10 best states to retire on Social Security
Retirement is a milestone in one’s life that highlights the freedom from laboring days. Some are preparing for this day ahead of time while others tend to delay their retirement and save up what they need.
Social Security affects the decision making of many Americans because retirees look for states that combine accessibility with affordable healthcare, recreational possibilities, and general well-being.
Combining retirement and Social Security when preparing for retirement age, a question that often comes up is “what are the best states for seniors to retire?”. Choosing the right state to spend retirement in can impact the overall quality of life that any retiree could have.
To give you helpful insights, we have listed, in no particular order, the 10 best states to retire on Social Security.
Wyoming is often chosen as one of the best places to retire on Social Security due to these key factors:
Cost of living: compared to any other state, Wyoming has a lower cost of living, particularly when it comes to housing. This is helpful for retirees with fixed incomes.
Low taxes: there is no income tax in Wyoming. According to AARP, retirement income is not taxable either. Retirees can keep more of their finances compared to living in different states with income taxes.
Access to healthcare: this state offers a wide range of healthcare facilities and services. This assures residents of access to the necessary medical treatment.
Recreational activities: Wyoming has cultural events and recreational activities that can keep seniors interested and entertained despite its lower population density.
Community of belonging: the state is built on a strong community of friendliness that is beneficial for retirees who seek social support
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