“Let’s make our future now, and let us make our dreams tomorrow’s reality.”
– Malala Yousafzai
RE-IMAGING “HOME” & TRAVEL IN YOUR GOLDEN YEARS
You might think a nomadic-lifestyle or “location independent” living is something just for millennials or the younger generation. However this less traditional life-style can be perfect for physically fit seniors looking to explore the world during their retirement years.
Going 100% nomad might not be your preferred approach but rather taking the nomadic-lifestyle in spurts, which is very possible with a reverse mortgage.
You can maintain your home base as your primary residence, as required with an HECM, and then do extended stays while always returning to your house to ‘reset’ the clock after the time away.
There are many options out there now to make living as a short-term nomad more accessible.
ON THE ROAD
Roam is based on the basic concept of providing access to incredible co-living spaces and local communities around the world. It’s about “roaming together” and finding a community in places like San Francisco, Bali and Tokyo, to name a few.
It could be an ideal solution for retired or semi-retired persons or those who work remotely looking to enjoy privacy and comfort in a diverse community for a week, month or longer and then return nice and refreshed to their home.
For older woman wanting to do some solo travel and become more immersed in a local culture or community, Behere could be the answer.
Behere enables women to live in a new city, one month at a time without any long-term contracts or obligations. What you’ll get is a foreign living experience in a fully furnished apartment close to a city center with a vetted city host, access to workspaces and even a fitness membership.
Then there’s Unsettled. The site promotes Unsettled’s one-month or two-week retreats as being for those who seek to “challenge the status quo, invest in their curiosity, and find new inspiration, growth, and adventure through travel and intentional community.”
The retreats are hosted in destinations from Tuscany to Morocco, Buenos Aires to Bali and offer private accommodations, a shared workspace, local experts and immersive experiences, workshops, etc. among a curated community of peers.
RETIREMENT & “HOME” REDEFINED
How we define retirement has changed and so has the concept of “home.” Home isn’t necessarily where your mortgage (or reverse mortgage) is. It’s where you feel most comfortable, live your life and have the experiences that bring you joy.
For those travel-loving seniors, a short-term nomadic lifestyle creating “temporary homes” along the way is what will bring them joy and a reverse-mortgage can help make this doable.