You've worked hard all your life. You've always taken care of your responsibilities. You've shared your gifts and talents with the world.
Now you're ready to reap the benefits of a job well done. You're ready to relax.
Let's take a look at why Summit County, Colorado is perfect for your early retirement.
1. The Climate
Summit County is a popular retirement destination due to its many climate benefits. Here are a few reasons why you can't beat the weather here!
Sunshine and Vitamin D
Summit County boasts a whopping 245 days of energizing sunshine every year. If there's one thing you don't have to worry about during early retirement in this area of Colorado, it's Vitamin D deficiency.
Vitamin D has been linked to a decreased risk of osteoporosis and consequent falls and injuries. Although you may be too young and fit right now to be concerned about these issues, it's never too early to bulk up your Vitamin D levels.
Vitamin D deficiency is also associated with Seasonal Affective Disorder, also known as Seasonal Depression. Those who receive ample amounts of sunshine are much less likely to experience these symptoms.
Snow and Breathtaking Scenery
Summit County receives an average of around 110 inches of snow each year. If you love to sit on your back porch and soak in the view, this part of Colorado offers snow-capped mountains and crystal clear iced lakes for your viewing pleasure.
Rain, Altitude and Clean Air
Summit County, and most of Colorado, is known to be drier in nature. This area has approximately 65 days and 17 inches of rainfall each year. The higher altitude has been credited with the cleaner air quality.
Altitude and Cardiovascular Health
Summit County is one of the highest areas in Colorado and in the U.S. It sits at an altitude of around 8,000 to 9,000 feet above sea level.
Although higher altitudes mean less oxygen in the air, the benefits also include:
- Enhanced cardiovascular health
- Lessened appetite
- Lowered obesity rates, related to the metabolic demands of low-oxygen exertion
2. The Location
Summit County's central location offers many benefits for early retirement. A few of the most noteworthy bonuses include plenty of ways to entertain friends and family, the fact that it's just a little over an hour's drive to Denver, and exquisite mountain views.
Entertaining Family and Friends
Conveniently located just west of Denver, Summit County is the prime location for entertaining any grandkids or friends coming to visit. There are some exciting activities and events in your very own locale, as well as in neighboring big cities.
In this fast-paced technology world we live in, our grandkids want things to do to fill their time. What better way to offer them this than having your early retirement in a place that offers access to:
- Mountain biking
- Rock climbing
- ATV touring of the area
- Fishing and hunting
- Dog sledding
- Unique shopping
- Amazing concerts
- Local music
- Local breweries
A Denver's Drive
With Denver only about a 90 minute's drive away, Summit County gives you plenty of things to do whenever you want to get out for a bit of fresh air or arts and culture. Some highlights in Denver include:
- Denver Art Museum
- Red Rocks Park and Red Rocks Amphitheater
- Denver Botanics Garden
- Denver Museum of Nature and Science
- Denver Zoo
The Mountain Views
Imagine walking onto your back porch first thing in the morning to the majesty of snow-capped mountains beneath the bright orange-yellow sunrise, with birds chirping sweetly in the background. As far as you can see, Colorado's golden Aspen trees are sprinkled all around.
Summit County offers the most incredible views, along with peaceful wildlife activity. And the best part? You can choose how high or how low you want to go.
Just a short trip to Denver, you also have access to the Mountain Evans Scenic Byway. You never know what you might come across traveling through this scenic route.
3. Living within Your Means
The pressures of funding your early retirement can feel a bit overwhelming. Living on a fixed income is a whole new experience.
Like most people, you want your dollar to give the best return it can. This is yet another reason why Summit County is a great place for early retirement.
Retirement Income Exemptions
Colorado provides excellent retirement income exemptions for seniors and early retirees, including:
- A $20,000 exemption for pension and social security benefits for those between 55 and 64
- A $24,000 exemption for pension and social security benefits for those over 65
In addition, the same exemptions apply for military retirees. Wealthier retirees are not required to pay estate or inheritance taxes.
Sales Tax in Summit County
Taxes in the state of Colorado are lower than the national average. This means your social security check will take you further.
4. Better Mental and Physical Health
A recent national Gallup poll concluded that happiness and a sense of wellbeing are higher in the state of Colorado. This is likely due to the availability of outdoor activities and healthier lifestyles.
5. Culture and the Arts
From local museums to art galleries and theatrical performances, Summit County will not disappoint in the area of culture.
6. The Food
Whether you enjoy native or foreign cuisine, Summit County and its surrounding areas have so much variety to choose from. From barbecue joints to gourmet dining, you can have the perfect pick to fit your mood.
7. Local Breweries
The state of Colorado is known for its fabulous local breweries, and Summit County is no exception. According to Yelp Reviews, the top 10 breweries and liquor establishments in Summit County are:
- Outer Range Brewing
- Dillon Dam Brewery
- Broken Compass Brewing
- The Baker's Brewery
- Breckenridge Brewery
- Back Country Brewery and Restaurant
- Vail Brewing Company
- Pug Ryan's Brewery
- Lake Dillon Liquors
- Loveland Pass Liquors
Planning for Early Retirement
If you're considering early retirement, and you're looking into your options, don't overlook the pleasures that the state of Colorado has to offer you.
If you'd like to learn more about what Summit County has in store for your early retirement, check us out today!
By Coldwell Banker