The hidden costs of spending winters in the sun mean most ‘snowbirds’ are wealthy retirees, but they aren’t the only ones who can do it

• Becoming a snowbird, or a retiree who spends winter in the south and summers in the north, isn’t cheap.
• Retired nonprofit administrator Lon Newman spends summers in Wisconsin and winters in St. Croix, and he finds owning property in both locations to be easier than renting.
• A financial planner says being a snowbird can be much more expensive than people expect, and the best way to make it happen is to plan far in advance.
• Planning to spend winters down south in retirement? SmartAsset’s free tool can help find a financial adviser to make your dream a reality »

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Source : BusinessInsider.Com