"...But in addition to when you want to retire, you might want to ask yourself where.
That can be an awfully difficult question to answer if you haven’t adequately planned — or been able to plan — for the rest of your life.
Even in the most affordable areas of the U.S., retirees often cannot rely on their Social Security or pension checks alone to cover all of their living expenses.
Social Security benefits increase progressively with local inflation, but they replace only about 40 percent of the amount you earned if you were an average worker, according to the Center on Budget and Policy Priorities.
If retirement is still a big question mark for you because of finances, we recommend you consider relocating to a retirement-friendly state — one that will let you keep more money in your pocket without drastically modifying your lifestyle.
WalletHub’s analysts compared the 50 states and the District of Columbia across 24 key metrics to help you find that permanent, and affordable, place to call home when you’re ready to leave the workforce.
Of course, affordability shouldn’t be your only priority in retirement, which is why our analysis also explores health-related factors and overall quality of life.
Scroll down for the results, additional expert commentary and a detailed methodology.
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