When it comes time to retire, you want to live in a place where you’ll enjoy a great quality of life and where your money will stretch the furthest.
Timing is often the primary concern when it comes to planning for the future, but deciding where you want to live is also a big factor in the equation.
Location can make a huge difference in your overall cost of living — so moving to a more retirement-friendly state can help you maintain the same lifestyle without worrying about depleting your savings too soon.
To help you figure out the best place for your retirement days, personal finance site WalletHub analyzed all 50 states and D.C. using key indicators of ‘retirement friendliness,’ including things like cost of living, crime rate, tax-friendliness on pensions and Social Security income, number of health care facilities, access to public transportation, and the number of golf courses and museums.
Best and worst states to retire in the U.S.
Top 10 best states by overall rank
Top 10 worst states
‘When it comes to overall affordability, taxes and inexpensive healthcare are things that could really help stretch that fixed income even further,’ said Jill Gonzalez, an analyst with WalletHub.
See the full report from WalletHub.
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