Retirees have to watch their money carefully, given that their income is fixed. Unexpected changes, such as cost of living increases or tax rate hikes, can put a big strain on their budget. However, it can be a big help if you live in one of the best places to stretch your retirement money.
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In a new study, SmartAsset analyzed data for the 100 places with the highest proportion of seniors to uncover where retirement income goes the furthest.
To do so, we first examined local mean retirement incomes in the 100 places with the highest proportion of seniors, and then applied cost of living and tax rates to uncover the best places to stretch retirement money.
To determine where retirement incomes stretch the furthest, SmartAsset examined local mean retirement incomes, and applied the cost of living and effective tax rates in the 100 places with the high proportion of seniors. Our findings show…
2023-08-31 16:35:15 , "Casas Adobes Arizona" – Vivrr Local ,