|Retirement Talk for Boomers, Seniors, and Retirees|
Episode 182 – Retirement and Relocating Alternative
My wife and I
walking down this narrow street in
We could hear
fingers of the left hand as they tapped dance up and down the neck. It
magical. I asked him if he played with an orchestra. He replied,
returned from three years in
Retirement can oftentimes bring the choice of staying where you have been living for many years, or moving: relocating. There is a sense of beauty, or excitement that comes with moving; new friends, a new community, a new challenge with each day’s exploration of different neighborhoods, streets, shops, parks, or groups.
Sometimes we are torn. We like it where we live, but – we’re drawn by what we don’t have; the old, “grass is always greener” trick. There is a certain amount of comfort in staying put; having this “sense of place”. But there is a magnetic-like appeal for something new.
Here is a third choice; other than moving or staying. You can stay and move at the same time. No, it doesn’t seem logical, but it’s true. Here’s what we did.
This is Retirement Talk. I’m Del Lowery.
from our home lay the city of
We use to
bicycles into the car and drive north where we could bicycle around
beautiful city and it’s famous, Stanley Park We would always
enjoy the dramatic
change from our own midsized town to this active metropolitan area.
after survey list
We had often talked about how wonderful it would be to be able to stay in the city rather than drive home. One day seven years ago, we stopped and looked at some pictures that were posted in the windows of a real estate office. Within minutes we were inside and talking to a realtor.
I had just finished getting my fill of investing on Wall Street. Continuing corporate scandals and outrages had made me feel like my mutual funds were being used for mutual destruction and certainly unethical behavior.
On this particular Sunday afternoon a solution popped into my mind. We could withdraw the modest sum of money we had invested in Wall Street, invest in real estate, and in one stroke also diversify some of our money into a foreign currency. Financial planners had always told us that was a good idea. Little did we realize that our entire life was about to be dramatically changed – and all for the better. Buying a condo just fifty miles from home changed everything.
Within a month we had looked at over twenty units and made our decision. We would buy a small condo, a very small condo, in a great location, right downtown and use it as an investment and perhaps as “a home away from home”. We would treat it like a cabin in the woods only it was in the heart of a city.
We cashed in our mutual funds to cover the down-payment and furnishing the thing. The monthly payments on this investment were twice what we had been saving each month in mutual funds so we invited our grown children to become co-investors. Being young, they were short on down payment money, but with good jobs they could easily afford monthly investment payments.
Seven years have passed. The customs people call us ‘seasonal residence’. We drive north each Sunday afternoon and return home each Wednesday afternoon. We are splitting our time between two places that are only an hour apart via the road, but are very far apart in terms of experience.
The city is cosmopolitan. Three grocery stores are within two blocks. Bookstores, coffee shops, libraries, theaters, doctors, health clubs, concert halls, football, basketball and hockey stadiums, bike trails, and all of the wonders that accompany large concentrations of people are at our doorstep. The symphony and Opera are only four blocks away. We are afoot in the city and it is very liberating.
Continuity in our lives is still anchored in our home and community of many years. We have thus managed to stay at home and yet move at the same time. Each week, new corners are turned; new people come into our life; like that cello player.
This is Retirement Talk.