Retiring Where Does Your Money Last Longest

Dated: 04/11/2018

Views: 99


U.S. cities where $1 million lasts longest in retirement 


  1. McAllen, Texas – 42.3 years

  2. Harlingen, Texas – 39.5 years

  3. Richmond, Ind. – 39.3 years

  4. Kalamazoo, Mich. – 38.1 years

  5. Cleveland, Ohio – 37.4 years

  6. Martinsville, Va. – 37.1 years

  7. Knoxville, Tenn. – 36.7 years

  8. Ashland, Ohio – 36.6 years

  9. Jonesboro, Ark. – 36.6 years

  10. Norman, Okla. – 36.5 years

U.S. cities where $1 million is spent fastest in retirement

  1. New York, N.Y. – 12.5 years

  2. Honolulu, Hawaii – 14.8 years

  3. San Francisco, Calif. – 15.9 years

  4. Seattle, Wash. – 18.7 years

  5. Boston, Mass. – 18.7 years

  6. Orange, Calif. – 18.8 years

  7. Hilo, Hawaii – 18.9 years

  8. Stamford, Conn. – 19.3 years

  9. Washington, Va. – 19.4 years

  10. Kodiak, Alaska – 19.7 years


Palm Coast is followed by Tampa (32 years), Orlando, (31.6 years), Jacksonville (31.1 years), Daytona Beach (30.7 years), Vero Beach (29.9 years), Cape Coral (29.8 years), Gainesville (29.4 years), and Sarasota (27.3 years). Miami and Fort Lauderdale round out the list.


Not many of his clients would choose to retire in a place like The Villages, a preplanned retirement development in the middle of the state, he said.

Meanwhile, an increasing number of Broward County residents are looking elsewhere to retire, both to make their dollars last longer and because they desire a slower pace, said Matt Saneholtz, senior financial adviser and co-owner of Tobias Financial Advisors in Plantation. Saneholtz said he works with local clients interested in moving to North Carolina, Georgia, Tennessee and northern Florida.

VIVIENNE CUNNINGHAM,REALTOR

321-231-8487

      


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    Source: SmartAsset

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