Bankrate reposted this
I recently spoke with CBS News about Bankrate's annual study of the best and worst states to retire. The big takeaway? Don't rule out unlikely places for retirement, and don't move somewhere for retirement just for the year-round warm weather or the beaches. Delaware isn’t typically thought of as a retirement haven, but if you dig into the data, you'll see that it checks a lot of boxes for retirees. With no state or local sales tax or income tax on Social Security benefits, it’s considered a tax-friendly state for retirees. On average, property taxes and homeowners insurance are also lower in Delaware compared to the rest of the country. Delaware scores well in diversity and overall well-being and has a large share of residents who are 62 and older compared to its population. Delaware also has a high number of health care establishments per capita and a robust health care system. The state’s weaker spots are its higher living and health care costs and higher crime rates compared to other states. West Virginia, Georgia, South Carolina and Missouri are a few of the other states that landed at the top of our ranking. If you could pick somewhere to spend your golden years, where would it be? #retirement #economy #retirementsavings #wheretoretire
The best state to retire in the U.S. is also one of the smallest, according to a new ranking. Based on its high marks for affordability, access to high quality health care, overall well-being and other categories, #Delaware, known as the "First State," earned the top spot in Bankrate's annual ranking of the best states to retire in the U.S. "While you might not think of Delaware as a typical retirement haven, it has many strong selling points for retirees," Bankrate analyst Alex Gailey told CBS MoneyWatch.