Affordability is typically the No. 1 consideration in choosing where to retire. The local cost of living along with income, sales, and property taxes are important factors.
When it comes to real estate, location, location, location is key. Whether you prefer four seasons or milder temperatures your-round, proximity to family and friends is certainly an emotional aspect of retirement living. often retirees decide to own a home in two locations, one near family and the other near the beach or in the mountains.
Another option is choosing to purchase a house or condo several years ahead of retirement and then renting it out prior to moving in themselves.