Retirees are flocking to these 'hot' spots

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Retirees are flocking to these 'hot' spots
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Here's the No. 1 destination for retirees looking to relocate

Year after year, promises of better weather and a smaller tax bite encourage retirees to relocate.

Lured by better weather, lower taxes or an improved quality of life, some seniors would still prefer to relocate. Over the last decade, Florida has been the most attractive destination by far for older Americans on a fixed income, as measured by average annual net migration for the 55-plus set, according to a separate analysis of Census Bureau data by William Frey, a demographer at the Brookings Institution.

Arizona closed in on No. 1, with 31,201 retirees coming to the state, up from 28,614 in the 2018 rankings. "We've seen that gap getting smaller," said AJ Smith, SmartAsset's vice president of financial education.

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