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Why South Dakota is the new Florida

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Florida and Arizona without doubt have the most amazing weather, however with regards to quality of life; South Dakota tops the new list of Preferable States for Retirement according to Bank rate.com.

The state has quite a lot going for it: an inexpensive living, very low crime rate, lower tax burden, excellence health care among other things and those who live there feel good about their communities.

The rest of the leading five best states to retire are: North Dakota Colorado, Utah and Wyoming. Arizona (16) and Florida (39) could not even make the top 10.

Even though the states that were rated highly might not be regarded as a haven for retirees, it is important that seniors consider more than sunshine when selecting a place for their golden years. Both North and south Dakotas made it into Bank rate’s top 10 for the second year in a row.

According to the Bank rate.com analysis The 5 states that ranked the lowest are Hawaii, Arkansas, Alaska, West Virginia and New York.

Obviously, no one makes a decision on where to retire based on a survey of some data points, like weather or taxes. On many occasions, the move is made to be close to family, however if you are thinking about places to relocate once you retire, you may perhaps compare how different states rate on a few factors.

Most Tax Friendly Places for Retirees

Smart Asset’s interactive map highlights the places in the country with tax policies that are most favorable to retirees. Smart Asset’s interactive map Zoom between states to see the most tax-friendly places in each area of the country. Smart Asset’s study aims to find the areas with the most tax-friendly policies for retirees. They look at how the tax policies of each city are going to affect a retiree with a $50,000 income.

 

 

Retirement Places | 5 Leading States | NMF

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Deciding on a place to retire is a huge decision. For instance affordability, accessibility to good healthcare, good weather and a great deal of entertainment options are all great point to consider. Weigh these options before relocating to the one of the best retirement places.

What makes a state a retirement option

Affordability, cost of living, tax friendliness, the costs of services, as well as in-home health services are a very important factor in retirement option locations.

There are also other issues to consider. A big complaint from retired folk is they get bored in places without much to do. It’s a good idea to look for places that employ a significant number of senior citizens, in addition to golf courses, museums and theaters. Finally, a low crime rate, good weather, air and water quality, as well as access to quality healthcare – should be of concern for retirees who plan to relocate.

 

Listed below are five best retirement places.

 

Colorado: Colorado has the topmost cost of living on this list; however there are several features that make it an attractive option for seniors, particularly with regards to health care. A huge percentage of Colorado seniors are physically active and in a better health, it also has the highest senior citizen life expectancy of all the listed five states on this list.

Iowa: Iowa is among the very least tax-friendly states with affordable living and senior-friendly job market.One more reason to retire to Iowa is the fact that there are quite a lot for retired people to do. Iowa has numerous volunteer opportunities as well as plenty of golf courses and museums. Healthcare is also a strong point of Iowa. There are more healthcare facilities per capital compared to any state with the exception of South Dakota.

South Dakota: In spite of an above-average cost of living, South Dakota is a great retirement option for 2017. For starters, there is absolutely no state income tax and a retiree-friendly labor market, with the fourth-greatest level of seniors in the workforce. Medical care is probably the greatest reason behind South Dakota’s high ranking.

Wyoming: Wyoming does not have any state income tax; in addition it also offers a property tax rebate to seniors. But, low taxes are certainly not the only reason Wyoming is among the most preferable states to retire in.

With regards to quality of life, Wyoming has moderate summers, lovely landscapes, as well as the perfect air quality of any state in the country. Additionally there is a minimal crime rate, better-than-average accessibility to healthcare, and an exceptionally low poverty rate among seniors.

Florida: This should come as no great surprise. Florida is renowned for its lovely weather and great number of senior residents — the state in reality has the largest number of residents over 65 in the U.S. But, the actual reason Florida ranks No. 1 in 2017 is affordability, and there are numerous factors that give rise to this. Just to mention a few, Florida is among the few states with no state income tax, also housing rates in Florida are fairly low compared to the northeastern U.S. Additionally, Florida’s cost of in-home care services is among the lowest in the U.S.

 

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