This chapter focuses on the significance of establishing clear financial limits when choosing a place to live, highlighting how an upper budget constraint can streamline the decision-making process by eliminating financially unsuitable options. It also delves into the importance of factoring in taxes, particularly property taxes, and their long-term financial implications, especially for individuals aiming to generate passive income post-retirement.
As Eric nears his Financial Independence number he asks Jason for help and advice on how to narrow the range of options of where to live. Choosing a place to call home once you've reached financial independence can be an overwhelming task, given just how large the problem space is. Jason shares how he and Lorri approached where to live in "retirement" before taking the plunge to move their family. Irrespective of your own retirement path, the process they used will apply universally to making decisions about relocating to a new area.
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