Austin Ranked 9th Best Place to Retire

August 2017
Source: 
WalletHub

After toiling in the workplace for decades, it seems only natural to expect financial security in our golden years. But few of us can look forward to a cushy retirement. According to the Employee Benefit Research Institute’s 2017 Retirement Confidence Survey, six in 10 workers reported feeling at least somewhat confident that they’ll have adequate finances to retire comfortably, but only 18 percent reported a high level of confidence. Nearly four in 10, in fact, have little or no retirement savings whatsoever. Many are even worried about covering basic living expenses once they leave the workforce.

If such a large proportion of American workers cannot grow a nest egg for their future, what other options provide a pathway to a comfortable retirement? For some, the only solution is to keep working. The EBRI survey found that four in 10 workers today expect to retire at age 70, as opposed to the median expected retirement age of 65. The alternative? Relocate to an area where you can stretch your dollar without sacrificing your lifestyle.

To help Americans plan an affordable retirement while maintaining the best quality of life, WalletHub’s analysts compared the retiree-friendliness of the 150 largest U.S. cities across 40 key metrics. Our data set ranges from cost of living to retired taxpayer-friendliness to availability of recreational activities. Read on for our findings, expert retirement advice and a full description of our methodology.

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