A lot of us are doing everything we were told to do in order to be able to have some retirement savings put aside, but the reality is that a lot of us don’t actually have these things. Some may have a 401(k) plan, but it’s not a reality for a lot of Americans, and when surveys show that around 40% of adults have less than $300 in their savings account, it really puts things into perspective. What do you do when you end up not having anything put aside when you retire?
Most likely, you will end up having to rely on Social Security benefits, which for a lot of the people who find themselves with almost nothing, it doesn’t sound like they will be able to live comfortably. Here’s where they would be wrong!
You can definitely live more comfortably even if you don’t have a ton of savings, but, as always, it matters where you live. This is why we have looked at some of the most popular cities for retirees to pick the ones that would best suit the people who don’t have millions in the bank!
These cities have some of the biggest populations of 65 and older adults, so you know you will not feel out of place, and they also have some of the best average house prices if you do choose to move there. Moreover, the annual healthcare costs wouldn’t be that increased, they’re definitely considered safe places, and the overall taxes you will have to pay aren’t that high!
Did we get your attention? Continue reading to find out which of these amazing cities will offer you the most savings, and discover which state has the most retirees!
I’d MUCH prefer any of the numerous tropical expat destinations! The would not only be less expensive (possibly significantly less), but nicer weather than any of these places.
Pennnsylvania can eat you up with school taxes. Being a commonwealth, the whole state is broken up into townships. So much waste and duplication of services it more than makes up for not taxing social security or retirement income. The school tax is the killer. The state has more tax collectors than the entire country combined.
I retired in Brazil. Free health care which includes unlimited doctor´s visits, hospitalizations, transplants, free hearing aids and cataracts surgery, affordable medicine and many is free.
save places to live with high security, great climate and extremely nice people. You can live well on your Social Security income.
Nowhere is it mentioned about culture, health care, cost of food or gas. Based on your study, I’d rather live in my 40ft Class A motor home.
Move away from Pennsylvania..They tax you for everything and their taxes are outrageous….