Forbes: Best Places to Retire in 2019

Forbes released their Best Places to Retire In 2019 list and you may be surprised by some of the cities on the list. They compiled the list by comparing data on nearly 700 places across all 50 states. They looked at places that had a high quality of retirement living and were affordable. They considered things like doctor availability, serious crime, air quality, bike-ability, as well as the community’s ranking on the Milken Institute list of best cities for successful aging. Forbes’ list has 25 cities it considers the best for retirees. All of them are considered to be #1. Some of the 25 include: Athens, Georgia; Boise, Idaho; Brevard, North Carolina; Delray Beach, Florida; Fargo, North Dakota; Green Valley, Arizona; Lawrence, Kansas; Rochester, Minnesota; Savannah, Georgia; and Winchester, Virgina.

Americans Are Confident in Their Current Financial Health, but not in Their Retirement

While most Americans are confident in their current financial health, they aren’t sure about their retirement future, finds a Fidelity Investments study.

62 percent of respondents in the Fidelity survey said they feel confident in their current financial health, but 75 percent of respondents feel only somewhat confident or not confident at all about their retirement finances. The survey also found 82 percent of the general population don’t have a plan in place.

Traditional Workers are More Likely Than Gig Economy Workers to Save for Retirement, Study Finds

Traditional workers are more likely to save for retirement than independent workers, finds a T. Rowe price study.

The study found 72 percent of traditional workers and 56 percent of gig economy workers are actively saving for retirement. Independent workers primarily use IRAs, while traditional workers prefer employer-sponsored retirement plans. According to the report, gig economy workers are just as likely as traditional workers to say they feel they will be financially ready for retirement. Both traditional and independent workers say they plan to work part-time in retirement, while independent workers are significantly more likely to see themselves working indefinitely.

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