Florida no longer ranks as the best state to retire in and a new location has taken the top spot, according to WalletHub’s latest study. Check out the top 10, including one New England state.
"When people think about retirement, where to live really depends on your priorities and goals," Dawn Carr, a professor and faculty associate at Florida State University's Pepper Institution on Aging and Public Policy, said in WalletHub's study.
Your priority may be to live in a less expensive state, while someone else may want to live closer to family. Regardless of where you hope to retire, try spending time at that location during different seasons of the year to get a feel for what it might be like to actually live there. This will also allow you to get a sense of what kind of opportunities a potential retirement community may offer.
"Choosing where to live is a big move in life and deserves all the upfront work necessary to check out those desires and assumptions as best as possible," Kathy Black, a professor of aging studies at the University of South Florida, said in WalletHub's report.Sign up for our new newsletter!
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