March 15, 2016

Making your retirement plans involves not just carefully thinking ahead about having enough finances to support you but also about where you’ll live. More investors than ever are thinking about moving in order to capitalize on the savings they have and maximize them effectively. To help you better weigh your options, consider some of the best and the worst states to retire in. Part one of this series looks at the best states to retire in.

• Wyoming: Wyoming has one of the lowest tax burdens in the country at 7.1%. It also scores well below the national average for issues like crime rates.
• South Dakota: Just like Wyoming, South Dakota has one of the lowest tax burdens at 7.1%. Individuals living in the state also appear to be overall quite happy. The winters can be difficult.
• Colorado: It will not come as a surprise to most people that Colorado has some of the best weather across the country. The state experiences a great deal of sunshine and very little humidity. The city of Denver, for example, enjoys more than 300 days of sun every single year. The tax burden in the state is 8.9%.
• Utah: Individuals who love the great outdoors will find a broad range of activities to keep them excited and active in Utah. The state also ranks sixth best in the nation for weather. Taxes might be slightly higher than other states but the cost of living is below the national average.
• Virginia: The only coastal state to make the ranking is Virginia, primarily because the state has very low cost of living. The low crime rate across the state is also beneficial.