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Top 3 Spots to Retire in the U.S.

Written by Posted On Tuesday, 09 April 2019 12:12
Top 3 Spots to Retire in the U.S.

If you’re planning on relocating when you retire, you probably already know that some locations are better than others. But with so many states to choose from, it can be tricky to determine which will be the best fit for your retirement.

And thanks to a recent survey on the matter, you don’t have to. The people have spoken, and these are the top three U.S. states for retirement.

1. Florida

Between the reasonable cost of living and the fact that income isn’t taxed in Florida, it only makes sense that retirees flock to the sunshine state. Well, that and the mild weather. Because honestly, why would you not want to live in a state that has an average annual temperature of 67 degrees? Plus, those who choose to retire in Florida have enviable access to some of the country’s nicest beaches, top-rated attractions, and the opportunity to partake in outdoor activities year-round. In other words, if you retire in Florida, your children and grandchildren are sure to come down for visits.  

But where in Florida should you retire, you ask? Well, based on the median home values and the high percentage of retirees, Punta Gorda, Vero Beach, Sarasota, Fort Myers, and Ormond Beach are some of the best spots within Florida to retire.

2. California

Like Florida, California is known for its amazing weather, with an average annual temperature of 73 degrees. But sunny weather aside, California is appealing for many other reasons, too… like it’s numerous National Parks, for instance. If you’re 65 going on 30, you could pack your retirement full of day or week-long trips to Joshua Tree, Death Valley, or even Yosemite -- depending on which part of California you decide to settle down in, of course.

California is known for having a higher cost of living, so budgeting is key if this is where you want to retire. However, research shows that the cost of health insurance isn't as much as you'd think. That's a nice bonus!

Additionally, if you choose to retire in Southern California, like in Los Angeles or San Diego for example, you’d have cruise ports right in your backyard. How would you like to finally book that cruise to Hawaii you’ve always dreamed about? Well, it sounds like relocating to California might just give you the extra push you need.

3. Texas

Not sold on moving to Florida or California? Texas could be a great alternative. In addition to having a below-average cost of living, Texas, like Florida, is one of only seven states in the country that don’t have an income tax. This means that, if you retire in Texas, neither your Social Security income nor your 401(k) will be taxed. And, in the case that you do decide to pick up a part-time job, that income won’t be taxed either.

It’s safe to say that Texas is a wallet-friendly place to retire, but it’s so much more than that too.

The Lone Star state also has a hopping local music scene and an endless list of spots for outdoor activities, like hiking, horseback riding, and swimming. Not to mention the fact that Texas offers the best Tex-Mex food in the country-- I mean, come on. That, in and of itself, is reason enough to retire in Texas.

 

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