San Diego is a dream for many retirees. It offers nearly continuous sunshine, great restaurants and plenty of activities to keep you busy. Unfortunately, it’s also extremely expensive. According to Zillow, the average San Diego home price is $1.03 million.
If you’re seeking a warm, tropical location to enjoy your retirement, San Diego might not fit into your budget. Luckily, there are many other locations that offer the same great features of San Diego, without the price tag.
Myrtle Beach, South Carolina
The first location, Myrtle Beach, might be on the opposite side of the country, but it’s a popular spot for retirees. With an average home price of $307,680, owning a home will be much more affordable.
Similar to San Diego, Myrtle Beach is a tourist destination. Its population increases significantly during the summer months, with people coming to enjoy the great beach weather. But don’t let the crowds scare you away — Myrtle Beach has a great laid-back vibe.
One of the best aspects of Myrtle Beach is the abundance of things to do. Located on the Atlantic Ocean and near numerous lakes, there’s an endless supply of fishing holes to enjoy. Plus, the area has more than 90 golf courses. Myrtle Beach is also home to many great restaurants, breweries and distilleries.
One more reason to consider Myrtle Beach is that South Carolina is a tax-friendly state for retirees. Social Security benefits are not taxed, and retirees can enjoy a $10,000 taxable income deduction on other sources of retirement income.
See the rest here:
https://finance.yahoo.com/news/5-places-retire-just-san-130034781.html
…and you can enjoy the hurricanes until your insurance is cancelled!
According to forecasts from a range of sources, the hurricane season that begins today could be the direst in recorded history. Abnormally warm waters in the Atlantic Ocean, coupled with the persistently strong winds formed by an emerging La Niña weather front, create dangerous conditions that could lead to as many as 25 named storms in the North Atlantic, according to the National Oceanic and Atmospheric Administration. Amid the continuing threat of climate change, Americans can easily become inured to alarming projections year after year. Both the potential size of this year’s hurricanes and their expected frequency threaten to overwhelm society’s ability to help those in danger and make whole anyone who suffers losses.
America’s disaster-preparedness system doesn’t consist only of the Federal Emergency Management Agency and state and local first-response agencies; it also involves logistics supply chains, private and public insurers, and the regulators who shape the built environment. But none of these entities has the muscle or the resources to prepare for disasters that keep on coming—one after another after another.
People are not particularly attentive to risks that get a little bit worse every year, even when they add up, over the course of decades or generations, to a massive problem. And even when insurers jack up rates or drop coverage for people at elevated risk from climate-related disasters, public officials—including those, as I have previously noted, who claim to acknowledge the danger of a warming planet—do their best to dampen the signals that the market is trying to send.
All of which means that, especially if you live in a vulnerable area, the question isn’t whether society is ready for what this year’s weather may hold. It’s whether you are.