Ameriprise Financial published its 2010 City Pulse Index on Tuesday, which ranks major U.S. cities on retirement preparedness, and found Minneapolis residents were most likely to be prepared for and confident about retirement.
The Index ranked each city's retirement preparedness and confidence, taking into account the emotional aspect. Although Minneapolis ranked third for preparedness, it beat Raleigh, N.C., for the top spot with a confidence ranking of one. Minneapolis scored "significantly higher than the national average on all but one factor," according to Ameriprise; residents fell below the national average in planning for how they'll spend their retirement years.
In Raleigh, residents are prepared financially, but they're also planning for how they'll actually spend their retirement; 79% said they have set aside money for retirement, and 80% are planning activities they'd like to pursue. Education is not likely to be one of them though; just 12% said they plan to "continue their learning and education during retirement."
