Top Retirement Hot Spots

Beautiful Santa Fe, New Mexico

More people are moving to New Mexico in retirement than anywhere else.

In fact, 43% of all people relocating in retirement are headed toward the Land of Enchantment, found a recent survey.

Florida comes in as the 2nd top destination, capturing 39% of all retirees looking to relocate.

What are these retirees looking for?

They’re in search of a mild climate, a lower cost of living, and the great outdoors.

Where are they moving from?

No surprise … most people are escaping from the cold winters and higher taxes in Connecticut and New Jersey.

For more information on the top relocation destinations, click here.

The Takeaway: Many of our clients are interested in relocating once they are retired. Some are looking to be closer to the kids and grandkids. Others are looking for a slower pace of life and a less congested setting.

If you’re thinking of relocating, do your homework first. Spend time in the new community to make sure you like it. Consider renting a house for a few weeks or longer to get a good feel for what living there would be like, and don’t forget to talk to your financial and tax advisors about tax and other ramifications.

 

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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