How do you know which state will provide the best life for you in retirement? A new ranking showcases the many reasons as to why New Hampshire was voted the best place to retire.
New York-based personal finance site Finder looked at 32 different rating factors across six categories — health and well-being, affordability, crime and poverty, culture, weather, and location — to narrow down its list of best retirement spots.
In five of the six categories, New Hampshire scored in the top 10. Financial advantages, low crime and poverty scores, along with health and well-being, are all key indicators to New Hampshire’s success. Here’s why New Hampshire tops the list for the best place to retire:
Tax & Financial Advantages
Finances play a big role in determining where one decides to retire. New Hampshire has historically been rated as one of the most tax-friendly states to live in, especially as a retiree. Some of the financial advantages include:
- No state income tax
- No sales tax
- No tax on social security
- Withdrawals from retirement accounts are not taxed
- Public and private pension income are not taxed
Health & Wellbeing
Health and wellbeing standards are an important benchmark when considering where to retire. New Hampshire ranked third when it comes to health and wellbeing, which includes a host of different factors such as:
- Life expectancy
- Risk of social isolation for those 65 and older
- Number of healthcare benchmarks for seniors that are at least average
Concerns regarding your safety are important when deciding where to retire, and New Hampshire was the best rated state for crime and poverty. This category includes factors such as:
- Lowest burglary rates in the country
- Second lowest rates of property crime, violent crime, and senior poverty rate
- Fourth lowest rate of larceny theft
Ready to Learn More about why New Hampshire is the best place to retire?
New Hampshire is consistently rated as a best place to retire year after year, and for good reason. Financial stability, safety, along with health & wellbeing are all factors one must consider when deciding where to retire.