Photo: gobankingrates.com

Nearly 25% of non-retired adults have no retirement savings or pension plan in place, but they will eventually retire. So where’s the best place to do that?

The personal-finance website WalletHub recently released its report on 2019’s Best States to Retire, comparing safe, enjoyable and wallet-friendly places to call home.

The top 10 best places to retire were named as follows:

  1. Florida
  2. South Dakota
  3. Colorado
  4. New Hampshire
  5. Virginia
  6. Utah
  7. Iowa
  8. Wyoming
  9. Pennsylvania
  10. Minnesota

The worst state was Kentucky, followed by Rhode Island.

Georgia came in at No. 30.

Source: WalletHub


Other findings:

*     Arkansas has the lowest adjusted cost-of-living index for retirees, 85.95, which is 2.2 times lower than in Hawaii, where it is highest at 188.34.

*     Louisiana has the lowest median annual cost of elderly housekeeping, $36,608, which is 1.8 times lower than in Washington, where it is highest at $64,064.

*     Alaska has the highest share of the population aged 65 and older still working, 23.37 percent, which is 1.8 times higher than in West Virginia, where it is lowest at 12.83 percent.

*     Florida has the highest share of the population aged 65 and older, 19.40 percent, which is 1.9 times higher than in Alaska, where it is lowest at 10.10 percent.

Read the full study here.

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