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Your Retirement Life: College Towns

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Downtown Athens, Georgia. By Sean Pavone @ Shutterstock.com

In isolated rural areas, college towns can be an oasis of culture. Restaurants, food, events, and more come to college towns thanks to the concentration of young people willing to spend their money on such fare.

College towns can be a boon for more than students, though. Retirees can often find themselves comfortably at home in college towns located in states where their money is treated well. In areas with low taxes and low costs of living, a great retirement can be had with access to the sports events, entertainment, and cultural amenities offered by college towns.

At US News & World Report, Rodney Brooks explains that many Baby Boomers are retiring in college towns. He writes:

BABY BOOMERS ARE finding that college towns are great places to retire, and it’s not just the memories that are attracting them.

“People do like to move to college towns to retire,” says Lauretta Fogg, senior vice president at Coldwell Banker M. M. Parrish Realtors in Gainesville, Florida, home to the University of Florida. “They get access to great medical care. And between sports, concerts and lectures, there are a lot of young people that stimulate them and keep them vibrant.”

A number of my clients live near college towns and they find it to be a beneficial arrangement. Consider a college town for your retirement life.

Originally posted on Your Survival Guy.

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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.