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Retiring on a Budget: 8 Best Places to Retire in the U.S.

Retiring on a Budget: 8 Best Places to Retire in the U.S.

Best places to retireToday, over 10,000 people per day are reaching the age of 65, which is best known for being retirement age. Regardless of if you are near this age, or still have several decades to go, it’s never too early to plan for your Golden Years.

An important part of this plan is where you will live. If you are looking for the best places to live that are also affordable, you’re in the right place. Keep reading to find out about some of the best (and most affordable) places in the United States to retire.

1. Wenatchee, Washington

The unexpected desert landscapes, parks, natural beaches, and river make Wenatchee a popular city for retirees. Thanks to the beautiful natural surroundings, this city is paradise if you love the great outdoors.

Upon moving here, you will quickly discover there are an array of activities to take part in, from skiing, mountain biking, golfing, whitewater rafting, and other sports, all in a single location. The city also has several well-rated hospitals, two performing arts centers, open-air concerts during the summer, and local wineries.

2. Huntsville, Alabama

Affordable and oozing with southern charm, Huntsville is found in the northern part of the state right in the Heart of Dixie. One of the most appealing factors of choosing this city is the low-cost, and tax advantages offered; however, this is available throughout Alabama. The added benefit is more generous incomes for retirement-aged residents.

Huntsville is home to the Marshall Space Flight Center, the Huntsville campus of the University of Alabama, and the Redstone Arsenal. The city has a strong economy and the residents are educated. There are many cultural attractions and outdoor recreation activities to enjoy.

3. Summerville, South Carolina

During the 1800s, Summerville begins to grow, as wealthy people flocked to this area. Today, you can still see the historical mansions and charming downtown area, along with unique shops and boutiques. Today, the city is undergoing a period of growth, with housing values trending upward thanks to this insurgence of new businesses and people.

While this is true, this area is most well known for the beautiful spring flowers and warm waters, which are both attracting features for any retiree. Also, Summerville is just 14 miles away from Charleston, offering you the small-town feel with easy access to modern amenities.

4. Anchorage, Alaska

Seniors don’t seem very keen to face the Last Frontier when it’s time to retire. In fact, just 10.1 percent of Alaska’s population is over the age of 65, compared to 14.9 percent of the population in the United States.

However, if you crave adventure and you don’t mind the long winters, and amazing wilderness, living in Alaska can really pay off. This state is fueled by oil wealth and gives all the permanent residents an annual dividend. For example, in 2018, this payment as $1,600 per person.

Also, what many don’t realize is that Anchorage offers several amenities. Some of these include shopping centers, museums, theaters, and unlimited outdoor recreation.

5. Colorado Springs, Colorado

Colorado Springs is the second biggest city in the state and has its own airport. Even today, this is one of the most popular retirement areas thanks to the amazing natural surroundings that are seen year-round.

With the high-altitude, this town experiences all four of the distinct seasons, from chilly and snowy winters, to warm and often-unbearable summers. While this is true, the city still touts having a lower cost of living than the other cities in this state.

6. Phoenix Arizona

There’s a good chance you have heard about the Grand Canyon State being a very retiree-friendly area, due to the beautiful scenery and amazing climate. While the average cost of living is slighting higher than the national average, it’s still a location worth looking into.

Since this is the capital city of Arizona, it’s easy to find many attractions to help keep yourself busy. From professional sports teams and museums, to amazing cultural attractions, you won’t get bored spending your retirement years in Phoenix.

7. Port Charlotte, Florida

When you think of retiring, if you are likely most, you think of a Florida beach somewhere, right? There’s no question that Florida has a lot to offer retirees, especially Port Charlotte.

Here you can enjoy low taxes, fantastic Cuban food, amazing weather, and affordable boating. Even though the city has become more popular in the past few years, it still has the laid back, relaxed attitude that people are looking for when they are planning to retire.

8. Fayetteville, Arkansas

Fayetteville’s metro area, including Bentonville, Rogers, and Springdale offer low costs and an array of attractions. Nearby you can explore the Ozark Mountains where you can enjoy affordable outdoor recreation and natural wonders. You can also explore the downtown area, where you’ll find the University of Arkansas, restaurants, and an amazing art scene.

Most locals seem pretty happy with what they have available nearby.

The Best Places to Retire: Now You Know

As you can see, when it comes to the best places to retire in the U.S. there are more than a few options to choose from. What’s even better is that living in the locations above means you don’t have to break your retirement budget.

If you are ready to retire or just ready to start planning, contact us. Our team is made up of financial experts who can help you ensure your financial future and retirement is secure. We will help create a custom plan based on your needs, ensuring you can move to and live wherever you desire after retirement.

Investment advisory services are offered through Virtue Capital Management, an SEC Registered Investment Advisor. Macino Financial and VCM are independent of each other. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss. Changes in investment strategies, economic conditions, contributions or withdrawals may significantly alter a portfolio’s performance. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client. Past performance is no guarantee of future success. We cannot guarantee that a portfolio will match or outperform any particular benchmark. None of the content should be viewed as an offer to buy or sell, or as a solicitation of an offer to buy or sell the securities discussed. Information on this website does not involve the rendering of personalized investment advice, but is limited to the dissemination of general information on products and services. A professional adviser should be consulted before implementing any of the options presented.
The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. State registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss. Changes in investment strategies, economic conditions, contributions or withdrawals may significantly alter a portfolio’s performance.
There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client. Past performance is no guarantee of future success. None of the content should be viewed as an offer to buy or sell, or as a solicitation of an offer to buy or sell the securities discussed.
Information on this website does not involve the rendering of personalized investment advice but is limited to the dissemination of general information on products and services.