The 10 Best and 10 Worst States for Retirees: A Comprehensive Guide

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Many people are more mobile and moving today thanks to the benefits of technology and working remotely. People nearing retirement age are also looking for new places to call home. A recent study by Blacktower Financial Management Group analyzed the best and worst states for retirees. This article will break down these states one by one.

• The Best and Worst States to Retire In

If you’re planning to retire now or in the near future, there are many factors to consider. For example, you should pay off big expenses, take stock of your investments to update your retirement plan, and educate yourself about Medicare and Social Security benefits. You may also want to move to a new place and need to work on repairing your credit before purchasing a home you can live in during retirement.

Blacktower Financial Management Group’s recent study generated an index of all 50 states and shared the results on the best and worst states to live in to simplify the retirement process. To calculate the index, they normalized different data categories individually from 0 to 1 and then summed the results. The study looked at crime, cost of living, percentage of the population over 65, property prices, and life expectancy.