3 Boomer-Friendly Cities Where Retirees Can Live It Up for Less

If you are pondering a move during your golden years, consider these boomer-centric, affordable spots

Jul 5, 2014 at 12:00PM

Everyone who is close to retirement – namely, the baby boomer generation – wants to make their retirement dollars stretch as far as possible. At the same time, boomers want to enjoy life, which means staying physically active, as well as enjoying cultural amenities and great food.

I trolled several sites that professed to have the "best" list of cities for retirement, and picked a few that sounded appealing on the affordability scale, in addition to offering a wide array of things to do and see. Though not in any specific order, here are three of the most attractive U.S. cities for boomers looking for fun, food, and a low cost of living.


Savannah, Georgia
According to Grandparents.com, Savannah has a very low cost of living – nine points lower than the national average, according to their calculations. Sperling's Best Places, however, gives it a much larger discount of 17 points, which means the city weighs in at 83 out of 100.

As if that wasn't enough, Savannah has beauty and culture to add to its list of attributes. The city has nearly two dozen parks and public squares, and is home to the Savannah College of Art and Design, as well as the South's oldest art museum, the Telfair Museum of Art. Add in the live oaks, dripping Spanish moss and the nearby ocean, and Savannah sounds like anyone's dream retirement destination.


Tulsa. Source: Wikimedia / Robert Baird.

Tulsa, Oklahoma
Depending upon which site you consult, Tulsa has a cost of living discount of 15.4%, 11.6%, or 10%. Whichever you choose, though, that low expense ratio is pretty sweet.

According to Grandparents.com, Tulsa sports some of the happiest retirees around. The city boasts of 19 public golf courses, so golf nuts will never tire of the same old scenery. There are lots of other attractions, too: parkland takes up 6,000 city acres, and Tulsa is also home to excellent museums, as well as the campus of Oklahoma State University. Housing is cheap, too, with the median home cost right around $94,300. Another bonus: assisted living costs are well below the national average, as well. 


Omaha. Source: Wikimedia / Ron Reiring.

Omaha, Nebraska
ThinkAdvisor gives Omaha a cost of living score of 88, and Marketwatch notes that the state of Nebraska has one of the most contented and happy populations in the country. The state has a very low unemployment rate, as well – which should be very attractive to boomers who plan to supplement their retirement income with a little paid work. 

Omaha is brimming with culture, and is home to the famous Orpheum Theater and the Joslyn Art Museum, the state's largest. Golf is a favorite pastime here, too, with over 50 golf courses in the immediate area. 

These are only three of many excellent choices in which to live out your dream retirement, so make sure you check out the vital statistics of all the areas you are considering. If you are on a budget, however, staying active and engaged could be a lot cheaper in these three cities than where you currently live, and should definitely be at the top of your comparison-shopping list.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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