Most boomers are staying put, largely in the suburbs they settled in decades ago

The propensity to move,, starts to drop precipitously as people leave their early 30s. Roughly 1 in 3 people in their 20s move in a given year; by the time they enter their 40s, that figure slides to about 1 in 10.  As people age into their 50s and beyond, the percentage drops to roughly 5%, or 1 in 20.  

Sandi Rosenbloom, a noted expert on retirement trends and a professor of planning and civil engineering at the University of Arizon said, "the boomers are staying put more than anyone thought,” Rosenbloom says. “People of that generation tend to own their own homes and stay there. The idea that they are moving to the city really comes from the wishful thinking school of planning.

The recession has exacerbated this stay-at-home trend. The number of people moving is at its lowest level since the early 1960s. When boomers do decide to move, Rosenbloom notes, they do so largely for prosaic reasons, such as being closer to children or, more important, grandchildren.

Everyone probably has a favorite tropical destination.  More and more people are heading out to warmer climates to retiree.  This will be a big trend for millions of baby boomers.  The Wall Street Journal explains some details of "retiring abroad."

Social Security won't be much of a problem. The Social Security Administration will electronically deposit a monthly Social Security check in many banks around the world, though not all. Still, many expat retirees, to avoid challenges with local banking, have their Social Security checks electronically deposited into their U.S. bank, which they can then access online.

Health care is a bigger concern. Few U.S. employers offer health-care coverage to expat retirees, and U.S. carriers typically don't provide individual coverage to Americans living abroad. Moreover, the federal Medicare program generally doesn't cover costs outside the U.S. As such, many retirees either pay out of pocket or, once eligible for Medicare at age 65, return to the U.S. from time to time for care.

Take a look at some of their favorite cities for retirement.

• Bozeman, Montana
• Concord, New Hampshire
• Fayetteville, Arkansas
• Hillsboro, Oregon
• Lawrence, Kansas
• Peachtree City, Georgia
• Prescott, Arizona
• San Francisco, California
• Smyrna, Tennessee
• Venice, Florida

Middleton, Lake Mary, Suwanee, Holly Springs, these places sound like great places to live!  Check out Money Magazines Best Places To Live.

Courtesy CNNMoney.com

The AARP Location Scout factors in some of your climate, recreation, job and education preferences and suggest cities for you to consider.   Answer a few questions and figure out where to reinvent your life!

Many of us have been out shoveling snow this week.  I just glanced at a weather map and it looks cold across most of the nation.  So, looks like snowbirds will be hitting the road.   Here's one retiree destination with some warm winter days-Quartzite, Arizona.