Retirement can be a scary topic for employees, especially because it seems as though Americans are not saving enough for retirement. While trying to prepare for retirement, it's important to look at all the factors of life like health care costs and living expenses. Bankrate looked at the best and worst states to retire in. Taxes play a big role in determining healthy retirement states. Delaware moved from the second spot in 2023 to the first spot this year. This state doesn't tax Social Security benefits unlike many other states. This retiree tax-friendly state also has low property taxes. Related: Retirement confidence shaky, but 'heading in the right direction': EBRI Coming in as the worst state for retirement, the same as last year, is Alaska. This state ranked the lowest in almost every category of the study. Health care costs, living expenses, overall wellbeing, weather, and crime are the factors Bankrate looked at to determine the best and worst states for retirement.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
