10 cities where your retirement dollars will go the furthest

As employees look to the next phase of their lives, these top cities are appealing choices to stretch those 401(k) dollars.

U.S. News and World Report released their 2021-2022 rankings of 150 cities best for retirees. The rankings were based on factors like cost of living, housing affordability, access to healthcare and overall happiness.

Retiree-enclave Florida had many of the top cities on the list, with Tampa, Naples and Daytona Beach all in the top 10. Pennsylvania also nabbed a few of the top spots, based on the accessibility of high-quality healthcare facilities, the report data found.

Read more: How to recalibrate your retirement planning during COVID 

Maximizing retirement savings is a top priority for many expectant retirees, who faced challenges maintaining their 401(k) balances during COVID-19. One-third of employees plan to delay their retirement due to financial strain, according to a survey by Edward Jones. Of those who planned to delay, 66% said they were most concerned with healthcare costs. However, the pandemic was a financial wake-up call for 33% of employees, who said they began contributing more toward their retirement funds than pre-COVID, the survey found.

Read more: Steps employers can take to help employees maximize their retirement 

Experts recommend retirement income should be around 80% of pre-retirement salary. These are the best locations for making your money work for you. Find the full list at U.S. News and World Report.