Colorado can be a retiree's dream, from its climate to its mountain views. For outdoorsy types, it offers some of the most magnificent natural settings in the country, including mountains, desert, canyons, mesas, and rivers. If you're dreaming of retirement in Colorado, take these facts into consideration.
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- Beauty and High Cost of Living Not Always Paired
- You don't have to live in a costly resort area to enjoy the beauty of Colorado. Areas like Grand Junction enjoy spectacular vistas along with a lower-than-average cost of living.
- Health Benefits
- The arid climate can do wonders for certain health issues, according to Healthline. If you suffer from chronic obstructive pulmonary disease and live in a high-humidity region, your doctor may recommend a warm, dry climate like parts of Colorado. It beats staying indoors to manage your symptoms! Take a trip to the Colorado desert to see how the climate affects your symptoms.
- Altitude Adjustment Necessary - Mountainous regions, such as Denver and Colorado Springs are high altitude. This means that it is necessary to use the alternative directions when you bake a cake. You may have to acclimate to the thinner air, but, according to The Chicago Tribune, mountain living may help you live longer: seven of the top 10 counties for longevity are in high-altitude Colorado.
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- One Tax You Don't Have to Worry About - There is no inheritance or estate tax in Colorado. Inheritance tax in some states can take up to a 20 percent bite out of your family's inheritance, according to the Tax Foundation. In Colorado, whoever receives your inheritance will not owe taxes, whether they are immediate family or non-relatives. The state estate tax, which taxes the estate itself and often doesn't apply to estates worth less than several million dollars, is also a non-issue in Colorado.
- Moving Up the List -
Colorado is one of the Top 10 fastest-growing retirement spots, according to U.S. News & World Report. Specifically, Colorado Springs, with its affordability and mountain vistas, was ranked No. 7 in 2011. However, even if you opt for Denver, Grand Junction, or Greeley, you won't be alone, as more and more retirees heard for Colorado to live out their golden years.
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