10 Necessities For A Great Retirement Spot

February 8, 2012

in News

10 Necessities For A Great Retirement Spot

Retirees aren’t moving to new places as often as they have in the past. Just 3 percent of people age 65 and older relocated between 2010 and 2011, according to recently released Census Bureau data. But some seniors continue to seek retirement spots with more affordable housing, better weather, and fun things to do. Here are 10 tips for selecting a great retirement location. Selling your current home and moving to a place where housing costs significantly less could give your nest egg a quick and significant boost. About 125,000 people age 65 and older say they moved someplace new in 2011 in search of cheaper housing, the Census Bureau found. In 2010, the median home prices in San Francisco and New York City were $635,000 and $457,000, respectively. If you sold your home in one of these pricey cities and relocated someplace less expensive, you could free up cash for other retirement expenses. Tax rates vary considerably by state, and moving to a place with lower taxes could increase your spending power. [Read this article]

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