Whether it’s close or far away, the thought of retirement can be joyful or a little scary, depending on your situation. Will Jaybeau ever retire? Will I have enough money? When will I retire? What is the BEST state to retire in?
Wallet Hub is out with their list of the BEST states to retire in. Where does Massachusetts come in? While Florida always comes to mind first, there are many states that are retirement friendly, according to this Wallet Hub study:
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 determine the best states to retire, WalletHub compared the 50 states across 47 key indicators of retirement-friendliness. Our analysis examines affordability, health-related factors and overall quality of life.
While there are BEAUTIFUL places in our state to retire, we must acknowledge that winters around here can be tough. Add to that Florida has NO state income tax. So if you plan on tapping your 401K during retirement, BOOM, no tax! Don’t count on me for tax questions, call your accountant!
So, let’s get our coffee and calculator and find the BEST state to retire in! See the interactive map below and SCROLL down and see the best states to retire in, by rank!