- LATIN AMERICA
- MIDDLE EAST
- United Kingdom
- United States
- New Zealand
- South Africa
Members of the massive baby boom generation have reinvented each stage of life as they passed through it. Their retirement years will be no different. Like previous generations, boomer retirees are going to take up new hobbies and volunteer. But those who didn't save enough or choose to continue working will also start businesses and begin second careers. As life spans continue to increase, retirees are likely to embrace a mix of work and leisure activities.
Take Marie Hornback, 66, who runs two businesses in Fort Collins, Colo., and has no plans to retire. Hornback, a British-born American citizen and director of H.M.S. Protocol & Etiquette Training, opened a stationary store, Sign With Prestige, in
To help retirees find a place to launch this new phase of life,
College towns such as Madison, Wis., and Tallahassee, Fla., offer an ideal mix of amenities and affordability. Schools give you a chance to stay intellectually active, host world class speakers, entertainers, and sports, and often provide great health care and cutting edge medical research. Many colleges allow retirees to take courses for free or a nominal cost. The
If you need or want to work in retirement, it's a good idea to find a place with a strong and diverse economy, such as Nashua, N.H., or
, Kan. In 2007, Shawn Slome, 57, got out of the outlet clothing business and opened an eco-friendly products store, Twig, in Chapel Hill, N.C. The year before, he designed and built a solar home. "It feels like my business has more purpose than money alone or profit," Slome says about his 1,800 square-foot store that's located in a shopping center with
You can also stretch your nest egg by moving to a place with a lower cost of living than where you live now. If the city has convenient public transportation, you can save even more by going car-less. Annette Mills and David Eckert sold their car two weeks after they moved from Falls Church, Va., to Corvallis, Ore., when they retired in 2006. The couple now gets around using a combination of bikes, public transportation, and walking. "Every time I get on my bike, I feel like I am eight years old again," says Mills, 61, who carries groceries home from the farmers' market and local food co-op in her bike baskets. Biking allows the couple to incorporate exercise into their routine as well as save money. "It is phenomenal all the bills that we don't have anymore," says Eckert, 62, a retired documentary filmmaker. "It's like a huge burden has lifted."
The retirement locations on our list strike a balance between small-town charms and big-city amenities. Georgetown , Texas, for example, is nestled between the scenic Texas Hill Country and Austin, which is only a half hour away.
It would be difficult to run out of things to do in the 400-year-old city of
. Anne Anderson, 62, a retired textbook salesperson, chose to stay in Santa Fe when she retired in 2008. An avid art fan, she volunteers at the
Check out these 10 great places to reinvent your life in retirement:
Chapel Hill, N.C.
Fort Collins, Colo.
Georgetown , Texas
Overland Park , Kan.
Portland , Maine
Santa Fe , N.M.