Becoming a snowbird, or a retiree who spends winter in the south and summers in the north, isn't cheap.
Planning to spend winters down south in retirement? SmartAsset's free tool can help find a financial adviser to make your dream a reality » In Corliss' experience as a financial planner working with snowbird clients, he's found people tend to think it's cheaper than it is. It's not uncommon that people don't consider the costs of insuring two properties, forget to add up travel expenses to and from their home, or neglect to budget for owning two cars. And, he finds that people just generally spend more when they change locations every few months.
They bought a Caribbean condo for about $200,000 in 2004. "We bought a property in St. Croix as a rental investment with the idea that if it didn't work out as a rental or resale, we would have a place in the Caribbean to retire to," he says.
Goals...
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