These choices include: Alaska, Costa Rica, Canada, France, Italy, New Zealand, Panama, South America, Spain, Sweden and the UK. Each offers its own particular charms and draws retirees back to it year after year. One thing that all of these nations have in common is their ability to offer affordable living conditions while at the same time having a great deal of fun. In this article we will discuss some tips on where to retire overseas and how to choose one of these locations for your retirement.
First, lets look at the least expensive places to retire to. Some of the United States’ least expensive spots to retire to include: Wyoming, New Mexico, Arizona and Florida. All of these states have annual costs below ten thousand dollars and offer a lot of year-round activities to entice retirees. For example, Wyoming offers horseback riding, fishing, camping, boating, skiing, hunting, and more, all of which can help retirees get in some good physical shape while at the same time reducing their costs.
Next, let’s take a look at some of the places which fall into the top ten cheapest places to live. The US has many cities that rank high on this list. Cities like Salt Lake City, San Diego, Phoenix, Las Vegas, and Boston have plenty of year-round outdoor activities and great weather. In addition, many of these cities have plenty of local and national parks, public libraries, museums, and other attractions which retirees find appealing. In short, these cities offer plenty of opportunity for active and healthy lifestyles while retirees keep in touch with the rest of life.
The next group of retirement destinations include cities in Europe. Most European countries have excellent benefits, affordable homes, and great climates. And since many European countries are well-known for their work culture and socialized lifestyles, those who retire here often stay around as their children grow up and start families. By the time retirement occurs, many of these retirees will still be living in their home country, renting out an apartment, or perhaps even buying a second home in Europe.
Of course, the top two retirement income tax rates in the US are in California and Illinois. Both of these states offer retiree’s great living conditions. California’s retirement income tax rate is seven percent, while Illinois’s rate is only five percent. In addition, both of these states have very low property taxes, along with great job opportunities and a very competitive real estate market. All of these factors make California and Illinois the two best retirement income tax states in the US.
In closing, I would like to mention some of the other major factors which contribute to retirement income.The first where to retire category includes state and local governments, including highways, cities, counties, and school districts. Another category is comprised of private universities and , research facilities, national labs, and national defense industry facilities. The last category is comprised of real estate. All of these places can make for great retirement income destinations, depending on what you want to do with your money once you are retired