A survey of American workers earlier this year showed that two in three were at least somewhat confident they would have enough money to retire comfortably, but only 17% said they were very confident they would be able to do so. Related: 20 worst cities for retirement For some workers, their only option is to continue working. Indeed, Gallup polling shows that workers this year plan to retire at age 66 on average, compared with age 60 in 1995. Are there any alternatives to remaining in the workforce? One is to relocate to an area where the dollar will go farther without sacrificing lifestyle, according to WalletHub. Related: What will retirement planning look like in 2020? In order to identify the best (and worst) places for Americans to spend their retirement years in comfort, WalletHub compared the retirement friendliness of 182 U.S. cities — including the 150 most populated ones — across four key dimensions: affordability, activities, quality of life and health care. It evaluated those dimensions using 46 relevant metrics, grading each on a 100-point scale, with a score of 100 representing the most favorable conditions for retirement. A city's overall score was a weighted average across all metrics. These cities were no. 1 in each dimension: |
- Affordability — Laredo, Texas
- Activities — Washington, D.C.
- Quality of life — Henderson, Nevada
- Health care — South Burlington, Vermont
Have a look at the gallery above of the top 20 cities ranked by their overall score. READ MORE at BenefitsPRO: |
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.