By Candace McAfee on Feb 15, 2016 10:48:14 AM
Are you a broker who is preparing to retire? Over the last decade, the average age of retirement in the United States increased from 59 years of age to 62. Although this is due in part to longer lifespans and better overall health, retirees also receive higher Social Security benefits if they delay their retirement. If the time has come for you to consider retirement, you may be weighing the pros and cons of relocating to a new area in your golden years. From low costs of living to exciting outdoor activities, we believe these locations are five of the best places for brokers to retire:
Wheat Ridge, Colorado
Colorado, the Centennial State, is ranked among the top states for best quality of life, and with its moderate climate and scenic views has become one of the fastest growing states in the America. The city of Wheat Ridge is a great place to call home for anyone who loves the outdoors. Many of the city's residents take advantage of bike trails, nearby ski resorts, and parks, all of which allow for good exercise. This city also offers delicious dining options, great healthcare, and a short drive to Denver.
Nestled between two mountains in a lush valley, Missoula offers residents zero sales tax, excellent healthcare and a stable economy. This scenic city also provides great hunting and fishing; the trout fishing available in Missoula is considered to be among the best in the world. Though life there is on the quieter side, this Montana town is anything but boring, offering three entertainment districts that are home to numerous breweries, restaurants, and shops in addition to unlimited outdoor adventures.
Coeur d'Alene, Idaho
Idaho is one of the most affordable states in the country. The Gem State is especially senior friendly with tax exemptions on up to 50% of assessed property value and no taxation on Social Security benefits. Likewise, for retirees, Coeur d'Alene is a wonderful city to call home; over 35% of the city is made up of residents age 45 and up! Overlooking beautiful Lake Coeur d’Alene, the city has great golf courses, fishing, and more than 150 miles of biking trails. Downtown Coeur d'Alene also boasts over 125 restaurants and shops within a six-block radius. Lake City Center provides residents over 60 with a place to gather for events and socials, and the area itself has over 20 independent living communities for more mature Idahoans.
Keep your brain sharp and learn new things in Lexington, home of the University of Kentucky. This institution’s Osher Lifelong Learning Institute offers classes specifically designed for students age 50 and up, and the university encourages seniors to audit classes as long as there is an empty seat. Of course, horses are also of great importance in Kentucky; Churchill Downs, home of the annual Kentucky Derby, is a mere 90 minute car ride away. In addition to these perks, Lexington also has low taxes and affordable houses (the average price of a home is $151,000). With its southern hospitality and mid-western feel, this city is sure to offer something for everyone.
Florida as a whole is a popular choice for retirees because of favorable tax policies and nice weather. Largo has a low crime rate, and many businesses are easily accessible by walking or riding a bicycle. This city also maintains over four hundred acres of parklands, encouraging residents to spend their days in wilderness areas or nearby beaches. Largo is adjacent to the beautiful beaches of Tampa and only a two hour drive to Orlando, so expect a lot of visitors and family vacations!
Clearly, choosing where to retire is a big decision that requires thorough research and exhaustive planning. We hope we have inspired you to do your own research, yet given you some options to consider. Best of luck in your relaxing retirement!