It’s time for baby boomers to retire (yes, the time has finally come), and they’re looking to retire in the millions. Normally, if you’ve done a good job with your retirement funds, you won’t really have any issues moving to a location that suits you. Not all places on earth are equal when it comes to living there for your retirement, of course, with some being suited to millionaires while others are better housing people who weren’t too keen on saving.
Some people might want to travel the world during their retirement, which means they won’t really have to dish out too much for their house itself and would want to have more cash on standby so that they can afford to stay in hotels and Airbnb rentals while they’re on their adventures. Regardless of the sort of lifestyle that you’ve chosen for your retirement, here are some of the most popular and sought out locations in the world when it comes to retirement for the current generation.
Athens, Georgia – for people who want to spend less on housing
There’s no doubt that Athens is one of them most culturally rich and beautiful cities in the world. However, the real catch for people who might want to retire there is that a house there costs around 29% less than the national median, which could end up saving you a lot of money! This could work out well for you if you’re looking to tour Europe before settling down as Athens is in a good spot to allow you to do so. There aren’t any state estate taxes to be worried about, and the economy of the country is relatively strong, so you don’t need to be concerned about any future problems. There’s an added benefit that the living costs there are 7% less than what you’d have to spend in the US.
Boise, Idaho – for people looking for amazing quality of life
While a good many locations are famous for the value they bring for low prices, Boise offers something different altogether. This city is one of the safest places on earth to live in, but it also comes at a cost. The living costs there are around 7% more than what you’d normally pay anywhere else, and the housing price is also far more than what we’ve come to expect with a median of $291,000. That’s little to worry about for the people who can afford it, of course. The pros that this place have to give far outweigh the pricey nature that it has, as it happens to have a really low crime rate, which would be great for a retired couple that’d want to explore the city. Biking is pretty popular there, so any enthusiasts should definitely keep that in mind as the city accommodates biking. The weather in this area is mild all year around, with non-humid summers and winters that are easily tolerable. Another thing to note is that volunteering is abundant in this city.
Brevard, North Carolina – for people who don’t want crowds
Some people simply want their peace and quite and have been dreaming about it for years before they’ve retired. However, its best suited to those who want to stay in their homes and not walk around much, because it’s not exactly as walk-able as most would like, and it rains a lot in this city too. On the bright side, the town offers some amazing views with waterfalls and mountains, and has a pretty low population, which will ensure that your time spend there is peaceful and quite, just like you want it to be. Another plus point of moving here is that the housing is relatively cheap, which is an added benefit for people who haven’t got much saved up and just want a low profile retirement. There are plenty of doctors in the city, so you’ll never have to worry about a shortage of medical professionals while you’re in this city.
In the end, the location where you choose to decide has a lot to do with the budget you have, so if you think you want to retire in an area where you’ve got all sorts of creature comforts, you should start saving up.
