Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing Access Your Profit Alerts

The 7 Best U.S. Cities to Retire to in 2017

Baby boomers are now retiring at a rate of about 10,000 per day and will continue to do so for the next three years. And a Bankrate study showed about half of people nearing retirement (age 50 to 64) consider moving once they stop working.

Some retirees will stay put, with deep roots in their communities. Others have great opportunities to relocate right here in the United States – cities with lower-than-average tax rates and home prices, and sometimes great waterfront views…

Money Morning took a look at U.S. cities with low sales taxes, affordable houses, low unemployment rates, and a few other key metrics. Our research led us to these 7 best U.S. cities to retire to in 2017…

best U.S. cities to retire to

It’s little surprise that Cape Coral, Fla., tops the list of our best U.S. cities to retire to in 2017. It has zero income tax, zero social security tax, a modest sales tax – plus temperatures stay in the mid-60s during winter months.

Now that you know where to go, there’s more we want you to be prepared for when thinking about retirement in 2017

A nationwide “Retirement Blackout” is scheduled for as soon as April 2017. It’s been orchestrated by the federal government. It targets a unique class of investments that provide the opportunity to earn aggressive monthly income combined with huge lump-sum payouts.

If you have a 401(k), IRA, or any type of retirement account, this could cause you to miss out on $68,870, or more, a year. Full Story

To get more up-to-date news on retirement follow us at @moneymorning or on Facebook.

 

Join the conversation. Click here to jump to comments…

Leave a Reply

Your email address will not be published. Required fields are marked *

Some HTML is OK