Source: WalletHub

Where do you want to retire?


Good question.  In your mind’s eye, what does your life look life when you can do more of what you want?

For us, we plan to move between New York City — #1 in quality of life— and Gulf Coast Florida, where we have inherited the house where we did great deal of caregiving for my family.   We love the hustle and bustle and change of New York.  We also prize our little house in Florida, with its natural beauty and wildlife.

A street mural in our Chelsea, NY neighborhood

The state of Florida is currently #1 for retirees, and we understand why, given the affordability of property and nursing care, and the advantageous tax structure. 

In New York, you might get hit by a cab.  In Florida, you might get hit by a hurricane.  How to choose?  

Sunset from our back yard in Gulf Coast Florida

In reality, fate may decide for us.  A health issue may cause us to spend more time in New York City to be near a trusted doctor.  Or one of us may develop a long term care need, in which case Florida is the better option — with more space for caregiving in our home and affordable nursing care close at hand.

First step is to decide what is most important to you.  This very thorough study helps you weigh the possibilities, as we are doing as we approach retirement.    

https://wallethub.com/edu/best-and-worst-states-to-retire/18592/

See the map at the top for how your state ranks.

If you found it helpful, let us know in the comments.  We would love to hear from you.

3 Comments

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  1. 1
    Sara Louise Petty

    It’s not something I have given much thought to, as we all think we have so much time — but reality is it’s creeping up on us as we hit ‘middle age’. Good to have a long term plan, thanks for putting the seed of thought into my head! xoxo Sara Louse Petty

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