Here Are 2017's Best and Worst Cities to Retire
We work hard during our careers to enjoy a comfortable retirement, and for many of us, that means settling down someplace where our nest eggs can go the furthest. But for some folks, finding an affordable place to retire is a matter of basic survival. More than 40% of households aged 56 to 64 have no retirement savings to show for, or so states the Economic Policy Institute. And even among older workers who are saving, confidence about retiring comfortably is declining. With that in mind, WalletHub recently did a review of the top cities to retire in this year, as well as the least desirable cities for retirees. Here's what they came up with.
Though money isn't everything when it comes to retirement, it's a big factor to consider. Even if your tastes are modest, and you're naturally not such a big spender, you're bound to encounter certain expenses outside your control. Take healthcare, for example, which, according to recent projections, could cost the average healthy 65-year-old couple today over $400,000 in retirement. It therefore stands to reason that finding a city with a relatively low cost of living can be crucial to your overall happiness as a senior.
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Source: Fool.com
