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The 10 worst states for retirement

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The 10 worst states for retirement
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How to know if you're ready to retire
By Jean Chatzky

10 bad states for retirees © dlewis33/Shutterstock.com

The 10 worst states for retirement

When you're deciding where to spend your golden years, you have a lot to consider:

  • City or country?
  • Sun or snow?
  • Exploration or relaxation?

No matter the location, all retirees will have to consider practical factors, like how to live on a fixed income and making sure they pay close attention to their health.

Bankrate conducted its annual retirement survey, which ranks all 50 states using data about health care quality, tax rates, weather, cost of living and crime rate. We also included a wellness score from the Gallup-Healthways Well-Being Index, which measures Americans' perceptions of their overall quality of life by asking about things like their sense of purpose and social relationships.

States ended up on this list for a variety of reasons: a cost of living far above the national average or very high tax rates. Others scored poorly for health care quality, which is essential for all Americans, especially seniors.

That’s not to say these 10 states should be avoided, but retirees certainly may need to save a little (or a lot) more to ensure their financial security if they want to live there. With that in mind, here is our list of the top 10 worst states to retire.

RATE SEARCH: If you're looking to save money for retirement, check out the CD rates today at Bankrate.com.

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Sources: Agency for Healthcare Research and Quality; Gallup-Healthways; the Council for Community and Economic Research; the FBI; the Tax Foundation, and the National Oceanic and Atmospheric Administration.

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