Streams

What's Your Retirement Destination?

Wednesday, June 18, 2014

Lower Manhattan skyline, New York City (acmace/flickr)

Are you planning to move for retirement, or was that part of your plan? Where do you see yourself retiring to? Some surveys say New York City has great amenities for retirees. Others say it's too expensive and chaotic for seniors. What's your take on New York City as a retirement destination? What's your calculation? And if you moved or want to, tell us where to. 212-433-9692.

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Comments [14]

I live in NYC, I found that once I retired i needed some structure to my day. I am the first of my friends to retire so I had no one to play with during the week days. I started taking classes at FIT and Hunter college. Senior citizens pay a low fee and are allowed to audit 1 class per semester. I LOVE IT. so different from when i was in college many years ago. no pressure. And the professors like having ADULTS in their class. I volunteer, which i did not have time to do as a single working parent. and i still work 1-2x a month at my old job which is nice. I am not wealthy by any means but I am really enjoying myself. NYC has everything. I agree with the writer Eliza. I have traveled somewhat during my lifetime and could not imagine myself living anywhere else. however, if i could i would do a warm climate in the winter.. I will put that on my list... however, since i am retired, if its tooooo cold out, I don't have to leave the house..LOVE IT

Jun. 18 2014 03:19 PM
Peg

To jm - you and your friends are not the only near retirees discussing alternative retirement living. Florida (land of the living dead), moving to a cheaper country and huge, expensive macro-managed retirement/assisted living communities do not appeal to MANY of us.

Jun. 18 2014 11:47 AM
Dave From NorthEast Bronx

Retirement is a construct of industrialized nations. I did my Peace Corp stint in West Africa where no one retires. Farmers tended their farm well into their 80s and store keepers never retire from their stores. Even in the cites, I never heard of a person who was retired except for a few politicians.

The key to retiring abroad is not to live there completely. Six months there, Six months here, you will never lose connection to your homeland.

Jun. 18 2014 11:33 AM
mick from Inwood

I agree with the caller! The cultural features in NYC are very expensive. College towns have many of the same cultural and adult/continuing educational opportunities, especially ones with a large, public university, offer many of the cultural events (touring shows, etc.) at much lower cost. For example: Ann Arbor, Champagne-Urbana, Bloomington, Madison, Ithaca, Amherst, etc.

Jun. 18 2014 11:29 AM
J M from UWS

What if you can't afford to retire? What if you can't afford to move? Could we have a serious conversation about these issues? It's all so much feel good fluff that has very little connection to social or economic realities for the majority of people.

Jun. 18 2014 11:29 AM
jm

My friends and I have been (somewhat) jokingly planning our "alternative retirement community" for a while. Given both the lifestyles and economic reality of demographics below the Boomers, a lot of us are going to be in non-traditional situations that won't resemble our grandparents, and the transition can already be seen in my parents' generation.

Jun. 18 2014 11:29 AM
J M from UWS

What if you can't afford to retire? What if you can't afford to move? Could we have a serious conversation about these issues? It's all so much feel good fluff that has very little connection to social or economic realities for the majority of people.

Jun. 18 2014 11:26 AM
Esther from Bergen County, NJ

Climate change considerations? Anyone?

Jun. 18 2014 11:23 AM
Larry from Brooklyn

As a generation X-er renting in NYC I cannot imagine ever being able to afford to retire. The baby-boomers got all the pensions... we're stuck with 401k that may not be worth anything in an expensive city where it is impossible to save. Cannot move without changing career. This show is about those who got theirs. What about the rest of us who have not had a meaningful raise since 2006?

Jun. 18 2014 11:23 AM
John from Fanwood

We have a Cape Cod in a great little NJ town that's not far from the City. We have no children and have our small house just the way we want it. I'm retired at 67, but have a three-day-a-week part time job doing what I did for 35 years. My wife's a writer, and at 61 plans to work until she's 100. We'd love to live in Manhattan, but it's way too expensive. We have a yard, a basement, plenty of space, all we'd have to give up if we moved to the City.

Jun. 18 2014 11:22 AM
mick from Inwood

My wife is from South America and I am originally from Indiana. We had planned on moving to either Peru, Indiana or both (super snow birding) but our millennial child hasn't been able to get a secure, permanent job here yet, and so our moving plans are on hold...not to mention the problems with getting health care coverage that is both affordable and adequate in both the US and overseas.

Jun. 18 2014 11:18 AM
Gianni Lovato from Chatham, NY

Hello folks, from Columbia County, NY.
Aside from taxes & Albany politics, it's the best of both worlds. (as long as I can still listen to The B.L. Show on WNYC on my laptop, everything is just fine, even living in a simple prefab.

Jun. 18 2014 11:18 AM
Peg

Hope all the retirees planning on moving to Florida are also planning on buying property FAR AWAY from the ocean! Or are you also planning that the taxpayers will bail you out when your beautiful new home is under water?

Jun. 18 2014 11:13 AM
Eliza

If one can afford it, NYC has so much to enable seniors to live well: shopping within walking distance, great public transportation, Access-A-Ride for those who need it, cultural institutions, reasonably priced classes, parks, neighborly support, and access to excellent medical care. When some well-meaning relatives urged my aunt to move out of the city, she pointed out the limitations found by friends who had moved to various suburbs, the chief of which was the need to drive. She was able to attend concerts, go to museums, get together with friends, etc., into her 90s.

Jun. 18 2014 10:50 AM

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