By Arlenys Tabare
Planning for retirement is not just about having an estimate of How much do you intend to save for retirement?but also contemplate where you want to live your golden years and enjoy social benefits, and this is one of the decisions that must be carefully evaluated, since not all cities have the necessary requirements to generate comfort, tranquility and economic stability.
Recently, In a report published by WalletHub, some 182 cities were evaluated where characteristics such as quality of life, medical care, recreational activities for older adults and affordability were considered.
From this evaluation, WalletHub ranked 10 cities as the best to live in during retirement, which are:
- Orlando, Florida
- Scottsdale, Arizona
- Minneapolis, Minnesota
- Miami, Florida
- Tampa, Florida
- Atlanta, Georgia
- Citadel Lauderdale, Florida
- Cincinnati, Ohio
- Madison, Wisconsin
- Casper, Wyoming
The reason why these cities stood out on the list is because they have the highest scores; For example, Miami, which is one of the most popular and is ranked fourth in the evaluation, has a rating of 94 points for quality of life and 76 points for affordability.
For Chip Lupo, WalletHub analyst, “it is important to choose the place to retire wisely, since many retirees have fixed incomes. Therefore, the best cities for retirees are those that minimize taxes and expenses, in addition to offering good opportunities for them to continue working and earn additional income, if they wish,” he commented.
At the moment, A retiree in the United States receives between $2,000 and $5,000 monthly from Social Security, depending on the age at which they retire, Therefore, considering a city where the cost of living is not so high is the best option, especially if you do not have enough savings and depend solely on the SSA benefit.
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