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Once you don’t have to go to work every day, you have more freedom to choose where to live in retirement.
A national survey conducted for Bankrate last year found that 60% of Americans would like to move to another city or state after they retire.
That leaves about 40% who want to stick closer to home.
Will you stay or will you go? And if you go, in what kind of place will you choose to hang your hat? The decision, of course, depends on your needs and desires, as well as your finances. Knowing which states are the best and worst for retirement also helps.
If there is one piece of advice to take seriously, it is this: Don’t make this decision without giving it a lot of thought. Read on to learn how others made their decisions about where to spend the final decades of their lives.