Well-planned retirement income strategies, post-retirement benefits from your long-time employer, and a general improvement in availability of amazing retirement lifestyles all mean that your permanent “out of office” life is something you can look forward to.
Retirement planning is not what it used to be, with many cities staking their claims as the favorite destination for retirement homes, upstaging the traditional stalwarts. Here are 3 such cities.
Round Rock, Texas
Round Rock has always competed with Austin as one of the top spots in the coveted retirement cities list in Texas. Because of the multitude of sports and recreational activities that are on the menu, Round Rock is the preferred retirement abode option for the new breed of retirees in the U.S.
With the cultural offerings of Austin merely 20 miles away and ample options of recreation, with art galleries, events, markets, and restaurants, Round Rock is too good to ignore for many folks.
Life at Round Rock comes with financial relief in the form of lower prices for prescription drugs and gas when compared to national averages.
Also, the latest report from the Council for Community and Economic Research suggests that home prices are cheaper than the national average in Round Rock.
In terms of social well-being, the city has a lot to offer, and you can carry a gun in Texas.
Gallup-Healthways’ data shows that residents rank the city significantly high on health and financial stability parameters. Texas has low taxes, which makes it easy to live.
There is no city better than Sarasota, Florida if sunny weather and golf are major decision factors for you as you look for a retirement home. With plenty of theatre and opera activity in the city for a good part of the year, this is the first option for seniors with a special liking for cultural indulgences.
With art galleries, museums, and gardens, there are many endeavors lined up for retirees to enjoy their life in this beautiful city.
Sarasota’s real estate prices are slightly higher than the national average, but that’s more than compensated for by the high standards of living.
A low crime rate is another decisive factor that makes the city a hotbed for retirement home purchases. Florida’s North Port and Bradenton are similar options, with comparable costs of living and living standards.
Historic backdrop, cultural indulgences, and proximity to Nashville International Airport all make Franklin a poignant place to enjoy retirement life. There are some stellar health facilities, which make Franklin a superb retirement option for retirees with medical considerations.
The costs of living in Franklin are rated slightly below national average by the Council for Community and Economic Research. The city has no state income tax, except on investment and dividend income, which may bother some retirees, but with the overall low costs for food and so on, it could even out for you. Tennessee ranks 47th out of 50 states in terms of income tax burden (as per Tax Foundation).
FBI stats suggest that crime rates in the city are extremely low. Tennessee’s Nashville and Murfreesboro enjoy similar advantages, which makes them decent retirement cities in the southeastern part of America. And you are not too far away from seeing the Titans play.
Portfolio Wealth Global’s Tom Beck is a retirement expert, and he is putting together the most important research on our Retirement Wealth and Passive Income Strategies reports.