|
|
10 worst states for retirement
12-15-2010, 09:09 AM
|
#1
|
Recycles dryer sheets
Join Date: Nov 2010
Location: Toronto
Posts: 157
|
10 worst states for retirement
According to Topretirements.com
» Our Worst States to Retire List Topretirements
The following states are the worst 10 states for retirement:
IL, CA, NY, RI, NJ, OH, WI, MS, CN and NV
What do you think ? Agree or disagree ? Any comment ?
I mostly agree with the list as I will go straight down to Florida from Toronto. California is not bad but it's too far for me to drive and too expensive in a way !
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
12-15-2010, 09:13 AM
|
#2
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
|
REWahoo, I'm sorry Texas couldn't qualify for inclusion on this list...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
12-15-2010, 09:16 AM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
|
Every individual has different priorities, and at best these types of articles have to make assumptions about what the "average" retiree is looking for.
I mean, there are really a lot of different factors: cost of living, taxes, climate, recreational and cultural opportunities, health care, that sort of thing. Each individual has to decide for themselves which of these are most important to them. In general most of this "worst" list seems to focus on weather and taxes/cost of living, which are usually two of the major factors but certainly not the only ones.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
12-15-2010, 09:23 AM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
|
Quote:
Originally Posted by LuvSouth
According to Topretirements.com
» Our Worst States to Retire List Topretirements
The following states are the worst 10 states for retirement:
IL, CA, NY, RI, NJ, OH, WI, MS, CN and NV
What do you think ? Agree or disagree ? Any comment ?
I mostly agree with the list as I will go straight down to Florida from Toronto. California is not bad but it's too far for me to drive and too expensive in a way !
|
The abbreviation for Massachusetts is MA, not MS. Mississippi is last in a lot of things and probably not at the top of retirement locations for most, but the cost of living is fairly low which would exclude it from a list like this one.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
12-15-2010, 09:26 AM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
Thanks, Dawg! I was about to go to the article, in complete disbelief since I think that Mississippi is not an unusually bad place to retire at all. It has its problems, but cost of living is very low, and housing is very low, too.
Here's a surprising paragraph from the article:
Quote:
Honorable Mentions:
Arizona (PR), Oregon (PR), and Florida (PR) are all frequently mentioned as problem states because of their unhealthy economies. These high-growth states are having to deal with no growth, and the transition has been difficult. On the plus side, they (except for OR) have warmer climates and are popular with retirees. Florida does do not have an income tax, Oregon does not have a sales tax or tax social security or military pensions.
|
I would have thought these three states would be right at the top of the list of good places to retire.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
12-15-2010, 09:28 AM
|
#6
|
Recycles dryer sheets
Join Date: Nov 2010
Location: Toronto
Posts: 157
|
Yes, the list focus on weather, taxes, cost of living and fiscal issue of each state.
I think there's one important factor that's missed is the family tie. To some retirees, family tie may be the most important factor.
I think it's justifiable that TX doesn't make the list of worst 10 states as it has pleasant climate in the winter. Look at the number of snowbirds in TX, it's a whopping 150,000 of them each year.
Snowbirds from Ontario Canada go to Brownsville TX too. I talked to 2 snowbirds a few years ago in a camping trip in Ontario, they said they went to Brownsville TX every winter.
|
|
|
12-15-2010, 09:35 AM
|
#7
|
Recycles dryer sheets
Join Date: Nov 2010
Location: Toronto
Posts: 157
|
I thought about the abbreviation of Massachusetts when I typed MS as I wasn't sure
Thanks for pointing it out for me. Well, I never know how to spell Massachusetts correctly in my life !
|
|
|
12-15-2010, 09:36 AM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
|
Quote:
Originally Posted by LuvSouth
I thought about the abbreviation of Massachusetts when I typed MS as I wasn't sure
Thanks for pointing it out for me. Well, I never know how to spell Massachusetts correctly in my life !
|
Not bad since you spelled it correctly here not once, but twice.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
12-15-2010, 09:37 AM
|
#9
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
I would just like to point out that Illinois, number one on the list of worst places to retire, has the most awesome street lights.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
12-15-2010, 09:38 AM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Apr 2007
Location: west bloomfield MI
Posts: 2,223
|
Quote:
Originally Posted by LuvSouth
According to Topretirements.com
» Our Worst States to Retire List Topretirements
The following states are the worst 10 states for retirement:
IL, CA, NY, RI, NJ, OH, WI, MS, CN and NV
What do you think ? Agree or disagree ? Any comment ?
I mostly agree with the list as I will go straight down to Florida from Toronto. California is not bad but it's too far for me to drive and too expensive in a way !
|
As a resident of Ohio, not one tax gets you, but add them all up and it is bad.
NY might not be as bad as it appears, my parents are RE in Rochester, and my father tells me the first 40k of income for a married couple is tax free.
Most of those states have high taxes, among other things. Ohio is 7th highest total tax burden in country.
__________________
Light travels faster than sound. That is why some people appear bright until you hear them speak. One person's stupidity is another person's job security.
|
|
|
12-15-2010, 09:44 AM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
|
Note that CA is #2 on the 10 worst list, and also #5 on the 10 best list. Tells you something about these lists.
» What are the Best States for Retirement? Topretirements
__________________
Al
|
|
|
12-15-2010, 09:47 AM
|
#12
|
Recycles dryer sheets
Join Date: Nov 2010
Location: Toronto
Posts: 157
|
Thanks for the compliment but I have to make 2 confessions:
(1) I copied and pasted MA, you see, I don't remember how to spell it again.
(2) The reason I used abbreviations for those 10 states in my first post was because I saw MA (full name) on the list and knew I wouldn't know how to spell it
|
|
|
12-15-2010, 09:49 AM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
|
Quote:
Originally Posted by TromboneAl
Note that CA is #2 on the 10 worst list, and also #5 on the 10 best list. Tells you something about these lists.
|
Yep -- one list is clearly emphasizing taxes, cost of living and overall fiscal condition, and the other is clearly emphasizing weather and recreational/cultural opportunities.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
12-15-2010, 09:52 AM
|
#14
|
gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
|
Quote:
Originally Posted by ziggy29
..."cultural opportunities".
|
Yes; I live where I live since my DW is there ...
|
|
|
12-15-2010, 09:55 AM
|
#15
|
Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 1,324
|
Quote:
Originally Posted by ziggy29
Yep -- ... the other is clearly emphasizing weather and recreational/cultural opportunities.
|
Such as the Corona beer girls at the local Mexican restaurant on Cinco de Mayo.
__________________
We are, as I have said, one equation short. – Keynes
|
|
|
12-15-2010, 10:00 AM
|
#16
|
Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
|
Quote:
Originally Posted by Dawg52
Mississippi is last in a lot of things and probably not at the top of retirement locations for most.
|
Brett Favre?
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
|
|
|
12-15-2010, 10:04 AM
|
#17
|
Recycles dryer sheets
Join Date: Nov 2010
Location: Toronto
Posts: 157
|
I think the list tries to bring out what retirees most likely prefer:
- Weather: Warm, no snow to shovel
- Lower taxes
- Cultural activities (Florida offers such opportunities plus pleasant weather)
- Fiscal condition
I would further prefer:
- Lower property taxes, meaning lower or moderate property prices (for snowbirds)
- Geographical location (for snowbirds)
|
|
|
12-15-2010, 10:06 AM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
|
Quote:
Originally Posted by LuvSouth
- Cultural activities (Florida offers such opportunities plus pleasant weather)
|
Not to mention humidity and hurricanes, but I guess for a "snowbird" who only winters there it's not really an issue.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
12-15-2010, 10:07 AM
|
#19
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,186
|
Quote:
Originally Posted by Bestwifeever
I would just like to point out that Illinois, number one on the list of worst places to retire, has the most awesome street lights.
|
Just when we thought we had shipped out a number of the major problems to other areas of the country, some are trying to prove they're still residents and move back.......
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
|
|
|
12-15-2010, 10:24 AM
|
#20
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|