You want to make sure your retirement plans are right for you. As I wrote to you yesterday, testing or experimenting by actually living in your chosen destination, for at least one season makes sense to me. You could also see what it’s like to be retired by taking a prolonged vacation. Put yourself in that retirement mindset.
In other words, you are in charge of your retirement. It’s no secret retirees are moving to places where their money is treated with respect. But it’s beginning to become pretty crowded in certain spots. Take Nashville, TN for example. Cameron McWhirter reports at The Wall Street Journal:
Nashville, Atlanta, Charlotte, Raleigh-Durham, Miami and other large Southern cities have become the economic powerhouses of the region, drawing more migrants from the North and Midwest. Southern metro areas make up almost 32% of the U.S. population, up from about 29% in 2000, according to the census. During the same period, the percentage of the U.S. population in metro areas of the Northeast and Midwest dropped.
As Southern cities draw more people from other regions, politicians, business leaders, economists and residents are increasingly focused on how to manage the growth to keep housing and other costs of living in line with wages.
For decades, part of the South’s appeal has been low housing costs, said Laurel Graefe, deputy regional executive of the Nashville branch of the Federal Reserve Bank of Atlanta. While corporate incentives and relatively low taxation are still drawing businesses and workers, housing demand in some places has far outstripped supply, driving up prices, she said.
Read more here.
E.J. Smith - Your Survival Guy
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