Retire to Stay Closer to Your Children?

You can retire to warm, sunny states. You can also retire to be nearer to your children.

More and more retired people are choosing to move to other states, such as Florida and Arizona.  However, another trend is to move closer to adult children, according to The New York Times in “The New Retirement: Near the Kids.”

One reason for the trend is that people are more likely to move further away from their hometowns when they grow up than ever before. Young people today often find they need to move to far away cities for job opportunities in their chosen fields.

As much as parents would like to be closer to their children and grandchildren, they often cannot move closer since they have jobs of their own. That all changes when the parents retire.

A positive result of this trend is that it helps to combat the growing incidence of elderly Americans who are lonely and isolated.

Reference: New York Times (May 4, 2018) “The New Retirement: Near the Kids.”