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Thinking about the retirement years of your life with a sense of eagerness or dread?  The feeling you have could change if you consider moving to one of the top 10 best states in the U.S. to retire rich. This may be important if you happen to be one of the nearly one third of Americans who have no retirement savings. Without a nest egg to fall back on, you might want to seriously consider moving to state that will help you preserve your bank account savings.

Financial Retirement

According to GoBankingRates, some states support retirees when it comes to their finances, while others are much more costly. GOBankingRates evaluated each of the 50 states on several regional factors that impact older Americans’ finances, focusing on costs like health care, living expenses, and taxes.

Editor-in-Chief of GoBankingRates Casey Bond said financial considerations were a primary focus in the survey since most retirees are relying on their savings as the main source of income in their retirement years. A decent quality of life affects long-term happiness for most people, and quality of life is directly related to an individual’s ability to meet their financial obligations.

For everybody in or close to retirement, deciding where to live in the United States that allows them to retire without worrying too much about money, particularly health care and high taxes, is sure to contribute to a level of satisfaction in their lives and inevitably benefit their overall quality of life.

With these thoughts in mind, the research conducted by GOBankingRates examined the following regional factors:

  • Health-care expenses, such as Medicare payments, average individual insurance premiums, and regional health care costs for seniors using those types of services;
  • Taxes, including Social Security income, state inheritance, sales, estate, and property taxes;
  • Prices for home listings and values;
  • Cost of living; and
  • Local deposit rates.

The Top 10 Best and Worst States to Retire Rich in are:

10 Best States to Retire Rich
  1. New Hampshire
  2. Delaware
  3. Idaho
  4. Wisconsin
  5. Wyoming
  6. Alaska
  7. South Dakota
  8. Michigan
  9. Utah
  10. Arkansas
10 Worst States to Retire Rich
  1. New York
  2. New Jersey
  3. Illinois
  4. Connecticut
  5. California
  6. Vermont
  7. Rhode Island
  8. Massachusetts
  9. Washington
  10. Nebraska

Florida Real Estate

Although Florida didn’t rank on the best or worst list to retire in in terms of retirement savings, it does have some fantastic cities for older Americans to enjoy their twilight years. From Coral Gables luxury homes, Fort Myers luxury homes, Weston luxury homes, and Palm Beach Gardens luxury homes to homes for sale in Oviedo, Coral Springs homes for sale, and Boca Raton luxury homes, whichever town or city appeals to you, there are wonderful homes that are perfect for you!

Berkshire Hathaway HomeServices Florida Realty

To find out more about the Florida real estate market and the best cities to settle down in the Sunshine State, consult with an experienced realtor with Berkshire Hathaway HomeServices Florida Realty. With years of local knowledge in cities across the state, Berkshire Hathaway HomeServices Florida Realty will be able to assist you in finding a place to call home.

Go to our website for a list of cities we serve or click on one of the links below to get assistance in your favorite locale!

Florida Realty News
Florida Realty News
Berkshire Hathaway HomeServices Florida Realty, a wholly-owned subsidiary of WCI Communities, has over 39 locations and more than 1,650 real estate sales professionals and team members serving 17 counties throughout Florida.
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