Planning for Retirement? Make Sure Your Home Fits the Dream

Retirement marks the start of a new season—one where you finally have the time to do what matters most to you. Whether that’s traveling, discovering new hobbies, or simply enjoying quieter days, it’s all about designing life on your own terms.

But with this exciting shift comes a question worth asking: Does your current home still fit the lifestyle—and budget—you envision in retirement?

That question is even more relevant today, as the cost of living has risen 23% over the past five years, according to the Bureau of Labor Statistics (BLS). Their data, based on the Consumer Price Index (CPI), shows just how much the prices of everyday goods and services have gone up—making it essential to think strategically about how to protect your savings through retirement planning.

The good news? You may have more flexibility than you realize.

Many retirees are making moves that allow their dollars to go further—relocating to areas with a lower cost of living, downsizing, or trading city life for the quieter, more affordable suburbs. This not only helps reduce monthly expenses like housing, utilities, and taxes but also opens up room in the budget for more of what you love: spoiling the grandkids, exploring the world, or simply relaxing in peace.

You don’t have to move, but it’s wise to consider your options and weigh them against your goals and long-term plans. As Go Banking Rates puts it:

“How much you should have saved for retirement depends on a few key factors, including your location. Where you choose to spend your golden years is critical.”

Even small location changes can make a big impact—like moving just outside the city limits or to a more retirement-friendly neighborhood.

If you’re starting to wonder what this next chapter could look like and whether your current home still aligns with it, I’d love to help you think it through.

Whether you’re planning to downsize, move closer to family, or explore new possibilities altogether, I’m here to guide you every step of the way.

Call me, Teresa Hill, to talk about your goals and how we can make your retirement planning vision a reality. You’ve earned this season—let’s make the most of it.

Information sourced from Bureau of Labor Statistics, Go Banking Rates, NAR, Realtor.com, & Keeping Current Matters