Retirement can be a tricky subject, especially when it comes to planning living arrangements and expenses. The easiest option is retiring and staying in the house you already live in, because you’ve already put in the work to own it and it is familiar. But, if you are up for adventure, these other options offer a fun and new alternative to retired life.
- Houseboat – A houseboat is a good option if you are looking for a complete change of scenery for a cheap price. They typically run between 50,000-250,000, and if they are motorized already you can take it almost anywhere you want. Other fees to consider are dock fees and boat fees like cleaning, pumping, and utilities, but these are often still less than the typical fees you would pay in a home.
- Tiny Home – If you have HGTV, you’ve probably at least seen a tiny home. They offer all the comforts of home in a much smaller, more portable package. If you still want the feeling of a house with the freedom of a motor home, then a tiny home is a great option. This also reduces a lot of the traditional costs of owning a home, as your utilities will be way less in such a small space and cleaning will be much easier.
- Retirement Community – If the thing that scares you the most about retirement is keeping up a social life, then a retirement community is a good option. This gives you all the benefits of a close-knit community, amenities, and restaurants while also reducing your monthly payments. The average monthly cost of retirement communities is around $2700, which can change depending on the amenities you are looking for.
These options are all good for anyone who is ready to retire, but not ready to give up the freedom and social life that they are used to. They are also great for people who see retirement as a new step that comes with new adventures, instead of an opportunity to settle down and relax.