Part II: Geographic Freedom
In Part I of this article we discussed the benefits of geographical freedom are many and varied, and can result in higher productivity, greater life satisfaction, and a better work-life balance. The ability to work and live from anywhere is becoming a standard for modern businesses and individuals seeking retirement freedom and flexibility.
If you are considering moving from your current location, here are three more Lifestyle Tools to consider for your new forever home.
PROXIMITY TO FAMILY AND FRIENDS
When considering a move, one important factor to take into account is the proximity to family and friends. This can have a significant impact on both a personal and professional life. Being close to loved ones can provide a support system for challenges and difficulties, as well as offering a sense of belonging and community. On the other hand, moving farther away can open up new opportunities and experiences that may not have been available before. It’s important to weigh these factors carefully when making a decision, as it can have a profound effect on your overall retirement well-being and happiness. From a personal point of view being content and fulfilled leads to increased productivity and longevity, further underscoring the importance of proximity of family and friends.
TAX IMPLICATIONS
If you’re looking to start a business, or expand an existing one, or simply work in your new location, it’s important to understand the tax implications of your chosen location. Tax structure is also important whether you are working full time, part time or not at all. Different states and countries have varying tax regulations, and determining the most tax-friendly environment can save your business and personal accounts significant amounts of money over time. Of course, taxes aren’t the only factor to consider when choosing a location, but it’s certainly an important consideration that should not be overlooked. Consult with tax professionals is the key to ensuring your life and business operates in a cost-effective manner. So, before settling on a location, be sure to look into the tax implications and make an informed decision for the sake of your business’s and personal financial success.
AGING IN PLACE
When looking to move to a new location, it’s important to consider how to set up a retirement-friendly home. This means a home that is accessible, comfortable, and safe for your second chapter and beyond. One important factor is incorporating universal design principles, such as wider doorways and lever handles, to make everyday tasks easier. It’s also important to consider the layout of your home and how it can accommodate mobility aids such as walkers or wheelchairs. Additionally, installing grab bars in the bathroom and ensuring proper lighting throughout the home can help prevent falls. Inquire about the latest medical technology to support aging in place. Taking the time to set up a retirement-friendly home can make all the difference in ensuring a comfortable and enjoyable retirement.
Be informed and make a confident decision where you will live going in your second chapter. All of these Lifestyle Tools can help you better understand the concept of geographical freedom, as well as its benefits. Resetting your day-to-day schedule can increase your overall quality of life. Moving your retirement destination can offer new experiences, awaken creativity, and showcase different lifestyles.