10 worst states to retire in
Some places are clearly worse than others for retirement. These states are among the worst, as measured by crime, life expectancy and the number of retirees living in poverty.
VIDEO ON MSN MONEY
Sure glad none of you want to retire in the South! We don't need any more with your views!!
I am proud to be a Rep. after years of being a Dem. They no longer support my views!
A proud Fl. native retiree!!!
You know what . . . I think 90% of those of you who responded to this article should run for congress. Most of you make sense as opposed to the article's nonsense. I have lived in Texas, Tennessee and FL and if it were not for having to take care of my aging parents, would not be in the most taxed state in the union - California. For all the tree huggers who live in CA the legal paperwork required to draw up a simple lease run ELEVEN pages. Three in Florida, two in Texas and four in TN. Don't even think of coming to California if you are not married and want to be. As they say " Ain't gonna happen" unless you own a home , drive an expensive car and be willing to travel the world on your dime. When I grew up in Southern California all my friends were from CA. Now the state is infested with obnoxious North Easterners. Go to a footbal game in TN and it will be mostly Orange and White. Go to the Rose Bowl and over half will be rooting for the other team.
Of all eight of the states I have lived in California is by far the most expensive and were it not for the weather the most disapointing for those considering retirement.
BTW, did anyone take the time to actually read the article? This is why they put southern states on the worst list:
"Don't retire here
How will you decide where to spend retirement? You probably want to pick a state where life expectancies run high, crime rates are low, and people tend to prosper. Conversely, you would probably want to avoid states in which life expectancies run lower, crime rates are higher, and poverty is more common."
Yes, Michigan is a HUGE retirement state because it has more shoreline than any other State but Alaska, longer than the Atlantic and Pacific shorelines combined. Add 11,000 inland lakes (more than MN), more forest land than any other state east of Mississippi, and 4 perfect seasons; quaint towns, great cost of living, and lower taxes than the rest of the North and you have a perfect place to retire. (notice I didn't mention Detroit).
It is considered one of the BIG MAGNATE States for not only retirement, but for vacationing.
Trust me when you are elderly you are going to need some hospital care sooner or later. I was with a loved one in Cali who was hospitalized for 3 months and it was the most horrific experience of my life and theirs' not to mention the care they received. I was with the same person at a hospital in Louisiana the difference was amazing. The nurses & docs were kind & compassionate unlike the ones in Cali, don't get me wrong there were some in Cali that were wonderful,but few, in Louisiana everyone was.
For a retireee couple with income under $30k/yr and a fully paid for home and no other debts, the south is the only place you really can retire to and be reasonably comfortable. At $50k/yr, you can live not like a king, but pretty good, again if you have the home paid for and no other debts. This assumes you are reasonably healthy.
There are alot of places in the north, like central wisconsin and others where $50k/yr goes a long ways. The biggest factors are property taxes, income taxes and sales tax in that order. Evaluate those three factors specific to your income and spending patterns before choosing. Downside of the north is the rotten winters. Downside of the far south is the summer heat and humidity.
No matter where you live, a retiree on modest income has to go into retirement with zero debt. That means zero. And a fully paid for reliable car good for the next 10 years. And of course, at least catastrophic health insurance if you are not yet covered by medicare.
Again, zero debt is HUGE. HUGE.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Get your emergency fund together now if you want to avoid stumbling over costly surprises in the future.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'