2018’s Best & Worst States to Retire
From WalletHub, Jan 16, 2018
Retirement might be the end of your career, but it doesn’t have to be the end of financial security or life satisfaction. Timing is often a primary concern with retirement, as it generally coincides with the age at which we may receive Social Security or pension benefits. Not everyone can retire when they want to, though. Almost 30 percent of non-retired adults haven’t saved any money for retirement, though not necessarily through any fault of their own.
But in addition to when you want to retire, a good question to ask is where. That can be difficult to decide without doing lots of research. Even in the most affordable areas of the U.S., most retirees cannot rely on Social Security or pension checks alone to cover all of their living expenses. Social Security benefits increase with local inflation, but they replace only about 40 percent of the average worker’s earnings.
If retirement is still a big question mark for you because of finances, consider relocating to a state that lets you keep more money in your pocket without requiring a drastic lifestyle change. To help you find that permanent, affordable place to call home, WalletHub compared the 50 states across 41 key indicators of retirement-friendliness. Their analysis examines affordability, health-related factors and overall quality of life….
read … Full Report
Best States to Retire (1=Best)
Hawaii
- Overall Rank -- 42
- Total Score -- 50.31
- ‘Affordability’ Rank -- 49
- ‘Quality of Life’ Rank -- 36
- ‘Health Care’ Rank – 3
- Adjusted Cost of Living – 50
- Life Expectancy --1
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