For many people, retiring means traveling, pursuing hobbies, spending time with family, and in a lot of cases, moving to be closer to the grandkids.
Over 50% of older households live within 10 miles of at least one adult child (and 11% had a child living with them), according to an often-cited National Institute on Aging survey from 2017. A 2022 Pew Research study showed that adults 65 and older are the age group most likely to say having family nearby is very important to them.
“If I lived in Breckenridge or Vail instead of Denver, that would be a totally different conversation,” says Matt Waters, an advisor at Prime Capital Financial. Waters’ parents stayed in Kansas, where he grew up, and his mother-in-law lives down the road. “It’s a hard life living 10,000 feet in the mountains.”
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