You worked diligently for years investing in an occupation or career of choice. Perhaps you’re years away from retirement, or a few months before the clock ticks and it’s time to retire. For most of us, it’s time to start planning for life after our working years! Ideally, retirement planning should begin early in your career. Financial advisors and career coaches can assist with various aspects of retirement.
TOP FIVE PLACES TO RETIRE:
A good starting point is researching different cities that capture your interest. Bankrate outlines the top five best states to retire: Wyoming first place, Colorado second place, Utah third place, Virginia fourth place, and Iowa fifth place. You may wonder, what are the worst places to retire? According to Bankrate, New York and Arkansas would be the worst places to retire, with Arkansas coming in last place.
CBS News outlines the top best places to retire sharing, describing how Wyoming offers many benefits to residents like low cost of living, low crime rate, and light tax burden. Colorado is also top in the list with many positive attributes. CBS News states, “Colorado has several things going for it lately. It’s unemployment rate is lower and its population is more educated than the national average.” Third but not last is Utah, which is known for it’s beautiful mountains and rivers. Many young families are growing found of this state, with 29.7 as the median age. In addition to delicious potatoes, Idaho has much to offer residents. Idaho has the incentive of low cost of living with beautiful nature sights. CBS News notes $176,010 as the median home sale price in Idaho. Lastly, Virginia – the state that offers the best of all worldswith the experience of four-seasons and tolerable climate changes. CBS News shares how cities in Virginia, like Williamsburg, provide a beautiful blend of history and modern culture.
Retirement planning takes time and preparation. It involves goal setting, research, and financial investments. A good place of inspiration is researching different states or countries that interest you. Consider your budget, retirement timeframe, deadlines, support systems, and personal preferences. Planning for your retirement can be exciting! Outline the top five places that best suit your personal goals and retirement setting.