A recent poll by Fidelity Investments shows a decline in Americans' confidence in retirement planning, with 67% feeling secure in their financial goals, down 7% from last year. Factors contributing to this decline include inflation and rising living costs. Rita Assaf from Fidelity emphasized the need for early and solid financial planning. The article also highlights the desirability of beachfront retirement destinations, urging potential retirees to plan ahead due to high property values in these areas. Data from the U.S. Census Bureau rank island communities by retirement income levels, illustrating trends in retirement living preferences.
The shift toward relying on retirement savings heightens the importance of grounding yourself in a financial plan as early as you can.
Many retirees want to live out their golden years in a beachfront destination; however, they need to start planning early as these properties can be expensive.
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