Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Retiring Baby Boomers Must Avoid Living In These States

Courtesy of ZeroHedge View original post here.

Millions of Baby Boomers retire each year from the US labor force. They must make the difficult decision if their current home state is worth living out their "golden years" of adulthood. 

To simplify the process of what states are the best for retirees in 2021. The finance website Bankrate provides new data of the worst states to retire in this year. 

Bankrate examined five essential factors: affordability, wellness, culture, weather, and crime for each state. Affordability and wellness were weighted the most, 40% and 20%, respectively. 

The survey found that Maryland, Minnesota, and Kansas were the worst three states to retire in.

"It's a complicated formula to figure out what's going to attract people to your state and how to create the best climate for them," Jeff Ostrowski, Bankrate analyst, told CNBC. "It's a combination of factors, some in the control of the state and its leaders and some that are not."

Ostrowski said Maryland ranked the worst because of complaints about the state's tax burdens. 

Here's the full list of the eleven worst states to retire in this year: 

11. Washington

  • Affordability rank: 36
  • Wellness rank: 8
  • Culture rank: 27

9. TIE: Idaho

  • Affordability rank: 22
  • Wellness rank: 39
  • Culture rank: 30

9. TIE: Connecticut

  • Affordability rank: 49
  • Wellness rank: 7
  • Culture rank: 9

8. Alabama

  • Affordability rank: 8
  • Wellness rank: 44
  • Culture rank: 43

6. TIE: Arkansas

  • Affordability rank: 19
  • Wellness rank: 49
  • Culture rank: 42

6. TIE: Maine

  • Affordability rank: 40
  • Wellness rank: 29
  • Culture rank: 1

5. Alaska

  • Affordability rank: 25
  • Wellness rank: 23
  • Culture rank: 20

4. Montana

  • Affordability rank: 33
  • Wellness rank: 33
  • Culture rank: 3

3. Kansas

  • Affordability rank: 24
  • Wellness rank: 26
  • Culture rank: 38

2. Minnesota

  • Affordability rank: 39
  • Wellness rank: 15
  • Culture rank: 34

1. Maryland

  • Affordability rank: 47
  • Wellness rank: 4
  • Culture rank: 39

The timing of the Bankrate report comes as the number of retired Baby Boomers has surged post-pandemic, according to Pew Research Center analysis data from late 2020. 

"We're not expecting that someone's going to make their life decision based on one index; it's just another data point to consider," Ostrowski said.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!