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Your Retirement Life: A Simple Way to Retire where You want to Live

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By Peter Gudella @ Shutterstock.com

You want to make sure your retirement plans are right for you. As I wrote to you yesterday, testing or experimenting by actually living in your chosen destination, for at least one season makes sense to me. You could also see what it’s like to be retired by taking a prolonged vacation. Put yourself in that retirement mindset.

In other words, you are in charge of your retirement. It’s no secret retirees are moving to places where their money is treated with respect. But it’s beginning to become pretty crowded in certain spots. Take Nashville, TN for example. Cameron McWhirter reports at The Wall Street Journal:

Nashville, Atlanta, Charlotte, Raleigh-Durham, Miami and other large Southern cities have become the economic powerhouses of the region, drawing more migrants from the North and Midwest. Southern metro areas make up almost 32% of the U.S. population, up from about 29% in 2000, according to the census. During the same period, the percentage of the U.S. population in metro areas of the Northeast and Midwest dropped.

As Southern cities draw more people from other regions, politicians, business leaders, economists and residents are increasingly focused on how to manage the growth to keep housing and other costs of living in line with wages.

For decades, part of the South’s appeal has been low housing costs, said Laurel Graefe, deputy regional executive of the Nashville branch of the Federal Reserve Bank of Atlanta. While corporate incentives and relatively low taxation are still drawing businesses and workers, housing demand in some places has far outstripped supply, driving up prices, she said.

Read more here.

Originally posted on Yoursurvivalguy.com.

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E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.