Why Colombia's Peace Treaty With FARC Is Big News For Investors

When I began paying attention to Colombia, in 2008, the country was maligned, misunderstood, and mistrusted for two reasons -- Pablo Escobar and the terrorist group known as FARC.
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Well Deserved Peace At Last In This Country Of Promise

When I began paying attention to Colombia, in 2008, the country was maligned, misunderstood, and mistrusted for two reasons -- Pablo Escobar and the terrorist group known as FARC.

Even back then, Pablo was long dead (he'd been shot by Colombian police while fleeing across the rooftop of his aunt's home in Medellín in 1993 in the climax of a now legendary gunfight immortalized in typically voluminous form by Medellín artist Fernando Botero).

However, Las Fuerzas Armadas Revolucionarias de Colombia, the Revolutionary Armed Guard of Colombia, carried on their terrorizing ... as they have been doing now for more than half a century.

During my first visit to Colombia, I met with an attorney in Medellín, Juan Darío Gutierrez. Juan Darío has since become a trusted advisor, business partner, and great friend.

During my first conversation with him years ago, Juan Darío made a prediction:

"The FARC have horrified and terrified my country for decades," Juan Dario told me, "but they are becoming obsolete. Our country has made a priority commitment to education. We are teaching our children, training them and preparing them for good jobs ... as the economy is growing and more jobs are being created.

"This is our plan," Juan Darío continued, "for making the FARC irrelevant.

"Historically, the group has been able to grow in number and in power by appealing to the uneducated and the unemployed ... especially unemployed youth who saw little future and were easy targets for FARC's false promises.

"We've found over decades that fighting FARC is a losing proposition. Fighting them means going to them, finding them, rooting them out in the jungle.

"Better to deprive them of their life's blood ... which is new recruits.

"Already, their numbers have been reduced by tens of thousands."

For the past 15 years, Colombia's economy has expanded steadily, averaging better than 4% growth per year, year on year.

A growing economy means more jobs. A better educated population means more people to fill those jobs. Colombia's unemployment rate today is a record-low 8.3 percent.

More people with jobs, especially more young people with jobs, means fewer folks up for hiding out in the jungle thinking up ways to torment and terrorize the general population.

As Colombia has worked for years to marginalize the FARC, its President Santos has engineered another, more direct approach to ridding his country of the terrorist cancer. Since taking office in 2010, Santos has been working to reach a peace accord with FARC rebels. For his efforts, he was the sole recipient of the Nobel Peace Prize this year.

After long months at the negotiating table with FARC leaders in Havana, Cuba, Santos thought he'd achieved an agreement earlier this year. Then, in a vote that surprised the world, on Oct. 2, Colombian voters rejected Santos' proposal in a national referendum.

Displaying his typical open-minded optimism, Juan Darío wrote to me following that vote to say:

"This is the type of news that can't be catalogued as good or bad easily. For all of us who were rooting for the 'Yes' vote, the news isn't that bright.

"For the other half of the country, the news is brilliant.

"It is too soon to be forecasting what will happen now, but at least two signs of hope have emerged. First, FARC has stated directly that they are not considering raising arms again.

"Second, the 'No' coalition accepted an invitation from President Santos to sit down and discuss their concerns with an eye toward reopening the peace talks ..."

Now, this week, we have the news that Colombia's Congress has approved a revised peace deal with FARC in a vote that should be the final word. By pushing the new deal through Congress, Santos has bypassed the need for another referendum.

"When the first deal was trashed," Juan Darío wrote me the morning after his country's Congress voted to approve the new agreement, "we all expected a new proposal to be negotiated and eventually approved.

"I don't think anybody was counting on the renegotiation happening so quickly, though. However, it appears that this could be the real thing ..."

For decades, Colombia was written off by foreign investors and the world's tourists ... for good reasons.

Now both of those reasons -- both Pablo and his cocaine-trafficking goons and the terror-spreading FARC -- seem officially history.

I enjoy rooting for the underdog. I guess that's one reason I've developed the attachment I have to this country these past eight years I've been getting to know her. She and her people have been down ... but never out.

Now they're showing the world what they're made of. As one of Colombia's most enthusiastic supporters, I couldn't be more delighted.

A country at a turning point is an interesting place to spend both time and money.

Heads up: Colombia is at a big-deal turning point.

Kathleen Peddicord

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Earlier on Huff/Post50:

15 Foodie Towns For Retirees
Ft. Lauderdale, FL(01 of15)
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One of our HuffPost/50 editors dashed down to Lauderdale during a winter weekend and was pleasantly surprised by the oasis of restaurants on Los Olas Boulevard, far from the maddening spring break crowds. According to Fort Lauderdale Food Tours, the city's diversity is a big part of its appeal, offering "dishes that blend Caribbean, Cuban and Mediterranean traditions that spawned our famous Floribbean cuisine." Ingredients that are freshly grown -- and caught -- don't hurt either. (credit:Alamy)
Bozeman, MT(02 of15)
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This sweeping Montana town made Topretirement.com's list of best active communities in the state. For the foodie who can afford the higher than average housing prices -- around $272,000 in 2011 -- the wide open pastures are perfect for farm fresh foods found at organic farm Field Day. Get your CSA* shares ready!
And carnivores never fear -- Bozeman Online lists more than 200 restaurants, with, not surprisingly, plenty of steak houses.
* That's community supported agriculture.
(credit:<a href="http://www.flickr.com/" target="_blank" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="47" data-vars-position-in-unit="60">Flickr:</a><a href="http://www.flickr.com/people/jnewland/" target="_blank" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" jnewland" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/jnewland/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="48" data-vars-position-in-unit="61"> jnewland</a>)
Omaha, NE(03 of15)
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Omaha may be in the heartland, but that doesn't mean its tastes are strictly meat and potatoes. "Omaha has such a rich ethnic history," Taste of Omaha event producer Mike Mancuso told the Omaha World Herald recently. Ethnic restaurants mix their traditional flavors with American presentation, creating a new type of comfort food, Mancuso said. And since the cost of living is 12 percent less than the national average according to AreaVibes, you'll be able to afford seconds. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="42" data-vars-position-in-unit="55">Flickr:</a><a href="http://www.flickr.com/people/shannonpatrick17/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" shannonpatrick17" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/shannonpatrick17/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="43" data-vars-position-in-unit="56"> shannonpatrick17</a>)
Madison, WI(04 of15)
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We've already shown that college towns are great spots for retirees. You can take classes at the University of Wisconsin-Madison's Continuing Studies department and discuss your course work over a tasty "pasture to plate" dish at bistro A Pig In A Fur Coat. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="39" data-vars-position-in-unit="52">Flickr:</a><a href="http://www.flickr.com/people/rahimageworks/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" ra_hurd" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/rahimageworks/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="40" data-vars-position-in-unit="53"> ra_hurd</a>)
Kansas City, MO(05 of15)
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For the retiree who loves blues, arts and lip-smacking barbecue, Kansas City, here you come! The growing city is undergoing a sort of food renaissance with underground supper clubs (Test Kitchen), farm-to-table restaurants (try West Side Local) and saucy barbecue (from Oklahoma Joe's) leading the way. Lower housing values (a whopping $124,400, according to the National Realtors Association) and property taxes makes this city affordable as well, a must for the discerning retiree, says CPA Tom Corley. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="35" data-vars-position-in-unit="48">Flickr:</a><a href="http://www.flickr.com/people/84263554@N00/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" kla4067" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/84263554@N00/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="36" data-vars-position-in-unit="49"> kla4067</a>)
Austin, TX(06 of15)
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Another college town makes our list, and with good reason. "It's basically impossible not to find good food [in Austin], from cheap tacos to high-end sushi," said Carey Polis, the associate food editor of The Huffington Post. "Chef Paul Qui of Uchiko just won the 2012 James Beard award for Best Chef: Southwest." Retirees can appreciate the Texas heat and mild winters -- the highest average temperature in Austin is in August at 85.4 degrees, according to AreaVibes. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="32" data-vars-position-in-unit="45">Flickr:</a><a href="http://www.flickr.com/people/davidberkowitz/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" David Berkowitz" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/davidberkowitz/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="33" data-vars-position-in-unit="46"> David Berkowitz</a>)
Providence, RI(07 of15)
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East coast living pretty much guarantees great seafood a stone's throw away, and Providence is no exception. Travel + Leisure recommends Chez Pascal or Nick's for "'boat-to-table' seafood that comes direct from local fishermen." Or you can take your groceries finds back home -- the median asking price for a home in Providence is 20.6 percent less than the national average, according to AreaVibes. (credit:<a href="http://www.flickr.com/" target="_blank" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="29" data-vars-position-in-unit="42">Flickr:</a><a href="http://www.flickr.com/people/88979981@N00/" target="_blank" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" janeyhenning" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/88979981@N00/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="30" data-vars-position-in-unit="43"> janeyhenning</a>)
Portland, OR(08 of15)
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"Oregon has become a top state for retirement communities by virtue of its natural beauty, dynamic people and geography," writes Topretirement.com. "Oregon offers better value for your retirement dollar than California."
That's great news for foodies who retire to Portland. The town's healthy, green and DIY culture has been soundly mocked in a sketch comedy called "Portlandia," but as Travel + Leisure points out, its "farm-to-table dining, well-crafted microbrews, and 200-odd food trucks," are no laughing matter. The travel magazine recommends Korean-Hawaiian fusion restaurant Namu and the food truck "pods" at Pioneer Courthouse Square.
(credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="25" data-vars-position-in-unit="38">Flickr:</a><a href="http://www.flickr.com/people/ronguillen/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" R0Ng" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/ronguillen/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="26" data-vars-position-in-unit="39"> R0Ng</a>)
Savannah, GA(09 of15)
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The pace of life, much like its denizens drawl, is much slower in Savannah. So take time to enjoy the local fare in this Georgia town. A best restaurant regular is the Green Truck Pub, and Chef Bobby Flay of Food Network fame has made stops at 700 Drayton and Muther's Old Timey Bar-B-Que.
You can take advantage of the mild climes (an average high of 81.6 degrees, and an average low of 52.1) on your porch -- median home asking prices are 20 percent lower than the national average, according to AreaVibes.
(credit:Alamy)
Charleston, SC(10 of15)
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Lovely historic neighborhoods, sweet bed and breakfasts and great food. It's hard not to imagine settling down in Charleston -- especially once you learn the town is part of a food revival rolling through the South. Fodor's recommends two restaurants: McGrady's and Husk. Both are helmed by the same James Beard Award-winning chef Sean Brock. For a fee of just $25, people over 60 can take classes at the College of Charleston, Forbes reports. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="18" data-vars-position-in-unit="31">Flickr:</a><a href="http://www.flickr.com/people/44534236@N00/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" faungg" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/44534236@N00/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="19" data-vars-position-in-unit="32"> faungg</a>)
San Antonio, TX(11 of15)
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We definitely "remember the Alamo," but who can forget this hub of great Tex-Mex food? It made Travel + Leisure's Best Cities For Food, coming in at number 10. "If you want to get off the tourist grid, head to Southtown, south of downtown, to try the gastropub The Monterey or The Friendly Spot, an ice house with tamales, tostadas, and a dizzying long list of microbrews," Travel + Leisure recommends. Add the low home asking price ($118,475 or 38.5 percent lower than the national average, according to AreaVibes), and you can see why San Antonio is truly unforgettable for retiree foodies. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="14" data-vars-position-in-unit="27">Flickr:</a><a href="http://www.flickr.com/people/chicagogeek/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" ChicagoGeek" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/chicagogeek/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="15" data-vars-position-in-unit="28"> ChicagoGeek</a>)
Denver, CO(12 of15)
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The Mile High City is making a name for itself as a booze town: craft beer enthusiasts can enjoy the gastropub experience at Euclid Hall. Or you can drink at home and amble over to one of the city's many food trucks. You can work off any beer gut by golfing or hitting up some of the nearby skiing towns. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="10" data-vars-position-in-unit="23">Flickr:</a><a href="http://www.flickr.com/people/nokero/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" Nokero" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/nokero/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="11" data-vars-position-in-unit="24"> Nokero</a>)
Salt Lake City, UT(13 of15)
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Forbes has named SLC as one of the best retirement cities for its climate, but foodies will appreciate the fact that it has also shaken off its chain store and anti-booze leanings, with independent restaurants taking their place. Food & Wine has noticed: Forage's chef tag team Bowman Brown and Viet Pham recently won its Best New Chefs honor. Despite its high crime rate, there's a lot of good tipping the scales in Salt Lake's favor: low cost of living and taxes, average home price of $183,000 and a good economy, Forbes reports. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr:" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="8" data-vars-position-in-unit="21">Flickr:</a><a href="http://www.flickr.com/people/30709234@N02/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name=" SheldonPhotography" data-vars-item-type="text" data-vars-unit-name="5bb64d01e4b0527153076a6f" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/people/30709234@N02/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="9" data-vars-position-in-unit="22"> SheldonPhotography</a>)
Nashville, TN(14 of15)
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A breadth of farmers markets makes Nashville a hub for locavore eating, a.k.a a foodie's dream. Yelp considers Joe Natural's, which serves organic ingredients from the Schertz Middle Tennessee farm, to be one of the best. Tom Corley, a financial adviser and CPA from New Jersey, says the city is also a retiree's dream thanks to the town's great weather, which doesn't get colder than 41.1 degrees or hotter than 80.9, according to AreaVibes.

(credit:Flickr: Reading Tom)
Indianapolis, IN(15 of15)
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This city hits a lot of retiree sweet spots, notes New Jersey CPA Tom Corley. Affordable housing -- the mean cost of a home is $148,800 according to the National Realtor Association -- and the overall cost of living is 12 percent lower than the rest of the country makes it a retiree haven, according to AreaVibes. That means you can afford the Kobe beef at Sensu, the unusual selection of cheeses at The Ball and Biscuit and the seasoned lamb and zucchini pancakes at the Istanbul Cafe -- all recommended by blogger IndyFoodie.

(credit:Flickr: gregthemayor)

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