Wyoming Hopes to Capitalize on Retirement Boom

Some folks in Wyoming are saying that Wyoming may soon be known as the "retirement state." By 2020, Wyoming is expected to have the highest percentage of residents age 65 and older in the nation, according to the American Association of Retired Persons.

As members of the baby boomer generation - now 39 to 57 - begin to retire, they are looking for more than the golf and tennis that their parents may have wanted. According an AARP survey, the boomer generation wants lifelong learning, culture and entertainment, access to outdoor recreation and work.

Taxes are another factor considered by some when retiring. Along with no personal or corporate income tax, Wyoming has been named the most wealth-friendly state in the nation for six straight years by Bloomberg Wealth Management magazine.

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