Money: Raleigh among ‘best small cities to retire’


Money magazine revealed this week its 2014 list of “America’s Best Places to Retire” on CBS This Morning – and Raleigh is on the list. Donna Rosato, the magazine’s senior editor, said Raleigh has long been a very popular destination for retirees. “There’s been a 97 percent increase in the population of people 55-64,” she said. “Mild weather, four seasons, and an interesting phenomenon – many people in the Northeast move to Florida, and then they move to do a second retirement in North Carolina, they’re called the half-backs.” Rosato said that a few of the big things that draw people to this city are a strong local economy and the fact that N.C. State University has a lifelong learning program that is very popular with retirees. Money looked across the country to compile its list and highlighted affordable smaller cities. It paid close attention to things like culture, taxes, activities and healthcare. The list highlights places with populations of 150,000-500,000 people. Also among the list are Boise, Idaho, Lexington, Ky., Pittsburgh, Pa., and St. Petersburg, Fla.