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If you’re looking to retire, you may wonder which state is the best place to do so. In this article, we will discuss 5 of the best states to retire in the US and five states to avoid!

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Best States to Retire

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“All 401(k) deferrals from high tax states like California, New York, or New Jersey can enjoy state income tax-free distributions! Often your federal tax rate will be lower in retirement, so why not also enjoy no state income taxes,” says Kevin Lao.

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There are plenty of opportunities for outdoor recreation, from hiking and biking to golfing and horseback riding. Arizona also has a thriving cultural scene, with museums, theaters, and restaurants in Phoenix and Tucson.

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Worst Places To Retire

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First, it is one of the most expensive states in the country, with the cost of living nearly 30% higher than the national average. This is partly due to the state’s remote location and lack of competition, which drives up prices for necessities like food and fuel.

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First of all, while it is easy to find jobs that pay $100,000 or more, the cost of living in Hawaii is sky-high, and retirees on a fixed income may struggle to make ends meet. Additionally, healthcare costs are relatively high in Hawaii; there are few options for Medicare recipients.

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SAVOTEUR

The Best States to Retire (And Worst)

If you’re looking to retire, you may wonder which state is the best place to do so. In this article, we will discuss 5 of the best states to retire in the US and five states to avoid!

Best States to Retire

“All 401(k) deferrals from high tax states like California, New York, or New Jersey can enjoy state income tax-free distributions! Often your federal tax rate will be lower in retirement, so why not also enjoy no state income taxes,” says Kevin Lao.

1. Florida

There are plenty of opportunities for outdoor recreation, from hiking and biking to golfing and horseback riding. Arizona also has a thriving cultural scene, with museums, theaters, and restaurants in Phoenix and Tucson.

2. Arizona

Worst Places To Retire

First, it is one of the most expensive states in the country, with the cost of living nearly 30% higher than the national average. This is partly due to the state’s remote location and lack of competition, which drives up prices for necessities like food and fuel.

1. Alaska

First of all, while it is easy to find jobs that pay $100,000 or more, the cost of living in Hawaii is sky-high, and retirees on a fixed income may struggle to make ends meet. Additionally, healthcare costs are relatively high in Hawaii; there are few options for Medicare recipients.

2. Hawaii

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