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Best and worst towns to retire in

GOBankingRates Logo By Joel Anderson of GOBankingRates | Slide 1 of 24: Your retirement savings are more than just a nest egg: They’re a representation of a lifetime of hard work. You spent decades building up money so that you could really enjoy your retirement, and you’re not looking to bleed that money away for basic necessities any faster than you have to.But based on a new GOBankingRates study, you can put your savings in serious jeopardy — or stretch them further than you planned — depending on where you decide to call home in retirement. The study looked at the cost of buying a home, paying for healthcare, covering your property taxes and other basic costs of living to determine which cities are ultimately the friendliest to your savings. The study found that there are major differences from city to city.Click through to see how you can boost your retirement savings now — and where you should or shouldn’t live once you retire rich.

Where you live can affect your retirement savings

Your retirement savings are more than just a nest egg: They’re a representation of a lifetime of hard work. You spent decades building up money so that you could really enjoy your retirement, and you’re not looking to bleed that money away for basic necessities any faster than you have to.

But based on a new GOBankingRates study, you can put your savings in serious jeopardy — or stretch them further than you planned — depending on where you decide to call home in retirement. The study looked at the cost of buying a home, paying for healthcare, covering your property taxes and other basic costs of living to determine which cities are ultimately the friendliest to your savings. The study found that there are major differences from city to city.

Click through to see how you can boost your retirement savings now — and where you should or shouldn’t live once you retire rich.

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