Arvin Ash

Best Places to Retire | Worst States to Retire (2019x20)

Udgivelsesdato: Apr 15, 2019

The Best places to retire in the u.s. and the best places to retire. I have done the research for you by consolidating information from a variety of places. The worst states to retire: 1) New Jersey 2) Maryland 3) New York 4) West Virginia 5) Connecticut New Jersey has the worst combination of not only being among the top 6 most expensive states – for example, it has the highest property taxes in the U.S. at 2.4% vs. an average of 1.2% for the rest of the country, but they also have one of the highest costs of health care, and below average quality of life. Retirees in Maryland have the 2nd highest household income, but high taxes and cost of living will exhaust that pretty quickly. It’s 17% higher than average to live in this state. They don’t tax social security, but IRAs are taxable. And they tax estates and inheritance, so it’s miserable for your heirs. New York is one of the most expensive states to live in, with one of the highest poverty rates among retirees at over 11%. The state has high property tax and sales tax as well. And if that’s to bad enough, Healthcare is also expensive. West Virginia has better than average affordability, but its health care is one of the two worst in the nation, and Quality of life is in the bottom 10. And the state is not tax friendly either. Connecticut is the least tax friendly state in the country. Real estate taxes are the 2nd highest, retirement income is fully taxed with no exemptions, and all this is on top of one of the highest cost of living states - being 24% higher than average. The Five Best States to retire: 1) South Dakota 2) New Hampshire 3) Florida 4) Idaho 5) Utah South Dakota is most famously known as the state that has Mount Rushmore. It is also highly affordable with no state income tax, and very low cost of living, and low health care costs. There is zero taxes on retiree income, and there is no inheritance tax. There are plenty of outdoor activity options like