After years and years of hard and satisfying work, it can be very difficult deciding if it is the right time to hang up the briefcase.
Like many big decisions in life, making the transition to a retired lifestyle can be very stressful.
To reach these conclusions, they examined several characteristics and factors such as senior population growth, economy, crime rate, weather conditions, and the like.
Hawaii! The report showed that seniors who retire in Hawaii tend to live longer lives than seniors in any other state.So which state is the best place for retirees to call home?
With beautiful vistas and predictable, warm weather conditions, it is easy to see why Hawaii was chosen as the best state to retire.
One major drawback to retiring there is that it is rather expensive to live in. If you can handle the slight burn in your pocket, it is definitely worth it!
Idaho took the second spot in the list of best states to retire.
MoneyRates.com found that due to their good economy and low crime rate, it is quite a desirable place for seniors to call their new home.
The only downside is the lack of warm weather. If you can get by in cold weather, Idaho may be a perfect place to retire.
So what’s the worst state? Michigan. Michigan has below average ratings in all factors that affect senior life, with a poor climate and a lackluster economy.
The next on the list for worst states to retire are Pennsylvania and Alaska, followed by 5 more eastern states including Rhode Island, Maine, New York, Massachusetts, and Maryland.
What do you think is the best place to retire? Leave us a comment below!