Colorado in general is considered a very good place to retire, due to the high life expectancy and retirement opportunities, including outdoor adventures, cultural experiences, etc.
In particular, Colorado Springs offers pretty generous tax exclusions for taxpayers 55+ and is more affordable than Denver. Besides, the area`s natural beauty as well as the city`s quality of life are guarantees that you will not get bored there when the retirement time comes. The city is home to the US Air Force Academy, so it frequently draws retirees to air shows and Sunday football games.
Even if you are rather accustomed to living in a bigger city, Colorado Springs has a lot to offer and you can choose what kind of retirement suits you.
The city also has a few active adult communities (55+) that you may want to consider sooner or later.
If you want to have a good retirement plan, it is best to be prepared financially; this way, you will be best equipped for achieving the retirement dreams you want to pursue. It means to start saving as early as possible and choose a financial plan that is the most convenient for you.
Retirement contribution plans may include traditional pensions, 401(k) plans, IRA plans, cash-balance plans, guaranteed income annuities and more.
In February, a federally insured credit union near me in Colorado Springs is offering two opportunities to attend a free 401(k) Rollover and IRA Consolidation webinar on February 17 & 24!