Tuesday, February 10, 2015

Can't Determine Where to Retire? Don't Base Your Decision on "Best Places To Retire" List

As a number of baby boomers hit their retirement age, they have been focusing on savings, finances, health and long-term care cost and other issues facing retirement, with all these crisis associated with retirement, do they ever have the time to think about moving and looking for a perfect place to spend their golden years?
Photo credit: http://business.time.com/

While the cost of living and and other expenses varies from one state to another, it may be time to just sit down and decide if you need to move to another location and spend your retirement living. Times were when people consider climate and recreational resources as the factors and concerns when seeking for a new retirement destination, nowadays, the primary concern is financial consideration such at tax, cost of living and cost of properties.

When you are considering to seek other location, you might have thought of checking the internet or magazines for the list of best places to retire. Each location may seem appealing based on how they were described and rankings , however, you should be wary because rankings change from time to time. Which is why according to Time, you should never use a "Best Place to Retire" list when looking for a destination. The rankings are heavily based on specific criterias which may differ or in contrast with other list depending on the measuring factors. Your decision should be based and relevant to your preferences, needs and circumstances. You should also include your interest and activities as suggested in Longtermcareprimer, because you will have more time on your plate, you should be able to determine how you want to spend it, where and who you want to be with and what kind of life you want after you retire.

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