What is Your Retirement Strategy?

The economic meltdown of 2008 has forced many of us to take a fresh look at our retirement strategy. Many who thought they were on track for a comfortable retirement have seen their nest egg dwindle and have had to determine whether to live on less or continue to work longer.

A strategy that may get your retirement goals back on track is moving to Texas. Texas has become the number two retirement destination in the United States because of an attractive combination of no state income tax, low cost of living, great climate, welcoming attitude and a stable economy. Even those wishing to continue to work at some level during retirement will appreciate the lower unemployment rate in Texas. Depending upon where you are relocating from, many families are finding that they can “cash out” of their homes in other areas and find comparable or downsized home in Texas and cushion their retirement nest egg with the difference, sometimes with dramatic results.

Texas is also considered a business friendly state. Many wish to start their own business in retirement and are looking for a more supportive environment. But if it’s quality of life and an abundance of leisure activities that are your primary interest, rest assured that Texas has much to offer you as well.