When
retirement is on the horizon, many people put their current hometown in the
rearview mirror. As the retiree population continues its upward trajectory, we expect
popular retirement destinations to grow right along with it.
A
recent study by McKinsey & Company identified 13 U.S. “retirement hubs” —
cities that are most likely to experience rapid growth by retirees. In the next
14 years, the number of retirees is expected to grow by more than a third, from
164 million to 222 million.
Although
modest Midwest towns are drawing more interest, the biggest draw for retirees
is still the warm weather and sandy beaches of Florida.
[CLICK HERE to read the article, “Urban
World: The Global Consumers to Watch” from McKinsey & Company, April 2016.]
[Copy
and paste this link into your browser http://www.forbes.com/best-places-to-retire/list/
to read the article,
“Best Places to Retire” from Forbes, 2016.]
[CLICK HERE to read the article, “The
World’s Best Places to Retire In 2016” from International Living, Jan. 1, 2016.]
When
you need guidance to reach your desired destination, both location-wise and
financially, we’re here to help. There are a variety of ways to manage retirement
assets, from annuities and 401(k) plans to IRAs, pensions and investments. Please remember that
investing involves risk, including the potential loss of principal. No
investment strategy can guarantee a profit or protect against loss in periods
of declining values. If you’re looking to relocate in retirement,
we can help evaluate what your expenses will look like and help create a personalized retirement income plan using a variety of insurance and investment
products.
[CLICK HERE to read the article, “Should
Annuities Be Part Of Your Retirement Portfolio?” from Fortune, Feb. 3, 2016.]
[CLICK HERE to read the article, “High-Yield
Corporate Bonds: Compelling Relative Value Despite Volatility” from Guggenheim
Partners, March 17, 2016.
[CLICK HERE to read the article, “How to
get guaranteed retirement income for life” from CNN Money, Jan. 20, 2016.]
On the flip
side, staying put is another popular option for retirees, especially if all
their friends and family still live nearby. Much like the relaxing
“staycations” that became commonplace during the recession, there’s no reason
why you can’t make a retirement hub in your own hometown.
While your place
of retirement may not be a college town, there’s likely one nearby. Check out
what opportunities are available for local residents, such as auditing classes,
use of athletic facilities and traveling performances by theatre groups,
authors or artists.
Also, see what
your library has going on. Many offer a range of classes taught by locals who
specialize in a specific topic, whether it’s religion, technology or archeology.
By making
the most of your surroundings, the town you’ve been living in all along can
become a desirable retirement locale in its own right. Retirement hubs aren’t
just about warm weather and sandy beaches, but also staying busy and
experiencing new things. Consider both options, and when you decide whether
you’d rather stay nearby or set out for a new destination, visit us and we will
help you create a financial strategy that you can feel confident about.
We
are an independent firm helping individuals create retirement strategies using
a variety of insurance and investment products to custom suit their needs and
objectives.
This material has been prepared for our firm and
contains general information to help you understand basic financial planning
strategies that may help you work towards your financial goals. Please
understand that I cannot make any promises or guarantees that you will
accomplish such goals. All investments
are subject to risk including the complete loss of principal.
Throughout, we may generally discuss different
financial vehicles; however, nothing contained herein should be construed as a
recommendation to buy or sell any financial vehicle, nor should it be used to
make decisions about your investments.
The information contained in this material has been obtained from third party sources believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions.
Investment
Advisory Services offered through Global Financial Private Capital, LLC, an SEC
Registered Investment Advisor.
If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.