Retirees have a lot to consider when it comes to how they'll spend their golden years — and their
The average retiree has $141,500 saved for retirement, according to Vanguard, though the median 401(k) balance is just $35,000. But that money will dwindle quickly depending on where they settle down, especially when factoring in the
Real estate website Home Bay ranked 50 cities across the U.S. to find the best locales for retirees. The site looked at cost of living factors like property tax rates, home values and the cost of expenditures like utilities and meals, as well as the impact of healthcare factors like state-provided Medicare premiums and the
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Southern cities in Louisiana, Alabama and Kentucky made the top 10 — New Orleans, which took the top spot, is in a state that does not tax Social Security payments, and also has a high number of providers that accept Medicare.
On the other end, Minneapolis, Minnesota took the last spot of the list. The state has higher Medicare premiums and low hospital ratings, making it a pricier option for retirees needing quality healthcare.
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