THE BEST STATES FOR RETIREMENT
- philmcavoy
- Jul 29
- 2 min read
An important decision for retirees is where they would like to live in their retirement years.
Bankrate just issued their annual report of the best states to retire in for 2025. They use a methodology that ranks each state on the following criteria.
Affordability
Weather
Neighborhood Safety
Health Care
Local Taxes
Arts, Entertainment and Recreation
People of a Similar Age
The factors above are weighted based on a survey they conduct regarding the importance of each factor in their decision.
You will probably rank the importance of each factor differently based on your personal preferences. But the ranking in each category is very interesting and the information could be of use to you.
The Best States
In this year’s report, New Hampshire took the number one spot. Weather is a weak point for New Hampshire, but they score very well in all the other categories (taxes, safety, health care, etc.). Here are the top five.
New Hampshire
Maine
Wyoming
Vermont
Idaho
Four of the top 10 states are in New England and three are Western States (Idaho, Utah and Wyoming).
The Worst States
Louisiana came in as the worst ranked state for retirement finishing low in every category, including 48th for crime. Here are the bottom five states.
50. Louisiana
49. Texas
48. Oklahoma
47. Arkansas
46. Nebraska
Eight of the ten worst states are in the Sun Belt (Alabama, Arkansas, Florida, Louisiana, Oklahoma, California, New Mexico and Texas).
This ranking may be surprising to you because many people think only of warm weather and taxes when making retirement location decisions. Whether you agree or not, this study looked at several lifestyle factors and risk factors to come up with the ranking.
You can find the full report at https://www.bankrate.com/retirement/best-and-worst-states-for-retirement/.
Stay Disciplined My Friends,
Phil
Disclaimers The Beyond Buy & Hold newsletter is published and provided for informational and entertainment purposes only. We are not advising, and will not advise you personally, concerning the nature, potential, value, or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Beyond Buy & Hold recommends you consult a licensed or registered professional before making any investment decision.
Investing in the financial products discussed in the Newsletter involves risk. Trading in such securities can result in immediate and substantial losses of the capital invested. Past performance is not necessarily indicative of future results. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, and market dynamics.
Comments