It's as much where, as when, you retire

As in real estate, retirement may come down to location, location, location. Texas' big cities may not be the best bang for your retirement buck but can you really afford to live in a remote area?

Financial planner Adam Hartung says money really isn't everything.

"You can save a lot of money by living somewhere remote that's 3,000 miles away from your children and your grandchildren but what's your quality of life gonna be and if you become ill who's gonna be your caregiver?"

Hartung says it may be smarter to stay where you are and move to a less expensive house or apartment.

"I don't think there's a magic formula to this but I would say what you really have to do is think a lot about what you want your quality of life to be and can you downsize your life in the place you want to be?"

Hartung says it may be smarter to stay in the big city rather than move to a rural area.

"If you have a 3,500 square foot home in Chicago could you move to a 1,400 square foot condo in the suburbs of Chicago and perhaps extend the amount of time your savings will last and maybe double the time you would get with that large home?"

 Hartung says you will have medical costs in retirement and that'll eat up your savings faster than just about anything else.

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