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Retirement Community Developments – Planning Your Move

September 20, 2021

Are you starting to make plans for your retirement?

There’s no ‘right’ time to start thinking about what you want your future to look like; in fact, the earlier you start planning, the more time you have to make it happen!

Here, we’re exploring the fundamental decisions and plans you need to make when it comes to planning your retirement – particularly if you’re considering looking at retirement community developments.

Deciding When to Retire

The first step in planning your retirement is to consider when would be a realistic time for you to leave the world of work.

Retired man and woman seeking support from an advisor

Will you work until you reach the stipulated retirement age, or can you take an early retirement? Perhaps you don’t feel ready to retire just yet and would like to continue working for a few more years?

Whatever your situation, it’s good to have an idea of when you can finish working, so you have a goal to work towards when you’re making plans for retirement.

Discuss Your Ideas With Your Family

Retirement can create monumental change in your life, so you need to have some open discussions with your family to help you make the right decisions.

Are you planning to move nearer to them, for example? You might want to consider whether you would like to help out with school runs or childcare for your grandchildren.

If you’re considering looking at retirement community developments, your family might want to help you sort through your belongings and help you find your perfect new property.

Having your family present can help to relieve the pressure of making big decisions; they might like to attend retirement home viewings with you, for example.

Retirement Community Developments: Financial Planning

There are an array of costs to consider when you retire; from leaving the working world to moving house, if you decide to.

Planning your finances as early as possible can help you understand the costs involved and account for them as soon as possible. This can then help you to plan your budget for each month.

Planning for retirement: Using a notepad and calculator to do a budget

You can start saving for retirement as early as you like. It’s important to understand your pension and seek advice on how to manage it and budget for your retirement.

You’ll also need to decide if you’re going to downsize from your current property and start looking at retirement community developments. The earlier you start planning for this, the less stressful you’ll find it when the day comes, as you’ll know what to expect. 

You can start by booking a viewing of the homes that appeal to you.

Retirement Community Homes: Moving to a New Area

When you retire, one of the many factors to consider is where you’re going to live. If you’re looking into a retirement community development, have you considered the local area? 

Friary Meadow retirement development is situated in Titchfield – a picturesque village in Hampshire. Titchfield has a rich history dating back to the 6th century and is surrounded by beautiful countryside. With stunning walks and its own nature reserve, as well as everyday amenities, Titchfield offers a relaxing yet stimulating environment for your retirement years.

Retirement community development: apartment at Friary Meadow Retirement Village

Here at Friary Meadow, we have a range of amenities and activities to ensure our residents can live an independent and fulfilling life with like-minded neighbours, with everything they need right at their fingertips.

If you’re considering retirement community developments as an option for your future, why not contact a member of our team to book a tour and explore your options?
Alternatively, you can read our previous blog for the best ways to save for retirement.