"In this economy, people are looking where their retirement dollars are going to go further," says WalletHub Writer and Analyst, Chip Lupo. "A lot of people are on fixed incomes, and a lot of people have already dipped into retirement to get through the last four to five years just to get by.
Lupo says when it came to ranking the best places to retire, they looked at 182 cities across 14 dimensions, including activities, quality of life and healthcare. They then applied 45 metrics that dive deeper.
"That ranges from cost of living, retiree taxpayer friendliness, health infrastructure -- just a wide range of factors to get a more comprehensive approach to retirement," he said.
Topping the list of best places to retire was Orlando, Florida.
"There are a lot of California cities at the bottom of the list, and these are largely cities outside of the main metro areas," Lupo said.
Fresno's overall ranking is 177th.
When it comes to retirement-related issues, WalletHub analysts found 50% of people don't think it's realistic to expect to retire comfortably, and one in four Americans don't have a retirement plan.
It also found 53% of Americans think paying off debt is more important than making retirement contributions.
When it comes to those investments, Lupo says, don't let panic drive your decisions.
"They get out of their investments without being aware of any type of early withdrawal penalties, any type of income taxes that come on top of that," Lupo said. "It generally comes down to poor planning."
To see the full report from WalletHub, click here.
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