Ready, Set, Retire—Baby Boomers are ready to move
Now that the Baby Boomers are starting to retire, many cities and suburbs are strutting their stuff to attract a new generation of residents.
In Illinois, Homer Glen has a number of retirement villages, Carol Stream boasts the retirement community of Windsor Park, and the Covenant Retirement Communities offers the Holmstad near Chicago as well as the Covenant Village of Northbrook.
For those seeking to escape the Midwest’s bitter winters, News & World Report compiled a list of the top 10 the sunniest places to retire. With sunny skies 88% of time Redding, CA comes in at #2, followed by Sacramento at #10.
By analyzing Census Bureau data, U.S. News found retirees can live well on less than $40,000 per year in St. Louis. The city was also named one of the 10 Great Cities for Older Singles by the AARP which included Milwaukee, San Francisco and Minneapolis-St. Paul on its list.
Minneapolis also rated well with Money magazine which named it—along with Huntington, CA and Madison, WI—as one of the best places to retire with a nice nest egg.
Of course retiring may not mean moving out of state. Many may simply be downsizing from a larger home to a smaller one, or relocating from the suburbs back into the city.