Based on analysis commissioned by AARP The Magazine, cities including Pittsburgh, San Antonio, and Omaha have been identified as the surprising locales where a fixed income of $36,500 per year buys not just a place to live, but access to quality health care, recreation, and the arts, among other "softer quality of life issues."
In light of such findings, it seems surprising that a recent article in Business Insider claims that, "As many as 3.3 million American baby boomers are planning to retire abroad, according to figures from Travel Market Report, the industry publication."
Citing the financial damage that rising health care costs and the recession have incurred on Baby Boomers, the article claims that, "In the aftermath of the global financial meltdown that ravaged 401(k) accounts and decimated home values, a growing number of Americans-like [Dan] Prescher [who lives in Ecuador]-are stretching their retirement savings by spending their golden years overseas."
At home in the U.S., or abroad, it's clear that options for an affordable and fulfilling retirement abound.
