Toughest States for Retirees

In compiling its list, TopRetirements.com gave the most weight to three criteria: taxes, fiscal health and climate. Each of these factors is important, generally speaking, to retirees. On the financial front, high taxes can eat away at limited incomes, while poor fiscal health can force state governments to raise revenue or cut services. A warm climate is a natural draw for many retirees. If those three criteria aren’t among your top priorities, then the low rankings might not influence your decision.
Here are the 10 worst states for retirement, with No. 1 being the lowest ranked, according to TopRetirements.com:

Worst States for Retirement

Why You Should Think Twice

1) Illinois Poor fiscal health
2) California Expensive, and its finances are in disarray
3) New York Very high taxes, including property taxes
4) Rhode Island Worst-off state in the Northeast from a financial viewpoint; high taxes
5) New Jersey Highest property taxes in the United States; has pension funding issues
6) Ohio High unemployment and cold winters
7) Wisconsin High property taxes and frigid weather
8) Massachusetts High cost of living and high property taxes
9) Connecticut Taxes Social Security and has high property taxes
10) Nevada Foreclosure capital of the world

Visit AARP.com for more information.

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About yournapleshome

Karen is originally from Cape May County, New Jersey but considers herself a Floridian due to the many years she has resided in this sunny state! She has two children, Kimberly and Jennifer. Kimberly graduated form the University of Florida in 2000 and resides in Naples with her husband and two children. She works in education . Jennifer graduated from the University of Florida in 2006 and resides with her husband in Raleigh, North Carolina. She currently works for the Sweatlock Team as a marketing executive. The Sweatlock Team provides top-notch personable and professional real estate services, custom marketing for listings, efficient and honest service, fair representation, and a team that is ready to work for you! All combined with great expertise and impeccable service- a combination that can't be beat! Our clients are clients for life.
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