2025 Retirement Study Names NJ Town Best in America

Are you ready to retire? Are you planning for your retirement? Experts say it's never too early to plan for retirement, and the more planning, the better the retirement.

What is Retirement?

In 2025, retirement is no longer seen as simply the end of a career; it’s increasingly viewed as a flexible, personalized chapter of life. Many people are choosing to "semi-retire," working part-time, freelancing, or volunteering rather than fully stepping away from the workforce.

When Should People Start Thinking About Retirement?

Now is the time to start thinking about your retirement, even if you are 20. Now is the time to take a few minutes and think about the future for you, financially. I say this because the further away from retirement you plan, the better you will be when you retire. So if you are under 30, just Google "planning for retirement".

Get our free mobile app

What is Different About Retiring in 2025?

Advances in technology, longer lifespans, and shifting financial landscapes mean that retirement often includes continued learning, travel, and passion projects.

Does Retirement Mean You Have To Slow Down?

It’s less about slowing down and more about redefining purpose on your terms, balancing financial security with the freedom to live meaningfully and stay connected.

The Best Spots to Retire

I have written about retirement in the past. Each time new data comes out about retirement planning, I like to update you and share the information that hopefully makes planning for retirement a bit easier. A recent report from GoBankingRates.com was published by Travel + Leisure.

Best Spot To Retire In New Jersey

This report on retirement is for those who have saved a very nice nest egg for their golden years. "GoBankingRates.com revealed its list of the best spots to retire for those with $2 million in their retirement accounts — and Fort Lee, New Jersey, came in at the top."

Canva

Top Retirement Destinations In America

The list of the top places to retire (2 million savings) in America included:

5. Dunedin, Florida

4. Highland Park, Illinois

3. Sunny Isles Beach, Florida

2. Rocky River, Ohio

1. Fort Lee, New Jersey

Shawn Michaels

Not everyone will have this type of retirement fund, but if you do, then this study is for you. The town of Fort Lee was a top pick. Fort Lee "scored an 88 out of 100 on the liveability index."

Some key findings from the report:

Fort Lee has a $7,505 monthly cost of living.
1 out of 4 people living in the city are 65 and up.
The yearly cost of living with Social Security benefits is $67,642.

Canva

LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]

Gallery Credit: Bethany Adams