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Stay or leave? A Retirement Conundrum
You did it. Finally! You have reached that magical age of retirement; the kids are grown, and you have a nest egg at your disposal. The next logical step is to decide how and where you will spend your golden years. Many retirees are faced with the decision whether to stay put in their current state or move on to what they consider greener pastures.
California has the second highest cost-of- living rating in the country, which can make it tough for local retirees to make ends meet.1 We live in a state where the average home price hovers around $1.2 million, and a half gallon of milk will run you about $2.86.1 But according to the 2010 U.S. Census, only 1.6 percent of retirees between the ages of 55-65 moved across state lines.2 Which means Dorothy was right: There is no place like home.