I'm 57 and thinking about where to live when I retire. How do I choose the right location — and make sure I can it?

HireAHelper reports that much than 338,000 Americans moved successful conjunction with retiring successful 2023 — a 44% summation from the twelvemonth before. Not surprisingly, the information recovered that retirees were speedy to fly high-cost states similar California and New York, and that Florida was the apical destination for status moves crossed authorities lines.

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If you’re 57, you whitethorn beryllium counting down until status and readying a move. And, it’s bully to bash your probe up of status truthful you person plentifulness of clip to marque your decision. Here’s however to fig retired wherever to determination to successful your elder years — and however to guarantee that it’s financially stable.

If you look online, you'll spot plentifulness of roundups of the champion states successful which to retire, similar ours. But, you besides request to look beyond the rankings and determine what you privation the astir retired of a move.

If your superior extremity is to little your surviving costs, past you whitethorn privation to discontinue successful a authorities with nary income taxation (Florida fits that bill) oregon successful a authorities wherever surviving expenses are mostly cheap. But, you whitethorn person different goals successful relocating.

Climate could beryllium 1 of them. You whitethorn nary longer person the patience for harsh winters oregon the vigor to wide snowfall retired of your driveway. Or, you whitethorn beryllium bushed of the vigor and similar a authorities wherever the temperatures are much mean year-round.

Proximity to household whitethorn besides play a large relation successful wherever you move. A 2024 Transamerica Center for Retirement Studies study recovered that 32% of retirees are prioritizing family. Living adjacent loved ones could marque your elder years much fulfilling portion besides giving you entree to imaginable caregivers, should you request that assistance aboriginal successful life.

One happening you should marque a constituent to probe earlier relocating is entree to wellness care. Some states connection amended entree to Medicare plans than others, truthful you whitethorn privation to usage Medicare's program finder to spot what choices you have. You tin besides cheque retired this scorecard from the Commonwealth Fund to spot however good antithetic states' wellness attraction systems stack up.