Most people are focused on when they will retire. A better question may be where.
With more and more retirees
responsible for their own financial security, almost half of Americans said
they were "very concerned" or "terrified" that the rising
cost of living will affect their retirement plans, according to a survey by insurance provider Allianz
Life.
To stretch your savings, choosing
the right destination once you've stopped working can make or break those
lazy-day fantasies.
"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, a personal finance site.
To that end, WalletHub compared the retirement-friendliness
of all 50 states and the District of Columbia using criteria such as cost of
living, crime rate, tax-friendliness on pensions and Social Security income,
number of health care facilities, access to public transportation as well as
the number of golf courses and museums – this is retirement after all.
Some of the top spots were no
surprise – hello, Florida. Others, like South Dakota and Iowa, were less
expected.
Here are the states that ranked the
best for those golden years, according to WalletHub.
Overall
Rank
|
State
|
Total
Score
|
Affordability
Rank
|
Quality
of Life Rank
|
Health
Care Rank
|
1
|
Florida
|
69.22
|
1
|
11
|
24
|
2
|
Wyoming
|
67.81
|
4
|
25
|
19
|
3
|
South Dakota
|
67.06
|
15
|
33
|
2
|
4
|
Iowa
|
66.26
|
26
|
6
|
5
|
5
|
Colorado
|
64.85
|
27
|
17
|
7
|
6
|
Idaho
|
64.12
|
14
|
31
|
16
|
7
|
South Carolina
|
64
|
7
|
37
|
33
|
8
|
Nevada
|
63.64
|
6
|
9
|
42
|
9
|
Delaware
|
63.59
|
10
|
40
|
25
|
10
|
Wisconsin
|
63.34
|
33
|
5
|
4
|
11
|
Pennsylvania
|
63.23
|
20
|
4
|
32
|
12
|
Montana
|
63.08
|
23
|
24
|
13
|
13
|
Arizona
|
63.04
|
21
|
16
|
21
|
14
|
Missouri
|
61.73
|
22
|
18
|
28
|
15
|
Michigan
|
61.69
|
28
|
12
|
26
|
16
|
Washington
|
61.31
|
31
|
20
|
17
|
17
|
Utah
|
61.25
|
25
|
35
|
18
|
18
|
Texas
|
61.11
|
3
|
36
|
44
|
19
|
Virginia
|
61.08
|
19
|
23
|
31
|
20
|
Georgia
|
60.55
|
11
|
32
|
41
|
21
|
Minnesota
|
60.49
|
45
|
2
|
1
|
22
|
Maine
|
60.41
|
37
|
7
|
14
|
23
|
North Carolina
|
60.27
|
18
|
26
|
37
|
24
|
New Hampshire
|
60.24
|
35
|
19
|
11
|
25
|
Ohio
|
59.59
|
24
|
22
|
36
|
26
|
Oregon
|
59.47
|
30
|
30
|
22
|
27
|
Kansas
|
58.83
|
34
|
14
|
23
|
28
|
Oklahoma
|
58.47
|
12
|
39
|
43
|
29
|
Tennessee
|
58.26
|
5
|
38
|
47
|
30
|
Nebraska
|
57.78
|
40
|
28
|
8
|
31
|
Illinois
|
57.15
|
32
|
15
|
38
|
32
|
California
|
56.9
|
42
|
8
|
20
|
33
|
Louisiana
|
56.74
|
9
|
43
|
46
|
34
|
Indiana
|
56.67
|
29
|
29
|
40
|
35
|
Massachusetts
|
56.58
|
47
|
3
|
10
|
36
|
Alabama
|
56.46
|
2
|
47
|
50
|
37
|
Maryland
|
55.73
|
39
|
21
|
27
|
38
|
North Dakota
|
55.09
|
43
|
42
|
6
|
39
|
West Virginia
|
54.48
|
13
|
44
|
48
|
40
|
Mississippi
|
54.48
|
8
|
49
|
51
|
41
|
New York
|
53.54
|
46
|
1
|
30
|
42
|
Arkansas
|
53.45
|
17
|
48
|
45
|
43
|
Kentucky
|
53.27
|
16
|
45
|
49
|
44
|
Vermont
|
52.79
|
48
|
10
|
12
|
45
|
New Mexico
|
52.61
|
36
|
41
|
39
|
46
|
New Jersey
|
52.55
|
41
|
27
|
35
|
47
|
Hawaii
|
51.85
|
50
|
34
|
3
|
48
|
Connecticut
|
51.34
|
49
|
13
|
15
|
49
|
District of Columbia
|
50.96
|
44
|
51
|
9
|
50
|
Alaska
|
50.82
|
38
|
50
|
34
|
51
|
Rhode Island
|
43.84
|
51
|
46
|
29
|
Best And Worst States To Retire To As First Seen On http://www.cnbc.com
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