In a recent appearance on Yahoo Finance Live, Silvur Founder and CEO Rhian Horgan shared tips for successful retirement planning in 2023 and emphasized the importance of choosing the right place to live.
Horgan believes that where you live in retirement can be one of the biggest decisions you make, affecting your quality of life, finances, and overall well-being. She encourages retirees to think about factors such as cost of living, accessibility to healthcare, and community resources when selecting a location.
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Horgan also shared some of her top tips for retirement planning, including:
- Start Early: Retirement planning should begin as early as possible, giving you time to make smart financial decisions and prepare for the future.
- Save Consistently: Consistent savings, combined with smart investment strategies, can help you achieve your retirement goals.
- Consider Your Needs: When planning for retirement, it’s important to think about your lifestyle and what you want in a home, community, and environment.
- Evaluate Your Options: Take the time to research and compare different options, such as traditional retirement communities, active adult communities, and urban living.
- Get Professional Advice: Consider working with a financial advisor or retirement specialist to help you make informed decisions and achieve your goals.
In conclusion, Horgan emphasized the importance of careful planning and consideration when choosing where to live in retirement. By taking the time to evaluate your needs and options, you can find the right place to call home and enjoy a comfortable and fulfilling retirement.
