Posts Tagged ‘retirement’

Retirement Gypsies- Search for the Perfect Home.

Well, many of my clients are baby boomers, already or soon to be retired. Every state has it’s problems and living on a fixed income is often challenging. Having lived in the Bay Area most of my life, it’s hard to beat our state for ” Quality of Life” . The weather is almost always “perfect”, averaging 50/80 degrees  year round with only 2.8 inches of  rainfall per year in the south bay. Depending on where you live in California, you can snow ski and dune buggy all on the same weekend. We are no more than an hour away from the world class cities of San Francisco and Carmel, the giant Redwoods of Big Sur, 6 major league sporting arenas, numerous higher educational learning institutions and unlimited venues for theaters, festivals, parks, trails, restaurants and…….. Given that most places in California get at least 250 days with sunshine, our days and nights are full of opportunity. To find more about the Bay Area or any city for that matter, go to: Citydata and type in any city.  This is one of the best sites I’ve used.

All this being said, soon to be retirees that own their homes, are often sitting on a mountain of cash that could stretch a lot longer in another state. Housing expenses, cost of living expenses, property taxes, gas taxes, sales tax, state taxing of retirement accounts etc… all play a vital part in how long your nest egg will last. The District of Columbia publishes a report every year of a comparison of  the total tax consequence for each state based on their largest city. I’ll discuss this more in my next blog.

I will be travelling around this great country researching the “perfect retirement town” and letting you, my clients, know how each stacks up. Naturally, this will be rather subjective, but, I’ll be posting the average price of a 2ooo sq, ft. 4 bed 2 bath home, the prices of basic grocery items and the cheapest local unleaded gas.I’ll post the sales tax in each town and the pros and cons of each area based on an interview from a local agent and resident.

Let me hear from you, I’d love to know your reasons for wanting to move from, or stay at, your local and what  issues are of upmost concern for you as a prospective retiree.

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