Utah Ranks 2 With the Most Retirement Potential
You’ve retired. You received your gold watch, claimed Social Security and begun to plan that oft-delayed trip of a lifetime. You’re ready to take in nature’s splendor by the water.
Where, though, should you enjoy your repose: Hilton Head, South Carolina? Jekyll Island, Georgia? Maui?
Try Falls Park in Sioux Falls, South Dakota.
The Mount Rushmore State is the best state to retire, according to a new Bankrate study, followed by Utah, Idaho, New Hampshire and Florida.
New York, meanwhile, makes life hardest on those who recently escaped the daily grind. Even well-trod retirement destinations Arizona and New Mexico finished in the bottom half of our ranking.
When it comes to what makes for a happy retirement, conventional wisdom often bumps up against reality.
The best of the rest
To construct our ranking, Bankrate looked at seven relevant features in the life of a retiree and used government and expert sources to compare states against one another. We then weighted those rankings based on the importance given to them by respondents to a 2017 Bankrate survey, which found that 47 percent of Americans would consider moving when they retire.
The study examined seven categories (weightings in parentheses): cost of living (20%), taxes (20%), health care quality (15%), weather (15%), crime (10%), cultural vitality (10%) and well-being (10%). Sources: Agency for Healthcare Research and Quality, The Council for Community and Economic Research, Federal Bureau of Investigation, Gallup-Sharecare, National Oceanic and Atmospheric Administration, Tax Foundation, University of Hawaii at Manoa, Western States Arts Federation.
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#RealEstateForSale #Homeownership #UtahRealEstate #Retirement
source: “These Are the Best and Worst States for Retirement,” Bankrate.com (July 12, 2018)
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