Ten Best Places to Retire
April 2, 2009 by admin
Filed under Real Estate Articles
From US News & World Report
The criteria they used was that by picking a low cost local you can boost your retirement prospects.
1. Binghamton, NY
2. Chattanooga, Tenn.
3. Cocoa, Fla.
4. Eau Claire, Wis.
5. Montgomery, Ala.
6. Omaha, Neb.
7. Pittsburgh, Penn.
8. Roswell, NM
9. San Antonio, Tex.
10. South Bend, Ind.
There are plenty of places where you can scale back your cost of living without reducing your quality of life. If you move to a city with a lower cost of housing than where you live now, it’s a quick boost to your nest egg. In some cases, retirees can even get a better house for less money and reduce their tax bill, both of which will help your remaining retirement dollars stretch farther. “There’s two factors that account for most of the difference in cost of living between two areas: housing and taxes, and housing more than taxes,” says David Savageau, author of Retirement Places Rated. “You could flip a house in D.C. and go to Albuquerque or Iowa City and be better housed for one third the money and bank the rest and fund your retirement.”
