Best-worst states for retirement

Retirement might be the end of a career, but doesn’t have to be the end of financial security or satisfaction. Retirement generally coincides with the age at which one receives Social Security or pension benefits. However, not everyone can retire when they want to. One quarter of non-retired adults haven’t saved enough for retirement, though not necessarily through their fault. In addition to when to retire, finding the best locations to retire can be difficult without a great deal of research. Even in affordable areas, retirees can’t rely on Social Security or pensions to cover living expenses. Social Security benefits increase with local inflation, but they replace only around 39 percent of the average worker’s earnings. WalletHub compared the 50 states across 46 key indicators of retirement-friendliness. The analysis examines affordability, health-related factors and overall quality of life. (Source: Wallet Hub 01/2019) Gulf Coast Note: Florida led all states across affordability, quality of life and health care measurements. Neighboring Gulf Coast states: Alabama (39th), Louisiana (42), and Mississippi (43).