When it comes to retirement destinations, you can find an endless number of lists ranking the best and worst spots to live out your golden years.
My take is it really depends on how you want your retirement to look.
Of course you want to stretch your dollar as far as it will go, but you’re also not going to do it at the expense of losing friends and family.
A survey by Merrill Lynch and Age Wave, found that the top reason people move in retirement is to be closer to family.
So, if your kids and grandkids are living in Michigan and you have your eyes set on sunny Florida, you might not be renting that U-Haul so fast.
That said there are some key factors to consider when choosing where to live in retirement.
Two of the most common factors you should consider are cost of living and quality of life. Other factors to be weighed are: