When you’re planning for retirement, there are many big questions to ponder. And where to retire is a central one. Even if you’re thinking of staying in place, there are many factors to consider. Our guest today, Silvia Ascarelli of MarketWatch, explains a free tool that can help you do your homework on this major decision. And she highlights some factors you may not be taking into consideration – yet.
Silvia Ascarelli is a Deputy Commentary Editor for MarketWatch based in New York, who also writes the “where should I retire” column and MarketWatch’s pick-your-criteria “where should I retire” tool is her passion project. Previously, she was the MarketWatch home-page editor, a Wall Street Journal /Dow Jones reporter, and editor in Europe and the U.S.
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On Social Connectivity
“I think we all romanticize certain places. And for all of us, no matter our age, the big question is how am I going to build my personal network of friends. We know that social connectivity, having friendships is really important for our brains and to keep us healthy and happy, and to word off things like dementia, which we all want to avoid. And this isn’t just for our moving in retirement. I had a long conversation with a Millennial at my local farmer’s market on Saturday. And she was debating whether moving to this suburban area where I live would be a good fit for her as a single woman. It was a lot about how are you going to find your tribe?
On Test Driving Retirement
“What are you retiring to? [It’s] not just what you’re retiring from.Y ou’ve got a lot of years left, I hope and you want to be happy and healthy. So how are you going to make that happen? It it’s something I think about, too. What am I retiring to? How am I going to build my network? What am I going to spend my time with? What’s at 10 o’clock on a Tuesday in February going to look like? I have friends who said when they retired, they made a point of having one thing on the calendar every day to give them some of the structure they wanted. Another thing is, if you do want to move…the data can only tell you so much, but do explore your short list by actually living there for a while. Rent an apartment for a couple weeks, a month or even more…Think about how you’re going to live your daily life.”
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Intro and Outro voiceovers by Ross Huguet.