Determining the best states to retire financially can be tricky. This is because finances differ from person to person, as livelihoods and regular expenses vary widely. For example:
If you want to keep your taxes low, you’ll need to understand how state taxes like income, sales, and property taxes will factor into your financial future, depending on your location choice.
On the other hand, if you’re looking to keep costs low due to a fixed income, a state with the lowest cost of living will likely interest you more.
The list could continue, but the sentiment remains the same. Retirees have varying financial concerns, so assessing and addressing yours is essential. That’s why we’ve broken down the best state to retire financially into the below subcategories.
Each considers a specific financial concern you may be weighing before deciding where to spend your retirement. Here are the best states to retire that help you stretch your money longer. Find Medicare Plans in 3 Easy Steps We can help find the right Medicare plans for you today