More retirees opting to stay closer to home

Traditionally when Americans retired, they would make big cross-country moves or head south to the sun. But times have changed and while some seniors still seek the sunshine, more are opting to stay put or make a short-distance move.

Only 1.6 percent of retirees between the age of 55 and 65 moved across state lines in 2010, according to an analysis of Census Bureau data.
Florida once was the retiree haven, attracting more than one in four retirees who did move. From 2005 to 2010, that number dropped to one in seven.

More retirees are opting to stay near where they once worked, moving out of the pricey real estate metro areas to places an hour or two outside of the city, where real estate prices and taxes tend to be cheaper.