Many workers imagine themselves retiring and living along sandy beaches, or in quiet, wooded areas offering optimal peace and quiet. Others, meanwhile, dream of retiring in cities and enjoying the vibrancy that tends to come along with them. If you're still on the fence about where to retire, here are a few good reasons to consider settling down in a city.
It costs $8,700 a year, or $725 a month, to own a vehicle, according to AAA, and that's just an average. Given that seniors are often subject to higher insurance premiums, and that cars tend to require more maintenance as they age, if you're planning to retire someplace where you're reliant on your own car to get around, it could end up putting a strain on your limited retirement budget.
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Source: Fool.com