retirement

If you want to retire here, it’s going to cost you

by
Green Escrow | Retirement

You’ve worked hard and now it’s time to step away. Finding the right location to match your desired lifestyle is no easy task, especially when many of the most popular spots for retirees are also some of the most expensive. Here are ten of hot markets for retirees with the median listing price included. Note: as a frame of reference the national median is $416,900

  • Arlington, VA – $864,000
  • Castle Rock, CO – $674,000
  • Delaware, OH – $419,500
  • Flagstaff, AZ – $503,400
  • Key West, FL – $723,800
  • Moyock, NC – $428,000
  • New York City, NY – $1,100,000
  • Rockwell, TX – $386,000
  • San Diego, CA – $791,600
  • Seattle, WA – $811,200

Moving in Retirement

by
Green Escrow | Retirement

Bankrate’s recent survey “Would You Move in Retirement?” of 1,000 adults nationwide revealed that 60 percent of Americans want to spend their retirement years in another city or state from where they currently reside. It should be noted, however, that the percentage of those desiring to move was much higher the younger the respondents. In fact only 20 percent of those surveyed age 65 and older said they’d consider moving.

Of course, living on a fixed income is a major concern for those in retirement and nearly 75 percent of those surveyed cited finding a lower cost of living as “extremely important” when retiring.

It is estimated that households approaching retirement have only $14,000 set aside in retirement accounts on the average. Elder poverty rates escalate rapidly as seniors reach their mid-70s.