College towns lure retirees

Where do we want to live when we retire? Many of us choose to just stay put, but an increasing number — especially those of the boomer generation — are choosing to go elsewhere.

For many of us, a place on the golf course in a warm climate isn’t enough. We need more. A growing number of seniors are choosing — are you ready for this? — to live in college towns. It appears that seniors and college towns are a good match. Here’s why:

“Intellectual stimulation — many colleges offer free classes to seniors.

“Use of college libraries and facilities like the gym and recreation for a small fee, and possibly even the bookstore and dining hall at reduced rates.

“Activities and intellectual stimulation with art shows, concerts, plays, lectures and book discussions.

“Part-time jobs, possibly at the college teaching a class or tutoring.

“High-speed Internet, in case you want to work from home.

“Interesting restaurants.

“Students who need part-time jobs if you need help around the house, or who will rent a room in exchange for that help.

“College towns are often cheaper, especially if you’ve lived in an expensive metro area. You might find that your retirement dollars go a long way.

Consider, too, your own alma mater: A number of college and universities are enticing seniors back by joining with developers to create seniors communities.

If you think a college town might be the answer for you, do your homework first. Check out www.bestplaces.net to compare the cost of real estate and how your retirement dollars translate. Compare state and local taxes at www.retirementliving.com.

One suggestion: Consider renting first for at least a year, to make sure you’re comfortable.