Author : Matilda Tipper.
Published : Thu, Jun 20 2019 :8 PM.
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While it’s common to retire where you lived during your working years, some people plan to retire somewhere else. By default, we assume you’ll continue to live where you do now (using the ZIP code you specified when opening your account), but if you’re expecting to move somewhere less or more expensive, you can specify a ZIP code to help you estimate that new cost of living.1 It can be enlightening to learn how much less you need to save if you move somewhere less expensive in retirement. We assume that the cost of living in that ZIP code will be the same at the time you retire as it is now, adjusted for inflation.
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