Finance website names Florida as top retirement state
In news unlikely to surprise the seniors of Brandon, WalletHub, a social media network that deals with financial services, has named Florida as the best overall state for retirees as for affordability and quality of life.
The analysis looked at all 50 states, plus the District of Colombia, and considered 54 key metrics such as annual cost of living, in-home services, taxes, and life expectancy.
The rankings had Florida ranking second in affordability and third in quality of life. The Sunshine State’s top ranking was followed by Wyoming, which came in first in the affordability but ranked only 28th in quality of life. Rounding out the top five were South Dakota, South Carolina, and finally Colorado.
The website stated that the analysis was initiated when WalletHub’s staff found out that nearly one in three people yet to retire have not been saving for retirement. It further stated that Social Security and pension funds usually only cover about 40% of a person’s preretirement income. With so many people not ready financially for retirement, the site advised its readers to consider moving to a retirement-friendly state. It further found out that the state of Florida presently has the highest senior citizen population.
The local government, community centers, and retirement communities may wish to update their presentation folders, and get this information into their next brochure printing order to help promote the area.
The analysis looked at all 50 states, plus the District of Colombia, and considered 54 key metrics such as annual cost of living, in-home services, taxes, and life expectancy.
The rankings had Florida ranking second in affordability and third in quality of life. The Sunshine State’s top ranking was followed by Wyoming, which came in first in the affordability but ranked only 28th in quality of life. Rounding out the top five were South Dakota, South Carolina, and finally Colorado.
The website stated that the analysis was initiated when WalletHub’s staff found out that nearly one in three people yet to retire have not been saving for retirement. It further stated that Social Security and pension funds usually only cover about 40% of a person’s preretirement income. With so many people not ready financially for retirement, the site advised its readers to consider moving to a retirement-friendly state. It further found out that the state of Florida presently has the highest senior citizen population.
The local government, community centers, and retirement communities may wish to update their presentation folders, and get this information into their next brochure printing order to help promote the area.