DEAR ABBY: I am in my late 60s. When I mentioned to a retired friend my desire to move to a Southern state known for economic friendliness toward retirees, I discovered she was thinking the same thing.
We decided it would be good to buy a house together as tenants in common with rights of survivorship, and to share living expenses. Because I have no family and my friend has very little, neither of us cares what the survivor does with the house.
Our main concern is whether or not we're too old to make new friends and start a new life. It sounds exciting, but I'm wondering whether you or your readers have had any experience moving 1,000 miles away at this stage of life. -- CONTEMPLATING CHANGE IN RHODE ISLAND
DEAR CONTEMPLATING CHANGE: Change can be an exciting and stimulating experience, and many retirees have successfully relocated.
However, and I cannot stress this too strongly, before heading off for the great unknown, you and your friend should consider renting a place for a year. It will give you a chance to gauge your compatibility and learn about the community before locking yourselves in with a mortgage. And if you haven't already, each of you should review your plans with an attorney of your own.Read more in: Money