ever
Let’s talk reality: in just the past five years, the cost of living has jumped 23%, according to the Bureau of Labor Statistics (BLS). That’s based on the Consumer Price Index (CPI)—the tool that measures the average change in prices over time for goods and services like groceries, gas, utilities, healthcare, and housing.
Here’s the breakdown:
Housing alone accounts for about 33% of household spending for retirees (U.S. Bureau of Labor Statistics, 2023).
Healthcare, another major category, is expected to grow faster than inflation—retirees are estimated to spend $315,000 on out-of-pocket medical expenses over the course of retirement (Fidelity, 2023).
Utilities, maintenance, and property taxes have also crept upward—costs that can quietly chip away at even the most well-planned nest egg.
So, if you’re wondering will my money last? —you’re not being paranoid. You’re being smart.
The Power of Relocating or Downsizing.
What’s the one thing you can control in this equation? Where—and how—you live.
Relocating to an area with a lower cost of living can significantly reduce monthly expenses. Whether it’s moving out of a high-cost metro, downsizing to a smaller home, or shifting to a tax-friendly state, these are all strategic ways to stretch your savings without sacrificing quality of life.
Location Still Matters
Just in New Ways.
Think of location as your retirement sidekick. Not only does it impact your cost of living, but also your access to healthcare, transportation, social opportunities, and recreation.
Ask yourself:
Do I want to live closer to family, especially grandkids?
Would I enjoy a walkable community with nearby shopping and dining?
How important is access to world-class medical care?
Am I looking for a quieter, slower pace—or one with more activity?
Sometimes it’s not about crossing state lines. A move just 30 minutes away—from urban core to suburban bliss—can reduce expenses and improve daily life dramatically.
Equity: Your Secret Weapon.
If you’re a homeowner, your house may be doing more than giving you shelter—it may be quietly building wealth. Thanks to the recent market, many retirees are sitting on substantial home equity. According to CoreLogic, the average homeowner gained over $27,000 in equity in the past year alone.
Selling your current home & tapping into equity could:
- Fund your next home purchase (possibly mortgage-free)
- Boost your retirement savings
- Eliminate costly maintenance or renovations needed on your current home
- It’s not just downsizing—it’s right-sizing your life.
You Don’t Have to Navigate This Alone.
This next chapter deserves thoughtful planning, and a real estate agent with local and national connections (me!) can help guide you through your options. Whether you’re:
- Downsizing to a home with fewer stairs and more sunshine
- Moving closer to loved ones
- Relocating to a more budget-friendly town or state
…I’ve got you covered with expert advice, market knowledge, and a heart for helping people like you find the place that truly fits.
Need help evaluating your current home’s value? Wondering what your equity looks like? Curious about options in other states? Let’s connect and explore what’s possible.
You’ve earned this freedom.
Let’s talk about how to make your retirement vision not just a dream—but a well-planned reality.
