http://www.thefinancialword.com/9-worst-u-s-states-to-retire/?utm_medium=US&utm_campaign=Taboola&utm_content=WorstStates_DT_Tab_MatureColdC2&utm_source=tmg-mirror
1) New York
Cheap is something you can never relate to the Big Apple. It may be a relatively safe state, but in the entire United States, it’s the most expensive place to live in. The tax rate and cost of living are also extremely high in New York. In fact, state and local income taxes in New York are the highest in the US while property taxes rank fourth highest in all 50 states.
2) Washington, D.C.
While not a state, the US capital is a US location that must be mentioned when advising places to avoid if you want to stretch those retirement dollars.
3) California
The high taxes in California has made “California dreaming” more of a nightmare. Even income of retirees is fully taxed, and apparently, the highest state income tax rates in the entire United States are imposed in the Golden State. Currently, sales tax is at 7.5% and in Californian cities and counties where local levies are collected, sales tax can go as high as 10%.
4) Oregon
If you’re the type who enjoy going to the beach, going for a hike, or a delicious mug of craft beer to cap the day off, then the Beaver State’s where you should be settling in. Nevertheless, there are two downsides to retiring in Oregon – the high cost of living and high tax rate.
5) Hawaii
The sound of overlapping waves and the cool breeze coming from the ocean may seem like the best way to spend your retirement days, but living such a dreamy life in the Aloha State may be more than you bargained for. It has earned a reputation as a major tourist destination, which means it demands an extremely high cost of living.
6) New Jersey
Although it’s a relatively safe place to retire to, the Garden State is one of the worst states for retirees mainly because of its high living costs and taxes. Apartments in Newark, a city in New Jersey, have average rental fees of $1,527 a month, which is 67% higher than the national average.
7) North Carolina
The mild winters in North Carolina would have been ideal for people 65 years and older who want nothing but to spend their retirement days in comfort. However, the above average costs of living in the Tar Heel country don’t quite break even with a typical household’s income.
Minnesota
The Land of 10,000 Lakes is consistently included in the list of least tax-friendly states for retirees. The state even taxes social security benefits. Even other retirement income like military, government, and private pensions are taxable.
9) Illinois
State and local taxes are extremely high in the Prairie State, even rising above a combined 10% in some areas. Moreover, the cost of health care, which is a primary need of people 65 years and older, is very high.
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Note: I skipped a lot of stuff.
Also, Note that most of these 'worst States' are bastions of liberality.
Zim.
Mad Poet Strikes Again.
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