Members TampaYankee Posted November 3, 2014 Members Posted November 3, 2014 10 Worst States in America for Retirement Living Eric McWhennie November 1, 2014 How do you plan on enjoying retirement? If you’re like most Americans, just reaching the financial milestone is a lifelong endeavor. Obstacles such as stagnant wages, rising living expenses, and inadequate savings force many people to make difficult decisions about their so-called golden years. Location can play a key role in your retirement planning, as some states are simply better suited to offer desirable benefits to retirees. In order to analyze which states might be most and least appealing, MoneyRates looked at 11 different data series across five major categories to rank each state. The five major categories are listed below. Senior population: By looking at both the current proportion of seniors and the growth rate of that population segment, the report accounts not just for how many of their peers seniors can expect to find in different states, but also how well each state is attracting older residents. Economics: Takes into account taxes, cost of living, and unemployment, to measure whether a state is affordable and has a thriving economy. Crime: This category takes into account both violent and property crime. Weather: A combination of temperature, precipitation, and hours of sunshine to measure how each state’s climate will appeal to retirees. Senior life expectancy: How long a state’s residents typically live after age 65. This reflects on both the healthiness of the state’s environment and the level of medical care available. Personal preference is critical when determining your retirement spot, but let’s take a look at the 10 worst states in America for retirees, according to MoneyRates. Read more: http://wallstcheatsheet.com/personal-finance/10-worst-states-in-america-for-retirement-living.html/?a=viewall#ixzz3HyZH6Pts Quote
