Home Real Estate The 5 Best States to Retire During TURBULENT Financial Times

The 5 Best States to Retire During TURBULENT Financial Times

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The 5 Best States to Retire During TURBULENT Financial Times

This video discusses the 5 best states to retire during turbulent financial times. There is no doubt that we are in difficult financial times and the effect on retirees is particularly pronounced. There are a lot of considerations when thinking about moving to a friendlier more cost-effective state including, crime, culture, proximity to family and friends and of course the cost of living.

This video takes the 50 states in the United States and methodically eliminates those that don’t serve a retiree using the categories above. The end result is a well thought out conclusion on the best places to retire in the USA.

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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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49 COMMENTS

  7. I wouldn't want to live in any of your top 5 and I am retired. You never spoke about things that are really important, such as hurricanes, tornadoes, flooding, fires, etc. Taxes, property, homeowners, city, state, cost of food, other people retirement age, etc. I know your video cannot be too long, but you spent almost half of your time discussing Hawaii. Poor content IMO

  8. The problem with this analysis is that people don't live in "States". People live in Cities and Chicago is in Illinois and Detroit is in Michigan and those two cities are extremely dangerous. Affordability, health care and culture don't mean much if your dead.

  9. I’m staying In Ohio, has the same weather as Wi,Il,Mi,parts of WV… out in the countryside beautiful and basically the same culture as the states previously listed. Lots of deals for sr citizens, big cities, theater, museums, etc are around an hour away,by car…some closer…but referring to the big cities. World class healthcare Cleveland Clinic, University Hospitals, Ohio Health,Anita…all have satellite facilities scattered all over the state. Affordable housing, taxes may be more but retirees get a break in income taxes even at the state level. If I had to move out of state,I’d probably choose Mi .

  10. Colonel Sanders… can't help but smell fried chicken when you see his image. Terrific stats and presentation, as always. Friends in real estate reported that last year, they had a huge influx of buyer clients here in Alabama from all over the country. Buyers for my mother's home were moving back here from Ecuador. They had moved there when he sold his business and retired (so they could live off of SS easily) but eventually became frustrated with the inability to communicate/language barrier in every day errands & life. (Sorta thought one might consider that before making such a leap.) However, they landed where they could easily pay cash for a home in a decent neighborhood, and referred other friends to the area. Found that very interesting!

  12. Colonel Sanders hero of fried chicken! When I was a child growing up in Miami, We called it Paley`s. Not sure why, maybe it was the franchise's name? Either way, getting fried chicken from there was a big deal!!

  20. What Ted E. Bear said, he hit the nail on the head, Florida is dependent on where you live, even tho I live in Cen. Fl, real close to Cape Canaveral, I really like No.Fl alot less hustle an bustle outside of the bigger citys an a little cheaper to, medical is the only problem in the sticks outside the big citys in the north.

  24. Colonel Sanders, of course.

    One thing that is becoming more and more important, and that you really can't, in your position, discuss, is political climate. A place could have the lowest (reported) crime rate, and the best afforidibility, but if its politics are anathema, it will never be a good place to retire.

  25. I wouldn't be so quick to discard states with younger average ages as you're going to want to have a large pool of workers to draw from to service your needs, everything from home repair to dining to health care. Additionally, interacting with younger people is beneficial to retirees. You also accidentally switched Wisconsin and Illinois 😉

  29. I guess numbers can lie or not tell the entire story. Illinois #3, no way will I ever believe that. I lived there for 56 years, left earlier this year for Florida. I lived downstate, and while our housing costs were low, property taxes were insane. Chicago has a big crime problem, but it's getting worse downstate, many of the larger cities outside of Chicago are seeing increases in crimes of all types, including murder. Forgot to mention overall taxes in Illinois are high, and not getting better. Plus, the weather sucks, have a brief nice period in spring and fall, then it is either too hot or too cold. There is a reason the state is losing so many people, and I don't regret getting out when I did.

  30. Very interesting video. I know Mississippi always gets dumped upon but my daughter went to college there and got her Masters. She then got her first job at the University of Memphis, stayed for a year and couldn't wait to get out of the area, way to dangerous. I was thrilled when she decided to quit her job and Move. Where did she move, back to Mississippi along the Gulf coast. She loves Mississippi and the people are extremely friendly. I'm from NY so it almost seems like a trick. I've been down there twice now and I gotta say it's a pretty nice place. A lot of people retire down there and it seems to have everything you need. It is different then the rest of the state just like many other ocean or Gulf towns are different than inland areas . She researched it but had visited before and believe me I researched as well when she said she wanted to move down there. Yes it's Hot for 2/3rds of the year but the Winter is mild. I also think it is important to move near an airport, Gulfport Mississippi has a beautiful airport that takes 5 minutes to get through security. When you retire you want people to visit and you still want to visit people. Like any coastal area you need to watch the weather but that's like all of the East and Gulf coasts

  43. Only thing I disagree with and ruins the selection is avg age selection. Retires do not necessary want to live with other retirees. I'm old, I do not want to be around other old people. I and many my age (60's) want to be around younger people. Now what should have been considered is political persuasion. I would rather live a in a State that is closer to my political beliefs than not.

  46. Nice video, but all three states are where the Winters are bad. Nope! Staying in Texas. I don't have to put my rear wheel drive high horsepower daily driver away for months at a time every year.

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