But What Now?

One of the best ways to stretch our retirement dollars is to move to a less expensive location. This is especially true for those of us who live on either coast where the cost of living is the highest.

San Francisco, Boston and New York will probably always top the list or sit very near the top, but Seattle, Philadelphia, Miami, and Los Angeles, just to name a few continue to be expensive places to live.

According to Fred Brock in Live Well On Less Than You Think, 2005, “…current surveys of the baby boomers show that upwards of 80 percent want to move, especially to less urban areas, when they retire. The boomers see a “downward” move as a path to a simpler, less expensive lifestyle.”

In other words, number one, we’re in good company and number two, we’ve most likely made a number of moves during our working lives than any generation before us.

RetirementLiving.com provides excellent information on Great Places to Retire.