What to Consider When You're Choosing Where to Retire

Rebecca Jarvis highlights all the important factors to consider when you're selecting a venue to settle down in your golden years.
2:04 | 04/04/16

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Transcript for What to Consider When You're Choosing Where to Retire
Turning now to "Good morning America" real money and tax day is right around the corner. For many people, an even bigger deadline is looming. Retirement. ABC's Rebecca Jarvis has more. Reporter: This couple of Arlington, Texas, soon to be empty nesters, hope to sell their home and move to greener pastures. Our daughter is starting college in the fall. We always thought about going some place close to the mountains. Reporter: Deciding on when and where to move is a challenge. It's important people focus on their own priorities. Reporter: Experts say you need to consider many factors when choosing to spend your golden years. Most important -- cost of living. Since your income will decrease you want a city that's affordable. Look for place where the economy is growing and the unemployment rate is low in case you want to pick up a part-time job on the side. Access to quality health care facilities and places that offer reck reexal activities. According to Forbes annual list of best places to retire. Abilene, Texas, cost of living is 17% below the national average, average home prices are $142,000. Cape Coral, Florida, with its warm weather, good air quality and good cost of living. And great falls, Montana, if its strong economy and easy access to doctors. Do your research and what's most important to you. Reporter: For "Good morning America," Rebecca Jarvis, ABC news, New York. Our sponsor voya is offering another way to prepare for retirement. Enter their Orange house sweepstakes for a chance to win $300,000. Coming up, joey Fatone is

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