The Best Places to Retire Today

Understand all the factors for determining the best place for you to retire.

Choosing your retirement location is not as simple as throwing a dart at a map of the U.S. (or even a foreign country). There are many factors to consider before you make that important decision, beginning with what is important to you.

Here are some primary considerations for you when looking at retirement locations:

Cost of Living: When you have more time, you often find more things on which to spend your money! So, making sure you can afford your lifestyle in your designated retirement location is critical. Learn how to calculate your retirement needs; how to consider local income and sales taxes; discover which states have no income tax and which have no estate or inheritance taxes; and get an easy-to-use cost-of-living calculator to help you figure out which state might be best for your retirement location.

Climate: Climate can play a huge role in the enjoyment of your golden years. Cold, snowy, or rainy weather will keep you indoors (unless you are a cold-weather enthusiast), and that can lead to adverse effects, such as loneliness and depression, which often accompany aging. And trying to traverse snow and ice can lead to medical mishaps. Get a comprehensive summary of climate, state by state; and discover the 10 states that are rated for the best weather—at least one of these states might surprise you!

Healthcare: For many of us, in our early retirement years, we mostly need routine medical services. But, as we age, we may require significant additional services. So, if you don’t want to have to move twice as you age, you may want to consider including good healthcare as a priority when searching for a new home. Get the top 10 states for best access to healthcare and the list of the top 100 hospitals in the nation—you might want to be close to one of these!

And then there’s considering transportation and proximity to family and friends; recreational activities; cultural opportunities (you don’t want to be bored!); restaurants and shopping; employment availability (you might want a part-time job to keep you busy, make a little money, or even to satisfy a hobby); and political climate— if politics are important to you, you might want to reside in an area in which the majority of the people have similar political passions.

With this article on “The Best Places to Retire,” you’ll have:

  • Top 10 Golf Courses in the U.S.
  • Top 5 States with the Best Economies
  • 5 States with the Worst Economies
  • How to Find Senior Living Communities
  • Lists of Best Retirement Locations—from Market Watch, Money Magazine, and Bankrate.com

What About Retiring Abroad? Have you considered a retirement location outside the United States? It can make real financial sense, as the cost of living in some countries is considerably lower than at home. But the decision requires careful thought. Find out all the considerations for making this decision, including the most expensive—and the cheapest—countries for living out your retirement years.

You can learn all about the best retirement locations—and how you can use all the available data to determine your own best choices—when you read this feature story in a recent issue of Financial Freedom Magazine: “The Best Places to Retire.”

Get this article about the best places to retire—and everything else in the February 2020 issue of Financial Freedom Magazine—including:

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