Top 10 Best States to Retire in 2022 | RetireBetterNow.com The 10 Best and 10 Worst States in Which to Retire In [2022 Guide] Meanwhile, for potential retirees seeking a cultural melting pot, Florida boasts solid racial diversity and a significant LGBTQ population. Wise up with top stories and timely tips Tuesdays and Thursdays. These are the top 10 states that retirees are moving to: 1. West Virginia. Here are the 25 worst states to retire in 2022, ranked from bad to worst. Legal Statement. Minnesota 6. The serious crime rate is above the national average. Get personalized advice from a financial advisor that understands your needs. At an elevation of 20 feet, Charleston is moderately walkable and very bikeable. 40. Best states for retirement in 2022: report | Fox Business The worst state in the U.S. for retirement is New Jersey, followed by Mississippi and New York, based on WalletHub's findings. Indiana. Texas 6. A stiff 7% state income tax kicks in at $16,040 of taxable income, but there is no state income tax on Social Security earnings and theres a state income tax break for pension income. Market data provided byFactset. Crime rates in the state sit relatively low as well. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. Considering a retirement move? Social Security income is tax-exempt, and most types of retirement income if your 62 or older. 18 in Bankrates affordability index. Wyoming #10. The Sunshine State also has the second-highest percentage of residents 65 years and older, WalletHub says, topped only by Maine. Our experts have been helping you master your money for over four decades. Plenty of farms also, although they are increasingly larger and larger and run by fewer and fewer people, writes noshelter on Reddit. Those who are able to travel tend to find good excuses to head south during parts of the winter Having said that, many retirees enjoy winter activities, including alpine and cross-country skiing, snowshoeing, snowmobiling and ice fishing, writes resident Tom Britz on Quora. For this study, Bankrate looked at five broad categories: affordability, wellness, culture, weather and crime. Plus, the state wont tax your Social Security benefits and provides a tidy deduction for those who depend on other forms of retirement income as well. editorial integrity, The content created by our editorial staff is objective, factual, and not influenced by our advertisers.

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