Move to Montrose, Colorado now or when you retire especially if you are looking for an active lifestyle. Planning to retire and still have substantial debt, consider selling your home. It may be a great solution and give you piece of mind in retirement. Suze Orman, a renowned financial advisor, has voiced concerns in a recent MSN article entitled, “What Baby Boomers Get Wrong About Retirement.” She is concerned about the growing trend of individuals entering retirement while still in debt. She emphasizes that being debt-free is crucial for a secure retirement due to the fixed income nature of most retirement plans. Debt repayments can significantly reduce the disposable income of retirees, leading to unnecessary stress.
Orman advises a thorough review of one’s expenses, advocating for the use of expense tracking apps to identify and eliminate unnecessary spending to help align habits for retiring and in retirement. She believes that most people can find some spending that could be better allocated towards debt reduction.
Furthermore, Orman addresses the common desire to retire in one’s family home. She suggests that if a mortgage is still in place, it should be a priority to pay it off before retirement. It is important to consider not only the mortgage but also taxes and upkeep expenses in retirement. If you do not feel you will be able to eliminate your mortgage debt or be able to cover your expenses, consider downsizing.
Retire and Move to Montrose, Colorado
Deciding to move to Montrose? You will find this area in Colorado has many advantages. Spruce Point Patio Homes is located in a more rural area of Colorado with a mild climate and a welcoming community. You will have plenty to do with the multitude of outdoor activities available. The cost of living is less than the national average and income tax is at 4.4%. Getting around town is a breeze and the local airport can get you to any major destination when needed. High quality healthcare is available with the latest in technology. In Montrose you will enjoy 300+ days of sunshine so planning your retirement just became less complicated. Orman’s insights are aimed at those planning to retire and wanting to avoid the pitfalls of debt. Relax and enjoy your retirement years with financial freedom and less stress.
About Homes at Cobble Creek. Colorado Golf Course Homes for an Authentic Mountain Lifestyle.
A resort-style golf course community located in Montrose, Colorado, Homes at Cobble Creek features new home construction. These active living retirement homes in Montrose offer premium living, and conveniences in a beautiful Colorado mountain setting. Our carefully planned neighborhood with resort-style amenities offers a variety of recreational activities, an 18-hole golf course, pickleball and tennis courts, and nearby fishing, hiking and skiing.
Nestled at the base of the beautiful San Juan Mountains of Colorado, our residents enjoy a multitude of outdoor activities. Plan an afternoon of hiking or biking the Gunnison Gorge National Conservation Area or Black Canyon National Park. Fish the Gunnison River, or in the winter plan to ski at Telluride or Crested Butte Mountain Resorts. An ideal choice as a Montrose retirement community, residents can walk the short distance to the Cobble Creek Clubhouse for Happy Hour. At the Clubhouse participate in holiday parties and parades, yoga at the fitness center, or Book Club.
At Spruce Point Patio Homes in the Cobble Creek Golf Community, you will find existing homes for sale or a streamlined design process to help you configure your own new house. There are a variety of home options, styles, and prices to fit your vision and needs. Come visit us today and learn more about the exciting options available to you at Homes at Cobble Creek. Call Madison Freismuth about Spruce Point Patio Homes at 970-275-0662 or complete the Contact Us form.
