We want a moderate climate and live an hour from the mountains and less than three hours from the beach, where should we retire?

My wife and I are 57 years old and looking to retire in five years. Here’s what we’re looking for in one place: We likely have a retirement income close to $ 220,000 a year (after buying a home), but my wife and I are very frugal and prefer to spend most of our wealth eventually to our children than to spend it all.

We love the Carolinas, but we would consider other places as well. Steve Steve, Near the mountains and the beach sounds lovely. And while you say you’re looking for moderate housing costs, that $ 700,000 budget is well above the median home price in the US Many retirees and future retirees are looking for low state taxes. Remember that your sources of income will look different in retirement, so your tax situation can be quite different too. It starts with Social Security checks; 37 states don’t tax them at all, including California. Also consider that one way or another, you will pay for the services. You may also find yourself paying for things that are included in your property taxes or state income taxes where you live now. Laws may change in the next five years and your expected retirement date, but you can get an idea of ​​your state income tax bill with this retirement tax calculator from SmartAsset. The results may surprise you. All of this is not to say you should ignore taxes, but you may want to focus on the lifestyle you want first and find the right community, and you can still have a large amount of your annual income remaining. You can also consider ways to start passing your wealth on to your children now, if you wish. Read: Choosing a place to retire involves more than low taxes. Avoid these 5 costly mistakes. As for where to move? Maine and the rest of New England are out due to their desire for a moderate climate. That combination of mountain and beach excludes several states that do not have state income taxes. The mountains near Reno, Nevada, for example, are too far from the Pacific Ocean. East Tennessee is too far from the Atlantic Ocean. In Texas, another tax-free state, Austin could work if you consider the Hill Country “mountains” and agree with Texas summers. If you’re willing to trade the combination of mountain and beach for mountains and lakes on your doorstep, the Bentonville, Ark area. (Suggested here) is a wetter possibility. But even within the Carolinas, it would have to accept mountains over an hour away for the Raleigh-Durham area to function. Whatever you decide, take some time to sample the community, familiarizing yourself with daily life and the weather during the less pleasant season. Read: Having a dress rehearsal before moving in after retirement can be a real eye-opener. One option I suggested earlier is Charlottesville., Va .; it would be close to the Blue Ridge Mountains and a three hour drive from Virginia Beach. Here are three other possibilities, starting with the Carolinas: Clemson, South Carolina

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This college town of 17,000 residents faces Lake Hartwell, a reservoir on the border between South Carolina and Georgia that at 56,000 acres is one of the largest recreational lakes in the Southeast. It has a WalkScore of 60. (WalkScore, owned by Redfin, calculates how accessible a neighborhood or community is). It also comes with Clemson University, so some serious college football and some 26,000 students. I like college towns because they come with more amenities than their size suggests. In Clemson’s case, any South Carolina resident 60 and older can audit classes there for free. When you want a bigger city, Greenville, SC (suggested here) is 30 miles away. You’ll find mountains in an hour (start with Table Rock State Park and Mountain Bridge Wilderness Area), but the drive to beaches outside of Charleston will be closer to four hours. Is it fair compensation for a lake on your doorstep? Winter highs are in the 50s and there are minimal snowfalls. Average highs in July hit 90. To get an idea of ​​what you’ll get for your money, check out what’s on the market now using listings on Realtor.com, which like MarketWatch is owned by News Corp. Greensboro, Carolina from North

Downtown Greensboro Getty Images / iStockphoto

Finding that one hour line to the mountains and three hours to the beach was difficult. The Piedmont triad (Greensboro, Winston-Salem, and High Point) might work for you, but you’ll need to be on the east side, Greensboro, if you hope to get to the beach (Wrightsville Beach outside Wilmington, NC) in 3 hours. . You can be at Pilot Mountain State Park in an hour. Does that count as being in the mountains? Boone, North Carolina, and the Blue Ridge Parkway are closer to two hours away. In Greensboro, home to nearly 300,000 people, see traveling Broadway shows at the Steven Tanger Center for the Performing Arts and immerse yourself in the month-long East Music Festival. The Woolworth store that was the site of civil rights sit-ins is now home to the International Civil Rights Center and Museum. You could live a short distance from the vibrant downtown area in an area like the historic Fisher Park neighborhood and its grand houses. Its nearby water outlets are Lake Brandt and Lake Townsend at the north end of the city. The Livability website says Greensboro has “the advantages of living in a small city and living in a big city rolled into one.” Average winter highs will be near 50 degrees. In July, the average high is 89. Greensboro medical facilities include a level 2 trauma center. Winston-Salem, a half hour west, has the Wake Forest Baptist Medical Center campus, which includes a trauma center. level 1 and a first-rate cancer hospital. Winston-Salem is also home to Wake Forest University (and more cultural performances are at the UNC School of the Arts); You can read more about that city of 250,000 inhabitants here. If your sports loyalty is in Chapel Hill or Durham, Greensboro is an hour west. Here’s what’s on the market today in Greensboro: Temecula, California

Outside of Temecula. Getty Images / iStockphoto

This is my wild card pick because it is California. I know. You (and many readers) will say that the taxes are too high. But hear me out on other factors. It is an hour to Palomar Mountain. It is also only an hour from the beach. You are in the wine country of Southern California; the tourist office describes the climate as “a unique microclimate featuring morning mist, warm midday sun, refreshing ocean breezes and cool starry nights.” Beyond some 50 wineries in the area (plus a dozen breweries and two distilleries), this fast-growing city of 115,000 has three new hospitals. Nearby is Skinner Lake, a popular recreation area at the foot of Bachelor Mountain. It is one hour for San Diego and Palm Springs and two hours for Los Angeles. Winter highs average in the upper 60s; While it reaches 99 degrees in July and August, some of that is offset by low humidity. Did I mention that Social Security income is exempt from state taxes? Here’s the type of home your money will buy. If California intrigues you, but not Temecula, consider Placerville in the foothills of the Sierra, which is suggested here. More from the MarketWatch column “Where should I retire?” to go? I want to live outdoors year-round, dry summers and no snow, on $ 4,000 a month. Where should I retire? ‘Working and a few vacations each year is all we have done for the last 34 years’ – This couple has $ 2.6 million and they have no idea where to retire We want to retire in a warm climate city with many cultural offerings, should we go? ? We want to retire to a place with a temperate climate near the ocean and a world-class cancer hospital, where should we go?