What makes a place the ideal spot for retirement -- and what makes other places a potential disaster for retirees?
There are several personal choices that make some places more attractive than others -- where your children and grandchildren live is probably at the top. But there are some more objective and measurable factors that determine whether a state is a good or a bad place for retirees. The following are the factors that MoneyRates.com used to determine the ten best and worst states for retirement:
- Economic factors. Using a combination of cost of living in major metropolitan areas, unemployment and tax burden, MoneyRates.com rated the 50 states from best to worst according to economic conditions.
For frequently updated data, such as unemployment, the most recently available monthly figures were used, whereas for other criteria that reflect longer-term trends, such as climate, more historical information was used.
Based on the criteria stated above, the following are the ten worst states for retirement, with No. 1 being the worst. Since just about every state has at least something going for it, we highlight both the good and the bad, so you can decide which factors would matter most to you and join the conversation on our blog.
The original article can be found at MoneyRates.com: "10 worst states for retirement."
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