Enjoying more free time with family, traveling to every bucket list destination and never needing to set the alarm, it’s hard to beat the luxuries of retirement. Most start planning for this important time in life for many years, thinking of things like how to save and where to relocate. Baby Boomers are no exception. In fact, they are slowly redefining the social, economic and household behaviors entirely for how those aged 55 to 75 should impact society and look forward to the future. Preparing ahead yields some of the best successes, but for most Americans this age, you have another ten years to consider your options. Here’s why:
Recent studies have shown that people 55-plus are choosing not to move to “retirement” destination states and towns, but rather to areas near a big city and growing economy. Why you might ask? This trend is due to the Gen X cohort working later in life and moving to an area with guaranteed job opportunities. Not only are they moving to ensure a sustainable job, they’re moving to a community with later retirement in mind and so should you. Living the retirement dream includes more than living in the perfect dream house. Not to worry, developers have noticed this trend and as a result have begun to create new Active Adult communities to accommodate these new trends.
These communities in proximity to large urban areas are the new iPhone X’s of the housing market. Jacksonville, FL is a great example of where the economy is constantly on the rise. Remarkably, annual job growth rose at 4.3 percent this past year, making it one of the top job growth markets in the U.S. People are flocking from everywhere to take advantage of these opportunities, which has also resulted in a 5.1 percent population increase over the last three years according to Forbes. People love Jacksonville for many reasons, but retirees especially love Jacksonville for its tax-friendliness. In the past, studies taken by SmartAsset found that it’s the third-lowest taxed city in the country, great for urban living with lower costs. Living in and around Jacksonville has many perks and for those reaching 55 and longing to stay in the mainstream of society, and it may be the perfect place for you.
Overall, 41% of non-retirees in the 2018 Gallop poll plan to retire at age 66 or older. As this number increases it is important to explore your options when seeking a new home. RiverTown’s new WaterSong 55-plus community offers a lifestyle built for those working later in life and those enjoying retirement too. With affordable homes and state-of-the-art amenities, you can work close to home doing what you love and enjoy life with ease. “We set out to develop a neighborhood that would perfectly fit the new era of Active Adult Living” says Cliff Nelson, President of Mattamy Homes Jacksonville Division.
With these advantages and so many more, it’s hard to pass up the opportunity to spend some of the best years of your life in a dynamic community like RiverTown. Stay active by running on the natural trails, or kayaking down the St. Johns River. Socialize with the community at the outdoor amphitheater or the amenity center. It’s one of St. John’s newest communities, and the perfect place to spend retirement.
Our Welcome Center, which is open daily, features New Home Counselors who are there to assist you in walking through the designer-decorated models and discuss home buying with you. RiverTown’s wide variety of single-family homes priced from the low $200s to over $1 million. Five additional models will be unveiled this fall for NorthLake, RiverTown’s newest neighborhood. Visit RiverTownFL.com or call (904) 337-4856 to start your path to The First Coast’s New Hometown™.
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