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Tuesday, September 18, 2012

Some baby boomers like colder, rural places to retire, for the seasons and lower costs

Several rural towns in cold-weather states including Maine, Washington and Montana, have become retirement destination for older members of the baby boom generation, The Associated Press reports. Camden, Me., Durango, Colo., Coeur d'Alene, Idaho, Kalispell, Mont., and the San Juan Islands in Washington's Puget Sound are frequently cited as some of the best places to live for retirees.

"Boomers and retirees these days are considering a much wider range of destinations for retirement, often choosing states that don’t commonly come to mind, such as Maine and Montana," Mary Lu Abbott, editor of Where to Retire magazine, told AP. “The Sun Belt remains popular, but many people prefer a four-season climate and enjoy the changing of seasons. They seek towns that are safe and have active, appealing downtowns and good hospitals nearby, and increasingly they’re looking for places with a lower cost of living and lower overall tax rate.” (Read more)

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