They are singing about the city, not the state, but for those who choose the Empire State in which to live in retirement, it's true: If you can make it there, you can make it anywhere.
New York ranks among the 10 worst states in which to retire, according to a new report by Money-Rates.com.
It's not so much crime that earned New York its ranking.
The state, perhaps surprisingly, holds the nation's lowest rate of property crime per capita. It is more the oft-times harsh climate and high standard of living.
These are three of five overall categories author Richard Barrington, CFA, considered in determining the worst states in which to retire. The other two are the size and growth of the state's senior population and life expectancy at age 65.
In retirement planning, where to retire can be as important as when. The primary financial fear of affluent households, according to Spectrem’s Millionaire Corner research, is running out of money in retirement. Making an ill-considered choice can drain retirement savings.
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1 comment:
The list hasn't changed much since last month.
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