5 Places You Must Consider Living if You're Planning to Retire

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

There's certainly a lot of factors that go into planning for retirement, but in our eyes one of the biggest is figuring out where you're going to live - after all, the cost of living differs in certain neighborhoods, towns, cities and states, so your decision will greatly impact what your retirement budget needs to account for.

If you're planning to retire in the near future, here are some of the best places to consider:

Bethlehem, Pennsylvania
Bethlehem, Pennsylvania is full of history, and the average property tax was recorded at $4,082. With 31% of the population being over the age of 55, this area is quickly proving popular for individuals looking towards retirement, and with a median home price of just $153,000, it proves rather affordable compared to many other places too. Not to mention, there is no state tax on Social Security benefits or retirement accounts of any kind, which is a huge, huge benefit!

Nashua, New Hampshire
There's a lot that makes Nashua, New Hampshire so appealing, but most importantly for retirees, it has low taxes and affordable housing. Additionally, there is no Social Security or pension tax, which would certainly be appreciated by anyone claiming retirement benefits. Situated near the White Mountains, the Atlantic Coast, and the ever-popular Boston, this is a great destination for retirees who have plans to travel and explore as well.

Hollywood, Florida
Florida has proven to be a major destination for many retirees, and we're not surprised. Specifically focusing on Hollywood, Florida, it's proven to be very affordable for many, and what you save in taxes will amaze you! And though this is the area where it's suggested you live, you're close by to Fort Lauderdale and Miami, so there's tons to do.

Sugar Land, Texas
Finding a place to live that offers a great quality of life is so important for retirees, and Sugar Land offers just that - not to mention, it also offers a pretty low cost of living too! Furthermore, there is no income tax here, and if you're a homeowner aged 65 or older, you get an additional $10,000 above the typical $12,000 homestead exemption.

Spokane, Washington
Heading all the way over to the west coast, a recommendation is to check out Spokane, Washington. Housing is extremely affordable here, with the median price being recorded around $150,000, and there is no state income or inheritance tax (though taxes are applied to any estates that are worth more than $2 million). And another huge benefit? Access to health care.

Something that we at American Investment Planners LLC can help you prepare for is relocation, so if you have plans to pack up and move elsewhere once you retire, we encourage you to sit down and speak with one of our advisors first.

To set up an appointment, please call (516) 932-5130 or email info@americaninvestmentplanners.com.

Where Should Snowbirds Retire To?

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

If you're a native Long Islander, then you are certainly no stranger to the harsh weather that our winters can bring. And between the cold, snow and ice, even a mix of all three, we wouldn't be surprised if your post retirement plan is to pack up and leave! But where should you go, exactly? While most people might say "Florida," you'll need to start thinking a bit more specifically if relocation is really in your future; here's where U.S. News and World Report suggests:

1. Key West: Did you know that Key West is known to be one of the hottest places in the mainland? If cold temperatures are the last thing you want to experience later in life, you may find comfort in this part of the Florida Keys.

2. Fort Myers: Another Florida favorite for retirees is Fort Myers. Geographically located near the Gulf of Mexico, this particular area may be the perfect destination for those who want their winters to reflect warm summer temps.

3. Orlando: You don't have to be a Disney fan to enjoy this sunny spot! (But if you are, it's definitely a plus.) Recording an average temperature of about 73 degrees for the past 30 years, Orlando is an area you'll definitely want to consider if you just want to sit back and relax.

Aside from Florida, where else can you go if you'd like to escape the cold? When you think about heading south, you may also want to consider moving a bit towards the west:

4. Brownsville: Situated on the southern-most tip of Texas, Brownsville is referred to as the hottest city in the state. Also located near the Gulf of Mexico, this particular city tends to be known for its high humidity levels, which may make it feel even warmer on certain days.

5. Phoenix: Moving even further west, Arizona is another popular destination for snowbird retirees. Similar to Brownsville, Phoenix is known as the hottest city in its state - it's also one of the sunniest! Therefore, if you want to escape the cold and the clouds, this is one location you won't want to overlook.

Once you figure out where you want to relocate during retirement, the next step would be to start planning for it! To begin preparing for this next stage of your life, we hope you'll contact the team here at American Investment Planners LLC! We can be reached by phone at (516) 932-5130 or via email at info@americaninvestmentplanners.com.

Services Offered at American Investment Planners LLC

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

Since 1984, the team of advisors here at American Investment Planners LLC has been providing top of the line financial planning services to individuals of all ages throughout the nation. Headquartered in Jericho, New York with additional offices in Florida and Texas, we strive to provide the most strategic financial solutions, where the outcome leaves our clients feeling more than comfortable about their current and future financial status.

Led by Lee Rosenberg, CFP, who is a nationally known author and lecturer with over 30 years of experience in the financial planning industry, we are available to provide the following services:

Portfolio and asset management

Estate planning

Retirement planning

Taxes and accounting

Relocation

Insurance

Health-related financial planning

College savings

Elder care

Surviving the loss of a spouse

And that's not all! We have also dedicated part of our services to assisting small business owners as well, as we realize that they have similar needs when it comes to succeeding financially.

If you're looking for a firm who will provide you with their undivided attention and develop solutions that are strictly tailored to your personal needs, look no further than American Investment Planners LLC! We successfully manage hundreds of millions of dollars in assets annually and would love to have the opportunity to help you next.

For more information about our services, please visit www.americaninvestmentplanners.com or call (516) 932-5130 today.