The Best City to Retire in 2024 Wins on Affordability
A city just earned the 'best place to retire' title, and the secret sauce is simple: you can actually afford to live there.
Retirement planning is stressful enough without worrying that your fixed income won't cover the rent. So when a city earns the title of 'best place to retire,' and the main reason is that everyday life there is genuinely affordable, that's worth paying attention to.
According to MarketWatch, the winning city stood out thanks to a combination of low cost of living, a high quality of life, and tax policies that are friendly to retirees. That trifecta is rarer than you'd think — plenty of places offer one or two of those perks, but hitting all three is what separated this city from the competition.
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For retirees living on Social Security, pensions, or investment withdrawals, taxes on retirement income can quietly eat away at your budget. A location that doesn't heavily tax those income streams can make a meaningful difference in how far your savings stretch each month. Pair that with lower housing costs and everyday expenses, and suddenly your nest egg goes a lot further.
Quality of life matters too, of course — nobody wants to spend their golden years somewhere cheap but miserable. The fact that this city scores well on livability while also keeping costs down makes it the rare find that retirement planners are always chasing but rarely land.
If you're doing the math on where to spend your retirement years, affordability might deserve a much bigger weight in your decision than it currently gets. Continue reading at MarketWatch.com
