So you're ready to dive into retirement and perhaps take that long-planned trip of a lifetime. But where are you going to move in order to make the most of those precious retirement years?
Is it a change of climate tugging at you, or perhaps it's cost of living or even health care that becomes the priority for your decision about location. There is definitely a lot to think about. Well your in luck. Bankrate has compiled a list of states to consider for retirement based on several factors that collectively play into the ranking.
Below is are the top 20 from the Bankrate list:
Below is are the top 20 from the Bankrate list:
Click to see full list of best and worst states as ranked by Bankrate.
Bankrate Ranking Methodology
Bankrate looked at seven relevant features in the life of a retiree and used government and expert sources to compare states against one another. They weighted those rankings based on the importance given to them by respondents to a 2017 Bankrate survey, which found that 47 percent of Americans would consider moving when they retire.
The study examined seven categories (weightings in parentheses): cost of living (20%), taxes (20%), health care quality (15%), weather (15%), crime (10%), cultural vitality (10%) and well-being (10%). Sources: Agency for Healthcare Research and Quality, The Council for Community and Economic Research, Federal Bureau of Investigation, Gallup-Sharecare, National Oceanic and Atmospheric Administration, Tax Foundation, University of Hawaii at Manoa, Western States Arts Federation.