Retirement is not cheap, however, and a meaningful share of retirees are not financially prepared. According to some estimates, a typical American should have at least $835,000 in savings when going into retirement.
...for older Americans on a budget who want to live in a coastal community - without sacrificing a varied climate with four seasons - there are places that remain relatively affordable.
Despite the allure of beachfront properties, moving to a coastal area can be cost-prohibitive; however, 24/7 Wall St. identified towns with affordable housing options.
20% of adults age 50 and up have no retirement savings, according to AARP, raising concerns about financial preparedness as retirees seek out coastal living.
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