San Antonio
First colonized by the Spanish in the early 1700s, San Antonio now has an extensive 11,000-acre park system containing over 68 miles of trails and more than 50 golf courses. Yet housing remains affordable, costing homeowners age 60 and older a median of $1,155 monthly, or $398 if they have paid off their mortgage. Monthly rent for retirees is a median of $660. "In other places in the country, I would have gotten the same retirement money but my dollars go further here," says Lawrence Zepeda, a former U.S. Army Sergeant Major and safety manager who retired in 2007. An added bonus: There is no state income tax in Texas.
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An hour north of here is Kerrville. Also on many lists as a top retirement location.
$40k? For a few years, then property taxes increase, utilities increase, gas to get to the doctors increases, etc.
The Federal Reserve’s job is to cause inflation. Until that beast is destroyed no one will ever find a fixed income to sustain them through the end of their life.
The only place on that list that I would even consider is San Antonio, and maybe Columbia, S.C. I don’t know anything about Columbia, so I couldn’t cross it off.
Squatting in a foreclosed home.
lol
As usual, these surveys demonstrate absolutely no connection with the reality most people are living, or any awareness of communities with populations under 500,000. Useless nonsense.
Right here in these United States....a less than $40K income will get you: EITC (if you have a dependent), SNAP, EBT (TANF), WICs (if you’re fertile enough to download one), and a host of other government programs (Section 8?)....
All you gotta do is one-stop online processing...they don’t really check assets - too many applicants. One will get you all.
I “retired(first time)” to the Omaha NE/Coucil Bluffs Iowa area and I pretty well like it. My Ultimate Retirment could be Grenada Island(Urgent Fury 1983 Vet).
Gonna pay off the house, work as long as I physiclly can, and stay put.
I like where I am; I like what I do. And I’d like to have the money to spend on grandkids.
If Yinzer take the suggestion n’@ to move to Pittsburgh I would suggest NOT living in Allegheny County (where the city is located)...instead look for housing in Westmoreland (where I live), Washington, or Butler counties. Low property taxes and its the part of PA that James Carville calls “Alabama.” Honest—it’s a great part of the country—right now we are in the full grandeur of Fall—the leaf colors are spectacular!!!
I’m going to Thailand early next year... I will stay there most of the time. I can speak the language and people are friendly and tolerant of Westerners. I plan on teaching English (one can do this is a number of countries around the word - just have a college degree and take a certification course - fluency in the native language not required)... I also plan to operate a small business using Aquaponics. Cost of living - makes all the difference. A nice modern bungalow - 2 bedroom, 2 bath, patio/garden about $375-$400 a month. Food is cheap - Western style vegetables are available or you can grow your own. I have plans to marry this nice government school officer who has a relatively good income... I do this for a number of reasons, I like adventure, I’m single and don’t get along with American women in my age group. Also, I can’t get a decent job in the USA (mostly age discrimination)and I cannot live on my retirement income in the USA - not easily anyway.
During the housing boom - many ‘boomers’ who had paid off their 30-year mortgages sold their houses for huge profits and moved to ‘retirement communities’ in warmer Southern climates, featuring golf and other plush amenities. (I know, because I went South too).
This was a good move for many; but as one article commentor noted - leaving family, friends and neighbors of shared memories is a huge jolt. Think carefully before pulling up stakes at an advanced age - it’s a big adjustment.
Many Southern States do have superb medical & educational facilities; plus historic places to visit and enjoy all year long - but it is full of strangers;)
Pittsburgh??? (blink, blink)
Best places to retire and hold onto your wealth...Belize? Honduras? Chile?
Bttt
We are blessed and cursed with living in Wino Counry in N California. With the exception of post Christmas until Easter, our weather may be the best in the nation.
We are about an hour from the Ocean and two hours from the Sierra’s for outside fun.
Living with the increasing Nannyism of the left wing and the tax and spend mentalities of the left is bad.
We have discussed years about getting out of Dodge for the bad months and living in the St Augustine area. Once we cracked the code of how to find the beaches, which my wife loved, she was happy. I have a good fly fishing friend there with a cadre of fly fishers. I could kayak every day and fish the various waters. I made friends with a couple of guides down there, who would take me along for free to show people how to use the shorter two handed rods for fly fishing.
Some inlaws spent a couple of months in the Keys this winter, and loved it.
We don’t handle heat well, so Floriduh would not work year round.
So we would come back to Wino land after our mild/short but nasty winter was over.
Also, our family is in this area as well as friends going back decades.
Before the cartel took over, we loved the Mexican coast and thought about buying time shares or a condo to live in during our winter. Mexico has become a nightmare for most people.
PFL
Detroit?