Here are the 5 best states for retirees in 2020

Personal finance

Ariel Skelley

Personal finance website WalletHub is out with another list of the best states in which to spend your retirement.

Factoring in affordability, quality of life and health care, Florida came in first.

Yet a recent ranking by Business Insider dubbed Mississippi the winner. Nebraska took the title in another list last year compiled by The New York Times.

If you’re confused by competing retirement listicle claims, focus on how much a potential retirement destination meets your unique requirements and sensibilities. Some lists look at taxes; others, the weather. What matters most to you?

More from Personal Finance:
Single seniors can’t pay for basics, and Social Security’s not enough
New law took a retirement strategy out of play. How to get around it
What to do about Medicare if you’re almost 65 and still working

“It’s a broad brush stroke when it comes to states,” Mark Hamrick, senior economic analyst at Bankrate.com, has told CNBC.

And relocating to another state is simply not an option for everyone.

Before you pack up, experts advise that you ask yourself a few questions about a new place. Who, if anyone, do you know there? Are you familiar with the culture? Will you be able to find appropriate housing?

All of that considered, these lists can be a great jumping off point to start thinking about your future. Here are the states that made WalletHub’s list for 2020 of best places for retirees.

1. Florida

Fisher Island, Miami Beach, Florida

felixmizioznikov

2. Colorado

Rocky Mountains

scottiebumich

3. New Hampshire

Portsmouth, New Hampshire

DenisTangneyJr

4. Utah

Monument Valley, Utah

Bartfett

5. Wyoming

Grand Teton National Park, Wyoming

crbellette

Products You May Like

Articles You May Like

This Wall Street legend’s 10 rules for investing are very applicable to today’s bull market
Amazon CEO Jeff Bezos buys $165-million Los Angeles mansion owned by David Geffen, reports say
TikTok video shows Wendy’s employee taking bath in kitchen sink
Lead Generation With Phone Scripts and Intake Forms
Pier 1 store closings: These locations are slated to shutter. Is yours on the list?

Leave a Reply

Your email address will not be published. Required fields are marked *