Individuals who are reaching retirement age are starting to organize their finances and finding out when the perfect time to stop working is. They are also thinking about where exactly they are going to settle, and it most likely is not a busy, young and crowded destination. According to U.S. News & World Report, there are a couple of cities that already have an older population.
Scottsdale, Arizona, currently has the oldest senior citizen population. In addition, there are five cities in Florida and two urban locations in California that also have older populations, according to the media outlet.
Florida is a popular destination for seniors because not only is the weather good for active lifestyles but it also has low state and local tax rates. There is also no income tax. Many Florida towns have developed retirement communities, which draws retirees to the sunshine state, the news source reports.
According to the Waterloo Cedar Falls Courier, even if retirement feels far away, it always a smart idea to start thinking about where you will end up. Planning early is an important aspect to happy retirement living.