According to the Pew Center for States Report, the ten worst states for retirees to live in are Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island , Wisconsin and California. Hooray for New York! It didn’t make the list with the other bad boys.
The report did indicate that New York has “very high taxes”. It stated that New York has the second highest tax rate and the fifth highest per-capita property taxes. The report also indicated that New York has a “dysfunctional legislature”. The report also pointed out that there was a benefit to living in New York because pension income is exempt from income taxes.
The report involving the worst states to live in focused on the fiscal health, taxation and climate of the states in the United States. It considered factors regarding which state to retire in involving taxes, climate, typography, the crime rate, recreational opportunities in the state, the quality of transportation and healthcare, as well as the cost of living and the physical health of the state itself. Individuals, before they retire, should take into consideration all of these factors and how it will effect the quality of their life. From my point of view, I would rather be happy and poor than have more money and be miserable.
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