Dave Hughes
Dave Hughes is the founder of RetireFabulously.com and author of several books about retirement, including Design Your Dream Retirement and The Quest for Retirement Utopia.
The words “retirement” and “Florida” are practically synonymous…and with good reason. The state has plenty going for it. But Florida isn’t perfect, and it is not unusual for people to rush into a Florida retirement only to regret it a few short months later. Here are a few things to consider before committing to the Sunshine State…
Tough real estate market. Florida regularly makes the list of fastest-growing states, so there’s lots of competition for not enough homes.
Insurance. Many homes in Florida are required to have flood insurance, costing thousands every year.
Snowbird effect. Certain places in Florida clear out for part of the year when the snowbirds head back north. And then conversely, when everyone’s in town, there can be a lot of traffic and crowds.
Hazards. Hurricanes, lightning, sinkholes, termites, alligators, flooding and, in some cities, crime might give you pause when considering a move.
Climate. In August, the heat and humidity can become unbearable. Many Northerners move to Florida, then realize that they need a more moderate climate and resettle in the Carolinas.
Alternatives. A few other states offer much of Florida’s allure without the drawbacks. Examples: Arizona has fewer natural disasters, a less pronounced snowbird effect and a drier climate. The Carolinas offer a low cost of living and temperate weather. And parts of New Mexico boast natural beauty, a lovely climate, arts and culture, and more progressive politics.
Wherever you choose to go: First spend a chunk of time living there like a native, not as a tourist—six months or a year is best so you get a sense of the seasonal rhythms. Also, rent for your first year instead of buying, in case you do change your mind.
