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A longer life is obviously great news. This affords you time to check off your bucket list, but it also means you need to plan for a longer retirement. For example, if you retire at 65, a 30-year retirement is now quite possible. But even if you manage to save $1 million for retirement, you have to be sure to budget it .
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You may not have heard of some of the best places to retire on a budget, so we compiled some fun facts and cool things to do for each city on the list. I have to admit, I was surprised by some of these, since when I think of retirement I tend to think of Florida.
Retirement does not have to be expensive. In fact, here are some active adult communities that offer affordable living under $110k. These communities not only give your wallet peace of mind but your mind and body as well, with all of the amenities and activities offered.
If you live in Alaska, Florida, Nevada, South Dakota. In particular, retirees looking for more affordable places to live often choose to move to tax-friendlier locations that allow them to stretch.
For those in the market for a place to retire, some locations are better. “There are some surprises on the list-the biggest one being that typical snowbird cities in southern Florida were edged out.
More from Personal Finance: Here are the most and least affordable cities to live in Residents in this metro area saw taxes rise by more than $2,600 Do this when mortgage shopping and save $430 (in.
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Reverse mortgages: 15,000 older Florida homeowners at risk of. Melanie Payne, Naples Daily News Published 6:00 a.m. ET June 12. Promised retirement stability through reverse mortgages, seniors now face foreclosure.