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The Top 10 Best U.S. Cities for a Relaxing Retirement
The best places to retire in the U.S. are scattered across the country, varying in climate and geography.
To figure out the best cities to retire, SmartAsset studied tax burdens for retirees, ease of access to medical facilities, recreational activities and more. We also measured the amount of the population made of senior citizens. The result was a list of the top 10 best places to retire in the U.S.
Looking for somewhere to retire? A financial advisor can help you determine if any of these cities fit into your budget and make sense for your retirement strategy.
The Best Cities to Retire in the U.S.
1. Naples, Florida
With more than half the population made up of senior citizens, Naples, Florida tops our list. What’s more, it has the lowest tax burden among our list, dipping at 14.6%. So you can stretch your savings a bit more here if you’ve been investing in an IRA or any tax-deferred savings vehicle.
In addition, the Nonprofit Collier Senior Resources Organization can assist you with several healthcare and educational resources. Naples is also perfect for outdoors and water sports lovers. Barefoot Beach is ideal for fishing. You can also go deep-sea fishing or shipwreck exploring by chartering a private boat. You can also stay fit by taking a senior tone class at the Naples Family Fitness center. Or you can hit the links at the community’s 80 golf courses.
The Runners Up
2. Cumming, Georgia
3. Beverly Hills, California
4. Gig Harbor, Washington
5. Media, Pennsylvania
6. Farmington, Michigan
7. New Port Richey, Florida
8. Westlake Village, California
9. Grosse Pointe, Michigan
10. Orange Park, Florida
The Best Way to Plan Your Retirement
Whether it’s deciding where to retire or solidifying a savings plan that gives you the freedom to enjoy your retirement however you choose, working with a financial advisor is the first step. These professionals can help you calculate if moving to one of these cities is a sound financial decision, as well as how to effectively plan for it.
While the value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns, research suggests average additional investment returns can range from 1.5% to 4% each year.
Voya Financial found that 79% of people who use an advisor said they “know how to pursue achieving their retirement goals.” The study also found that 59% of those who use an advisor have calculated how much they need to retire, while 52% established a formal retirement investment plan.
Chances are, there are several highly-qualified financial advisors in your town. However, it can seem daunting to choose one.
This new tool makes it easy to find the right financial advisor for you. Now you can get matched with up to three local fiduciary investment advisors that have passed a rigorous screening process.
Follow These Steps to Get Matched With the Right Advisor for You
1. Simply enter your ZIP code below.
2. After you enter your ZIP code and answer questions about your financial goals, you can compare up to three top advisors local to you and decide which to work with.
3. Enjoy a better financial future!
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SmartAsset - copyright 2018
SmartAsset - copyright 2018