Retirement & Financial Planning Report

With longer life expectancies and more active lifestyles in retirement, retirees deciding whether or not to move—and where to go, if they decide to move—should compare a wide range of services and not just traditional retirement living benchmarks such as weather and recreational opportunities, according to the TransAmerica Center for Retirement Studies.

“Features of an age-friendly community include accessible healthcare, appropriate housing, public transport systems or ride-sharing systems, access to internet-based services, shops and leisure facilities,” a report says.

Because so many retirees want to continue working, at least part-time, “an age-friendly community also requires access to continued employment. This entails creating a more flexible labor market in which older workers are valued and can participate . . . The need for continued access to the labor market is a vital part of retirement plans as workers seek to address the costs associated with living longer,’ it says.

In terms of housing, it notes that high percentages of retirees wish to stay in their own homes—including a home they move into on relocating—as long as possible. Features that can help them do that, it said, include kitchen and bathroom modifications, home security and medical alert systems, grip bars and more.