Nearing the age of retirement? Ever thought about moving to a different location to get the most out of your retirement fund? Well if you are, I know that there are a lot of things to consider like health care costs, living expenses, weather, and much more.
Ensuring that you have enough money to live comfortably is essential for any retiree. The last thing anyone wants to do is spend all of his retirement money and resort to going back to work. Therefore, you need to make sure that the place you decide to live isn’t just a vacation home, but a permanent residence that you are going to live for the remainder of your life.
So here are 3 unique places I would consider living in after retirement:
Colorado has been gaining popularity over recent years, and there are several good reasons why. The Centennial State has a variety of options when it comes to outdoor activities like hiking, skiing, and much more. It also has some beautiful landscape sceneries and gorgeous weather, while providing high quality health care to seniors. That being said, the cost of living is quite expensive with the expenses for providing senior care being higher than the national average.
2) South Dakota
South Dakota outranks all other states when it comes to health care and financial expenses for seniors. The cost of care is near the national average and has one of the highest combined well-being indexes for retirees . Hence, you will be provided with great care at an affordable price, so on a financial standpoint, South Dakota is where you want to be.
My first pick may surprise you since not a lot of people would think the least popular state would be a great place to retire. Well, Wyoming offers the lowest tax rate in the country, which means housing expenses burn a lot less money from your wallet than other states. Also, The Equality State has one of the lowest crime rates in the US, so you don’t have to worry about your car getting stolen or someone trying to break into your house.
I chose these states because they offer quality senior care with other unique perks. Whether you’re looking to be more active or looking for financial stability, these states will provide you with high quality health care for you and/or your spouse. Just make sure that whichever state you decide to move to makes you happy because as a retiree, your happiness should be the most important reason for your decision.