One of the biggest questions in retirement planning is where to retire. Nearly 400,000 Americans moved states explicitly because of retirement in 2019 alone. And millions of Americans over 55 moved across state lines to warmer climates in Florida, Arizona, Texas, California, and other states typically thought of as retirement destinations.
Of course, deciding where to retire is more complicated than picking a state that has reasonable summers, mild winters, and plenty of sunshine. Even with a solid retirement fund, the cost of housing, healthcare, and other factors are still important.
To determine the best places to retire, The Motley Fool surveyed 1,500 Americans aged 55 and over about what they think the most important factors are when choosing where to retire.