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Robert Brokamp

๐Ÿ‘ค Speaker
1796 total appearances
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Appearances Over Time

Podcast Appearances

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

Crime and safety, 12%.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

Weather and climate, 12%.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

State and local taxes, 11%.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

And non-housing affordability, 6%.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

So that biggest weighted factor was quality of life being more than twice as important as any other factor.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

But what did the study find were important components of quality of life?

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

Well, based on the survey results, we considered features such as restaurant options, walkability, access to outdoor recreation, proximity to airports, and availability of arts and entertainment.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

So that's what's behind the study.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

Matt, what's your take on what the report found as being important about a location when it comes to retirement happiness?

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

When you lump all the financial factors together, which were housing affordability, non-housing affordability, and taxes,

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

They add up to 30%.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

So put together, they're close to the same weighting as quality of life.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

And, you know, for some people that might be more important, especially if they retired, but they don't have, you know, a huge margin of error in terms of their net worth and their income.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

Or if they're just want financial peace of mind in retirement, like that affordability issue is going to be one of the more bigger aspects for them.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

And I'll say, as someone who takes a walk every day, I love that walkability was number two on the quality of life factor.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

So that's great.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

Okay, so based on the survey results, we determined the factors that indicated locations would be a good place to retire.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

We then used various sources of info to see which counties had those factors.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

But first they had to meet certain criteria.

Motley Fool Money
The Best Places to Retire, and Play It Safer Before Retirement

So for example, we excluded counties with less than 40,000 people and those that rated poorly on factors such as affordability.