Retirement: Where to Retire and Live Large on Little

Ever wonder if your state is a good place for retirement?   There are many lists that talk about the best places to retire but is there a list of the worst places? Where does your state rank for retirement?   The folks at Money-Rates.com pulled together both lists — the good and the bad. This financial website looked at such factors as crime rate, climate, longevity and economic conditions, including taxes, job opportunities and cost of living, to compile a ranking of the 10 worst states for retirement. Some of the bottom dwellers might come as a surprise.

Maine finished dead last in the rankings. The high cost of living and harsh climate dragged down the state’s appeal to retirees.
Michigan was the second worst, a result of joblessness and tax burdens weighing it down.
Massachusetts received a poor ranking because of cold weather and the cost of living.

Here are the 10 worst states for retirement, with No. 1 being the lowest-ranked, according to Money-Rates.com:

10. Wisconsinwhere to retire - how to live big in retirement
9. New York
8. Washington
7. Rhode Island
6. Maryland
5. Alaska
4. Connecticut
3. Massachusetts
2. Michigan
1. Maine

We also wanted to include the winners. The No. 1 state, Texas, outranked all other states with its outstanding scores for economic factors and climate. Kentucky and Oklahoma came in second and third, respectively, thanks to a below average crime rate and favorable economic factors.    Here are all 10 best states for retirement according to Money-Rates.com:

10. Kansas
9. Tennessee
8. South Dakota
7. Mississippi
6. Virginia
5. Louisiana
4. Iowa
3. Oklahoma
2. Kentucky
1. Texas

 

CLICK HERE TO READ THE ARTICLES —   GOOD PLACES to RETIRE  —  WORST PLACES to RETIRE

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