Have You Heard of This Best Place to Retire in 2020?

Have You Heard of This Best Place to Retire in 2020?
Photo by Jim David / Shutterstock.com

If you love the great outdoors — or even if you prefer the indoor wonders of the local mall — Catalina Foothills, Arizona, might be the perfect place to retire.

In fact, the destination recently earned the top ranking in Money’s Best Places to Retire list.

Catalina Foothills is located just outside of Tucson, near the Santa Catalina Mountains. It boasts nearly 300 days of sunshine annually, and more than half of its 53,000 residents are age 50 or older.

According to Money:

“Thanks to the diversity of the area’s landscape, with mountains, deserts and canyons, Catalina Foothills provides a great variety of outdoor experiences. The Sabino Canyon Recreation Area draws over a million visitors a year to experience the area’s natural beauty. But if that’s not your thing, you can stick closer to home and visit the Tucson Botanical Gardens.”

If shopping is more your thing, Catalina Foothills is home to both high-end retail (La Encantada) and discounted retail (Tucson Premium Outlets).

Money picked eight U.S. cities as the top retirement locations by considering data on their economic health, cost of living, health care, safety, diversity, quality of life, amenities and percentage of population above age 50.

The eight locations are:

  1. Catalina Foothills, Arizona
  2. Palm Desert City, California
  3. West Bloomfield, Michigan
  4. Northfield Township, Illinois
  5. Bonita Springs, Florida
  6. Minnetonka City, Minnesota
  7. Georgetown City, Texas
  8. Clarkstown, New York

If you’ve never heard of the city of Catalina Foothills, it might be because it’s technically not a city. The U.S. Census Bureau classifies it as a “Census designated place” — which is a type of unincorporated area — rather than a city or town.

More great places to retire

Money has been crafting lists of great places to live — and retire to — for many years. But it’s not the only place to look for such guidance.

Recently, WalletHub released its ranking of the best and worst U.S. cities in which to retire. The best city was one of the usual suspects — Orlando, Florida — but there were a few surprise choices on the list. Find out more in “The Top 10 Cities All-Around for Retirees in 2019.”

Of course, dreaming about retirement is one thing, while actually planning for it is something else — and far more important.

Most of us are woefully unprepared for our golden years. If you are in this boat, you’ll likely benefit from the advice Money Talks News founder Stacy Johnson dispenses in “2-Minute Money Manager: I’m 55 and Have No Retirement Savings — What Should I Do?

Earn more interest on your savings

Are you earning as much interest on your savings as you could be? Grow your savings faster with banks offering rates that are significantly higher than the national average. Find the best rates and start earning more interest on your savings by using the Money Talks News savings account and CD comparison tool.

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