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Activision Blizzard employees considering retirement might find it surprising that San Bernardino is ranked as the least favorable city for retirees in the U.S., according to an extensive study by WalletHub . This research assessed over 180 cities based on multiple criteria related to life after work. Notably, California, despite its appealing facade, is home to half of the ten least desirable cities for retirees in the nation.
The personal finance company's analysis included 45 key indicators, focusing on living expenses, tax implications, healthcare quality, and the availability of recreational opportunities, essential for a fulfilling retirement. WalletHub analyst Chip Lupo notes that the best retirement cities help reduce taxes and living costs while providing access to excellent healthcare and a variety of activities that enrich one’s golden years.
In stark contrast to its scenic locales, San Bernardino scored the lowest for retiree-friendliness, placing 182nd overall. It earned a mere 35.71% of the possible points, highlighting significant deficiencies in recreational activities, healthcare quality, and overall life satisfaction. This rating reflects a broader issue across various Californian cities that fall short in providing secure retirement conditions compared to other U.S. cities.
Several other cities in California also appear at the bottom of the list, with Stockton and Rancho Cucamonga just above San Bernardino. While California ranks as the 17th best state for retirement, higher-ranking cities like San Francisco, San Diego, Glendale, and Los Angeles still do not crack the national top 30, demonstrating a mixed bag of results across the state.
Among the cities that excel in retirement suitability, Orlando, Florida, tops the list with a score of 61.49 out of 100, showing strong performance in affordability and leisure activities. Orlando offers substantial financial perks in services crucial for retirees, such as housekeeping and adult home healthcare, ranking high among the cities studied. Its appeal is enhanced by a rich array of music venues, fishing clubs, art galleries, and an abundance of gerontologists and home healthcare providers per capita.
According to WalletHub, the ten best cities for retirement also include Miami, Minneapolis, Tampa, Fort Lauderdale, Scottsdale, Cincinnati, St. Petersburg, Casper, and Atlanta. These destinations offer a mix of affordability, healthcare quality, diverse activities, and overall life quality that promotes a rewarding retirement.
WalletHub’s ranking methodology compared the 150 most populated cities in the U.S., along with at least two of the most populated cities from each state, spanning four key categories: affordability, activities, quality of life, and healthcare. This comprehensive approach, using a grid of 45 indicators rated out of 100, ensures a thorough understanding of how each city supports its elderly population, crucial in times when many retirees depend on fixed incomes and seek maximum value in their living conditions.
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The findings emphasize the importance for Activision Blizzard employees to do detailed research and thoughtful consideration when choosing a retirement destination. The stark contrast between the least favorable San Bernardino and top-ranked Orlando highlights the disparities within the U.S., influenced by local policies, economic conditions, and resources tailored to senior needs.
While California hosts several less desirable cities for retirement due to high living costs and taxes, it also provides tax exemptions on Social Security and public pensions, offering some financial relief. The California Franchise Tax Board explains that retirees in California enjoy freedom from state taxes on Social Security benefits and public pension incomes, which can notably ease the financial burden for Activision Blizzard retirees reliant on these fixed incomes.
For Activision Blizzard employees exploring retirement options, this guide underscores the significant variances in living conditions across the U.S. and offers insights into choosing the right city based on personal needs and preferences. As you plan for a secure and enjoyable retirement, remember, much like selecting a fine wine, the reputation of a location may not always reflect the daily realities of life there. This guide is designed to help you navigate through the complexities of retirement planning with essential considerations like tax benefits, healthcare quality, and cost of living at the forefront, ensuring a well-informed decision for a peaceful and fulfilling retirement.
What type of retirement savings plan does Activision Blizzard offer to its employees?
Activision Blizzard offers a 401(k) retirement savings plan to help employees save for their future.
Does Activision Blizzard match employee contributions to the 401(k) plan?
Yes, Activision Blizzard provides a matching contribution to the 401(k) plan, subject to certain limits.
What is the maximum contribution limit for the Activision Blizzard 401(k) plan?
The contribution limit for the Activision Blizzard 401(k) plan is aligned with the IRS limits, which may change annually.
Can employees of Activision Blizzard choose their investment options within the 401(k) plan?
Yes, employees at Activision Blizzard can select from a variety of investment options within the 401(k) plan.
When can employees of Activision Blizzard start contributing to the 401(k) plan?
Employees of Activision Blizzard can begin contributing to the 401(k) plan after completing their eligibility requirements.
Is there a vesting schedule for the matching contributions made by Activision Blizzard?
Yes, Activision Blizzard has a vesting schedule for matching contributions, which determines when employees fully own those funds.
How can Activision Blizzard employees access their 401(k) account information?
Employees can access their 401(k) account information through the designated online portal provided by Activision Blizzard's plan administrator.
What happens to my 401(k) plan if I leave Activision Blizzard?
If you leave Activision Blizzard, you have several options for your 401(k) plan, including rolling it over to another retirement account or leaving it with Activision Blizzard.
Can employees take loans against their 401(k) balance at Activision Blizzard?
Yes, Activision Blizzard allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.
Are there any penalties for withdrawing funds from the Activision Blizzard 401(k) plan before retirement age?
Yes, early withdrawals from the Activision Blizzard 401(k) plan may incur penalties and taxes unless specific conditions are met.