Portfolio Names Best Places for Seniors to Retire to in 2011
Yahoo News, December 12th, 2010
As retirement communities and senior living facilities clamor for the hard-earned Social Security funds and personal savings of today's retirees, Portfolio names the best places to retire to. What's hot, what's not and why?
Who are today's Retirees?
Portfolio selected its list of best places to retire to by matching retirement communities and senior living options to the likely customers: baby boomers. Estimating that roughly 3 million Americans will reach age 65 and seek out the best places for seniors in 2011, this huge chunk of the population eligible for Social Security represents a surprisingly large demographic with equally sizable buying power.
What's Hot?
The undisputed hot spot is Bradenton-Sarasota, Florida. Second and third on the list are Prescott and Lake Havasu City, which give a nod to Arizona. The list of the best places to retire to continues on with only Florida locales: Cape Coral-Fort Myers, Naples, Palm Bay-Melbourne, Homosassa Springs, Ocala, Punta Gorda and Port St. Lucie round out the top 10.
What's Not?
The bottom five places on the 157-city list of the senior living hot spots are Harrisburg (Penn.), Jackson (MS), Columbia (SC), Baton Rouge (LA) and Ogden (UT).
What Differentiates Bradenton from Ogden?
According to the statistical data, the total 2009 population of Ogden was 542,642. Those aged 65 and above made up 48,798 of these residents, which translates to roughly 8.99 percent. The median age in Ogden is 30 years and the percent of seniors born out of state is above 45.
In contrast, Bradenton-Sarasota featured a 2009 population of 688,126, of whom 184,455 (or 26.81 percent) are senior citizens. The median age is slightly above 48 and the percentage of those moving into the retirement communities from out of state topped 95 percent.
The main draw, says Portfolio's editor to PR Newswire, is the presence of an already established senior living community. A warm climate is another big plus.
How Much Credibility Has the List of the Best Places to Retire to in 2011?
The entrepreneur ready to expand into the baby boomer market may wish to take a few pointers from Portfolio and set up shop in Bradenton-Sarasota and surrounding areas. That said, do not bet the farm on Bradenton becoming a lasting hot spot.
Read more of this article.
Relocation assistance: Relocating, even to a good area for seniors, is not an easy process. There are companies and organizations that can help with the physical, organizational, and logistical aspects of relocating or downsizing your home. Find out more at NewRetirement.com
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