When it comes to 'retirement-readiness,' the Twin Cities is the ideal place to be, according to
Forbes. It cites a study by
Ameriprise Financial that indicates that 83 percent of area residents have started saving for their golden years. Raleigh and Baltimore also top the list that ranks 30 of the country's largest metropolises.
By contrast, more than 40 percent of those living in Los Angeles haven't gone there yet. Likewise, Indianapolis and Orlando are unprepared, it shows.
Craig Brimhall, vice president of retirement wealth strategies at Ameriprise, is quoted, saying that "local economic conditions have had such a substantial impact on people that their levels of preparation and confidence appear a bit out of sync."