Here are the best places to retire in 2020:
efore the Covid-19 pandemic, Timur and Pamela Lacey had flown from their Los Angeles-area home to Austin and Atlanta and were planning trips to Dallas, Savannah, Ga., Charleston, S.C., and the Florida Gulf Coast—all in search of a more affordable locale to enjoy an early retirement. “I’m still looking,’’ says Timur, a 57-year-old IT technician. Except instead of heading to the airport, he now pores over real estate listing websites and calls far-flung realtors to chat about their markets.
What about retirees looking to buy? They “aren’t slowing down,” reports David Masterson, a real estate agent in Green Valley, Ariz., an area 25 miles from Tucson that is one of Forbes’ 25 picks for this year’s Best Places To Retire list. The pandemic could influence retirement location decisions in other ways, too, which fortuitously, largely align with how we’ve traditionally approached our list. For example, some Boomers who haven’t financially suffered may need their savings to stretch further as they help out Millennial kids who have taken a hit—three fourths of retired parents and grandparents said they were ready to provide support to family even if it jeopardized their own finances.
Then there’s the big issue of proximity to those kids and grandkids. In pre-Covid surveys, the number one reason retirees have given for moving to another state is a desire to be closer to family—a factor that likely looms even larger now. So while our focus on affordability keeps us from recommending any place in high-cost, high-tax California or New York, we try to spread our picks across the U.S. . This year the best 25 are in 18 states and all the continental time zones.
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