The 5 Best States to Retire During TURBULENT Financial Times

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  • Опубліковано 30 вер 2024
  • 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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КОМЕНТАРІ • 647

  • @EleanorMabel
    @EleanorMabel 3 місяці тому +433

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @Elliot-Ivan
      @Elliot-Ivan 3 місяці тому +1

      I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

    • @EleanorMabel
      @EleanorMabel 3 місяці тому +1

      @@Elliot-Ivan That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @Elliot-Ivan
      @Elliot-Ivan 3 місяці тому

      @@EleanorMabel My advisor is Victoria Carmen Santaella

    • @imohimoh3441
      @imohimoh3441 3 місяці тому +1

      @@Elliot-Ivan The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?..

    • @Elliot-Ivan
      @Elliot-Ivan 3 місяці тому

      Nah I Can't say I can relate, Victoria Carmen Santaella charge is one-off and pretty reasonable when compared to what I benefit in returns.

  • @mvp019
    @mvp019 2 роки тому +71

    One problem in the USA is that no matter where you live, medical care is never affordable. The criminal cabal between legislators and the medical industry (Pharma, Insurance, and facility-owning corporations) has created a complete mess for the country.

    • @freedomlife3623
      @freedomlife3623 2 роки тому

      Talk to your GOP congresspersons and senators. They are the ones against universal health care.

    • @zoomzoom3950
      @zoomzoom3950 2 роки тому

      c'mon man, you know our ruling elites need to send our tax money overseas so they can launder it more easily. Zelensky's Folly is just the latest after Syria, Afghanistan, Iraq, Libya,...

    • @mares3841
      @mares3841 2 роки тому +4

      So true. I couldn't believe that I was charged nearly 500 bucks to cover office overhead - like renting a motel room by the hour?! - for the few minutes that my dermatologist to spray a few spots on my face. Then I was of course also charged for doctor's time, etc.

    • @mvp019
      @mvp019 2 роки тому

      @@mares3841 A friend of mine was telling me about his father being in the hospital for a couple of weeks before he passed - the bill was over $500,000! Now Medicare picked it up most of that, but it points to a huge part of the problem: the fact that he stated this to me like it was "normal" and the fact that CMS is getting ripped off by the medical industry, which ultimately affects all retirees and taxpayers.
      This country has turned into one giant grift. We have the best government money can buy.

    • @laurend3607
      @laurend3607 Рік тому +4

      @@mares3841 It sounds like you had cryotherapy to remove spots, skin tags, keratosis, etc off your face. NO INSURANCE covers that. You should have checked with various dermatologists to find out their price to do that then go with the cheapest, or with the one you felt was the most competent. When something isn’t affecting your health, it will be an out of pocket expense. You can’t complain about that.

  • @theresarowe1656
    @theresarowe1656 Рік тому +44

    Left Michigan and retired in Vermont. Great decision for us. Low crime, low cost insurances. Beautiful seasons, active community. Would like warmer weather, but didn't have that in Michigan, either.

    • @mumseyllama
      @mumseyllama Рік тому

      Welcome! From a flat lander who's lived in Vermont for 20 years.

    • @MrCPPG
      @MrCPPG Рік тому +1

      Visited Vermont in 2014. The fellow at the tourism office was folksy but the average folks were rather cold.

    • @davidd34
      @davidd34 Рік тому

      @@MrCPPG probably the weather affecting their personality.

    • @RogerL
      @RogerL Рік тому +2

      I would add climate as an important variable. Moved to Vermont two years ago. It is chilly for a few months but seemingly less then it used to be. Under climate change, the northeast is expected to warm up. As the south and west heats up a lot.

    • @WoodworkerDan
      @WoodworkerDan Рік тому +1

      I almost did that. I was living in Grand Rapids, and ended up retiring near Alpena, but I almost went to Brattleboro, Vermont.

  • @Ted_E_Bear
    @Ted_E_Bear 2 роки тому +74

    Harland David Sanders was an American businessman, best known for founding fast food chicken restaurant chain Kentucky Fried Chicken and later acting as the company's brand ambassador and symbol. His name and image are still symbols of the company.

    • @JohnJohn-wr1jo
      @JohnJohn-wr1jo Рік тому +5

      Best known yes, but most interesting fact is that he moved his wife out of the main house and moved a waitress in. Wife continued to run the restaurant. Whole new meaning to finger lickin chicken

  • @JBoy340a
    @JBoy340a 2 роки тому +12

    Property tax rate should be a factor, and how they change over time, especially for people of retirement age. Property tax cuts into your life style when you retire.

  • @lukemn29
    @lukemn29 2 роки тому +15

    An isolated island in the South Pacific sounds great right about now.

    • @skepticalmechanic
      @skepticalmechanic 2 роки тому

      Until war that is…

    • @peterschorn1
      @peterschorn1 3 місяці тому

      There are people already there. And they don't like you.

  • @Crazyreseller
    @Crazyreseller Рік тому +7

    I take serious issue with Illinois being on your list. I live here and it’s expensive! The property taxes are insane. Cost of living is high as well. Further evaluation is needed.

  • @joachimmilberg2313
    @joachimmilberg2313 2 роки тому +36

    📌Do what everybody else is doing if you are okay with only having what everybody else has.Information that will pay you everyday, you've got to stop saving all your money.
    Venture into investing some, if you really want financial stability.
    Choose to grow and elevate your mind by studying audios, videos, attending conferences that will give you the edge!

    • @debbiecowdrey1358
      @debbiecowdrey1358 2 роки тому

      Investment guidance sounds like a great idea,thought about it before but never knew how to go about it.

    • @ernestradner156
      @ernestradner156 2 роки тому

      @@debbiecowdrey1358 I used to invest on my own because of making your money work for you mentality but never made any progress until I sought the guidance of Juan Antonio Landa and she has made me understand that strategy is everything.

    • @margaretheemilia4141
      @margaretheemilia4141 2 роки тому

      Wow…..Juan Antonio Landa?

    • @harrisvangeest5134
      @harrisvangeest5134 2 роки тому

      I basically follow her trade pattern and haven’t regretted doing so.Hence I can confidently say I’m impressed by my returns so far.

    • @masonwilliams810
      @masonwilliams810 2 роки тому

      @@harrisvangeest5134 This is refreshing coincidence,she has been handling my trade, it’s been a year now and the experience has been amazing.

  • @Iceaxehikes
    @Iceaxehikes 2 роки тому +4

    My state; Wyoming, made the list.
    Shhh.. don't come here. Scary wildlife will eat your baby and your tears will freeze to your face.
    Go to Illinois instead.

  • @michaelfortney7510
    @michaelfortney7510 2 роки тому +9

    Central Illinois where I live is great. But Chicago is a very dangerous city as is East St Louis. But in between those cities it’s very affordable. But the state is run by organized crime in Chicago.

    • @timothykeith1367
      @timothykeith1367 Рік тому

      I like downstate Illinois, housing is affordable. I live in South Texas now

  • @vinyl1Earthlink
    @vinyl1Earthlink 2 роки тому +12

    A lot of affordability depends on your personal situation. If you live in an expensive state, but you bought your house many years ago and paid it off, and you live in a town with low property tax, you may have a great deal already. Studies have shown that retirees spend about 40% of their income on housing, so if your housing costs are very low you might consider staying put.

  • @terrimykland1621
    @terrimykland1621 10 місяців тому +5

    I'd love a version of this video showing the top 5 states that fit these criteria with moderate weather - I want to be able to walk outdoors year round - better for health, saves on utilities - great for retirement.

  • @susanrushin7002
    @susanrushin7002 2 роки тому +16

    Surprised that.state income tax rates weren’t a factor.

    • @commonsense6967
      @commonsense6967 2 роки тому +4

      I know!

    • @RoadieWingZZ
      @RoadieWingZZ 2 роки тому +1

      Agreed. State income tax is defined a no-go for me and in most states it’s significant.

  • @stevezoleski8844
    @stevezoleski8844 2 роки тому +6

    What are 6 through 10? I wouldn't consider the top 5 as retirement destinations for most people.

  • @garychristison763
    @garychristison763 2 роки тому +13

    I liked this and don't have any problem with your conclusions. It's just that I can't help but think about the regional differences that exists within states. There are a lot of good examples. Is the panhandle of Florida that much different from southern Alabama and should you lump in the panhandle with south Florida? In Hawaii, the big Island is a little different from the other islands. Most people split Texas up in to about five different regions, all with their advantages and disadvantages. I think it wouldn't be doing your homework if you made a decision just based on the name of the state you are considering.

    • @jaindeau772
      @jaindeau772 2 роки тому

      Even in West Virginia, which is small, there are huge differences. Unlike many parts of the state, Morgantown has excellent access to health care, but access doesn’t mean affordable. Housing is only slightly less expensive than where I live outside Washington, DC (though property taxes are significantly lower), and groceries are actually higher. Although it may make sense for me to move to WV someday to be near family, for the short term, I think I’m just as well off financially staying where I am, and I do enjoy some benefits from my high property taxes. Not to mention access to international airports and other pluses that make retirement much better.

    • @mrspunk61
      @mrspunk61 2 роки тому

      so true

  • @carolynt.4455
    @carolynt.4455 2 роки тому +5

    Is there a place where all these statistics are available? When you got to “we want to retire around other old people” you lost me. As you said earlier, everybody has different priorities.

  • @jonathanjacques7250
    @jonathanjacques7250 2 роки тому +5

    All these states but 1 are cold weather. No thanks.

  • @PippyKatStamper
    @PippyKatStamper Рік тому +10

    Colonel Harland David Sanders - the iconic image behind Kentucky Fried Chicken. His life story is a perfect example of the tenacity and hard work that paved the way for so many fledgling entrepreneurs. This video is very timely in that I am just starting to plan on where I want to retire in the next two years. Sadly, the five states mentioned are no where near my radar - but the information you have provided to reach the list of five is outstanding!! Along with affordability and safety, I would want to add tax information; active adult community; friendliness; drivability and weather. Part of my research at the moment is finding active senior condos/apartments in a variety of states. Like you said early on in your video, it would be nice to live near people my own age with similar interests. Thank you for ALL of your very informative and helpful videos. Really appreciate the time you take to educate your followers!!

  • @chumbawumba1959
    @chumbawumba1959 2 роки тому +2

    No, you can experience "liberal policies" and "major crime" in MOST MAJOR CITIES!!!!

  • @Canon1DMkII
    @Canon1DMkII Рік тому +4

    Evaluating states to retire by simplifying to several objectives is interesting but fatally flawed. Not everyone weights the criteria equally. Seeing the states selected here proves this point using my objectives.

    • @HolySchmidt
      @HolySchmidt  Рік тому

      As noted in the video, the criteria are based on those listed, with affordability and safety being the top areas in this video. Of course if those criteria don’t fit your personal preferences/circumstances then adjust as necessary.

  • @PianoMatronNeeNee
    @PianoMatronNeeNee 2 роки тому +6

    I’m in south Florida. While the weather is great , crime and cost of living is bad!

  • @clwest3538
    @clwest3538 2 роки тому +14

    I have really learned a lot from your vids! Thank you! I'm a couple years out from retirement.
    As you stated, the criteria is personal. Personally, I would not want to be trapped on a large collection of volcanoes located miles out to sea (I don't care how 'wonderful' it is!) nor a spongy, alligator ridden, swampy, hurricane prone peninsula - all that water! Not a strong swimmer and after having the sand sucked out from under my feet and landing on a stinking pile of kelp as a kid on a CA beach, I gave up the ocean (well, any body of water actually like lakes etc) - I like to visit, but not live there. Additionally, getting a crick in my neck trying to see the sky doesn't interest me either so mountains are out for me. But then, I'm a flat-lander who loves watching the sky & weather, working with my horse and a 'southwest US lite" lifestyle. Living in OK I have found the weather and the medical to be quite adequate (within reason - 3 day springs & autumns are a bit nuts) - but I am generally healthy, outdoorsy type; and it helps that my extended family live within a 2 mile and/or 3 hour driving radius.

    • @jstravelers4094
      @jstravelers4094 Рік тому

      "Living in OK"????
      If you're living in Oklahoma, you're in one of the top 5 worst states for medical.
      And a relative of mine confirmed this!

    • @clwest3538
      @clwest3538 Рік тому

      @@jstravelers4094 Guess that depends on what you want/need medically and your relationship with your healthcare provider. Its that whole 'personal' thing.

  • @Seniormexico1968
    @Seniormexico1968 2 роки тому +7

    Thanks for the video! None of the top 5 would be in my retirement list!

  • @JL-hn6hi
    @JL-hn6hi 2 роки тому +6

    A state with a large group of working younger people paying taxes would seem a good thing, not only because they are a group of tax payers but also because health care needs health care workers.

    • @deepsea5107
      @deepsea5107 2 роки тому +3

      And interacting with a younger demographic might do wonders to keep your mind sharp.

  • @willjay916
    @willjay916 2 роки тому +25

    Geography doesn't solve problems because wherever you go, there you are. Grow where you are planted. At retirement you need your MD, your attorney, your accountant, and a community that sustains you. You will need to pick and choose how you allocate your ime, talent, and resources, but you've been doing that all along.

    • @davidd34
      @davidd34 Рік тому

      I don't have any of the 4 you mentioned and I'm fine with that no matter where I live. Grew up in military family. Figure so far I've moved 75 times and no place is home. Missed stability growing up like a lot of people have growing up
      in one place. No friends cause either they or I moved.

  • @darryljones215
    @darryljones215 2 роки тому +5

    As a resident of Illinois I can tell you people are leaving in droves as the crime here is off the charts. So I absolutely do not agree with that pick.

    • @HolySchmidt
      @HolySchmidt  2 роки тому

      I hear you. I went to business school at Kellogg and have family there, but the numbers refer to the state as a whole not Chicago

    • @dougb8207
      @dougb8207 2 роки тому

      I live in Illinois, but haven't been into Chicago in years. "Leadership" is very poor and crime prosecution is almost nonexistent. The new state-wide SAFE-T act due to come into affect Jan 01, 2023, is frightening, wherein many will not be required to post bail to go back onto the streets before trial.

  • @texasson7950
    @texasson7950 Рік тому +3

    Everyone has different factors that determine where they want to retire. I have lived in every geographical region within the U.S., and I have visited all fifty states. Your recommendations are mostly states that experience LONG, COLD winters, meaning SEVERAL months. Those choices don't appeal to me. I've lived in regions with long, cold winters, and I've done my share of shoveling snow and scraping ice off of my windshield for long periods of time. No, thank you!

    • @DrSchor
      @DrSchor Рік тому

      Don't be such a cantankerous curmudgeon. Snow is fun. Kids love it. Sledding. Snowball fights. Make a Frosty the Snowman. Make a snow angel. Ice skating. Make a fort. Sleighrides with sleighbells. Roasting chestnuts on an open fire. For adults, there is snow that stays on your nose and eyelashes, and skiing. Everyone dreams of a White Christmas. Shoveling snow is excellent exercise, out in the fresh air, it is low impact core building , lifting weights, and cardiovascular all at the same time. Where else you gonna get that? Build your retirement by investing money otherwise paid to a smelly indoors gym. Heated windshields and wipers only take one minute to clear ice. Best part: All that outstanding entertainment, exercise and retirement fund building lasts for SEVERAL months! What's not to like?

    • @Gigi30107
      @Gigi30107 Рік тому

      I've never been far from my tiny town in north ga. Kinda scared to move. It's getting outrageously popular and expensive. What did you find out there traveling around?

    • @texasson7950
      @texasson7950 Рік тому +1

      @@Gigi30107 My father had a military career, so we moved around the country and abroad during my childhood. During my own career, I've lived all over the country and overseas. Every place has its pros and cons, and every person has his/her preferences. If you decide to move, keep a positive attitude, look for the good and be able to ADAPT to a new environment and culture.

    • @Markazoid6041
      @Markazoid6041 Рік тому +1

      I feel the same way about winter. And I also would not want to be away from the ocean. they’re all in the center of the country. I’ve been to 48 states and the lower East Coast is where I would like to retire to , not too far from the mountains and the ocean and you don’t have to deal the extreme weather.

  • @danherrick5785
    @danherrick5785 2 роки тому +7

    Video starts at 12:08...

  • @Zues64
    @Zues64 2 роки тому +5

    "lack of crime?" ha. Without unity from our political "leaders" to support law and order, lack of crime is but a wish

  • @highbrass3749
    @highbrass3749 2 роки тому +26

    Crime rates are a little deceptive now because certain places stopped reporting their crime that is committed by certain people. Just a heads up.

    • @BillGreenAZ
      @BillGreenAZ 2 роки тому +8

      Attorney generals in some states aren't prosecuting certain types of crimes anymore, either. Those crimes don't get included in the numbers.

  • @ytr8989
    @ytr8989 2 роки тому +10

    The winters are bad in all but one, being West Virginia, but it’s also quite humid in the summer.

    • @drbethekoch6295
      @drbethekoch6295 2 роки тому +1

      An ice storm every winter for those living in the West Virginia "hills" is a lot more dangerous than a giant dump of snow up to 18" in a 50 degree below zero Minnesota winter.

    • @JohnJohn-wr1jo
      @JohnJohn-wr1jo 2 роки тому +1

      WVA has long miserable winters.

  • @Reload77725
    @Reload77725 Рік тому +1

    Wisconsin?? Illinois?? Michigan? You've GOT to be kidding me. You'd have to PAY ME to live in ANY of those places.

  • @nancydennis2513
    @nancydennis2513 2 роки тому +1

    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

  • @vivathecat7052
    @vivathecat7052 Рік тому +1

    Thanks for this but I would never live in any of the places you mentioned. I don't care how safe and affordable. Too little diversity, generally boring and lacking in culture and worst of all too much snow!!!

  • @mrallan8063
    @mrallan8063 2 роки тому +8

    Typically, the lower the cost of living, the higher the crime rate. I would add that regional politics can be critical in someone's choice where to live. If you have strong political views, doing some homework about possible neighborhood, city, county, and state would be worthwhile.

  • @Jabber_Wock
    @Jabber_Wock 2 роки тому +9

    Curious to know where my state stands. Would it be possible to list all 50 states per the criteria you desc, it being understood that other factors also should be taken into account such as climate and family? It would be nice to know. Thanks for the great videos btw!

    • @vcp93
      @vcp93 2 роки тому +1

      Or at least the top 10. 👽👍

  • @freeman7296
    @freeman7296 2 роки тому +5

    I like traveling the country via car - being stuck in Hawaii wouldn't work.

  • @fearthesquirrels9428
    @fearthesquirrels9428 Рік тому +2

    I'm moving from San Diego to South Carolina beach area. I don't like any of your suggestions just because the cold weather is not compatible with retirement

    • @Gigi30107
      @Gigi30107 Рік тому +1

      Wow sc beach area....lucky you heavenly....

  • @pbickley1
    @pbickley1 2 роки тому +6

    I’ll pass on all of those….

  • @marymartin9430
    @marymartin9430 Рік тому +1

    Colonel Harland David Sanders (KFC) was a American business man.

  • @jeroldpaquette9068
    @jeroldpaquette9068 2 роки тому +2

    Col SAnders.
    I will stay in Mass; your top 5 just are not close to desirable!

  • @nancychilton2366
    @nancychilton2366 2 роки тому +5

    These “simply numbers” game always cracks me up. There are pockets in each state that you would and wouldn’t want to live in. Lumping crime rates from cities into these numbers do nothing but skew results. In my county, I am 90 miles away from the city that has a high crime rate but skews results for the entire state. I live by the beach, have low taxes in a relatively temperate climate. In case I need comprehensive healthcare to treat serious illness, I live close to major healthcare hubs. I’m not sharing the state because I want to keep this locale a secret.

  • @Wilfredos_
    @Wilfredos_ Рік тому +1

    Forget it! Really: West Virginia! You really!! Health care: really! It is right there with Mississippi and Arkansas! No employment, higher high school graduation rate in the country: low standards!!! Really!!

    • @DrSchor
      @DrSchor Рік тому

      Help me understand: what is wrong with a high graduation rate? Thanks.

  • @pensacola321
    @pensacola321 2 роки тому +21

    The five mentioned states are the "No Thank You" states...

    • @BillGreenAZ
      @BillGreenAZ 2 роки тому +4

      There's a reason the cost of living is so low in those states. No one wants to move there!

    • @theresa4bar
      @theresa4bar Рік тому +5

      That is why we moved to Spain. Good weather, reasonable housing, fresh vegetables and fruits, public healthcare, low crime.

    • @cecilehaslam7536
      @cecilehaslam7536 Рік тому +1

      @@theresa4bar what part of Spain are you in?

    • @theresa4bar
      @theresa4bar Рік тому +3

      @@cecilehaslam7536 I live on Catalunya (Northeastern Spain, just below France).

  • @kimsw9778
    @kimsw9778 Рік тому +1

    None of the states are appealing. Go where your happiest and can afford

  • @alicemallen8997
    @alicemallen8997 2 роки тому +1

    None of those five states have an appealing climate. Too cold.

  • @timwitcher3699
    @timwitcher3699 2 роки тому +7

    I appreciate this list and would love it if expanded it to the top 10 or 20.

  • @mvp019
    @mvp019 2 роки тому +5

    West Virginia levies income tax on Social Security - was that factored into the affordability?
    For the record - these are the 12 states that collect income tax on SS: Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, Rhode Island, Utah, Vermont, and West Virginia.
    For me, that is pretty much an automatic eliminator.

  • @jstravelers4094
    @jstravelers4094 Рік тому +1

    Does anybody really not recognize Colonel Sanders?

  • @scottginter4962
    @scottginter4962 2 роки тому +5

    Love your videos! I thought it was very interesting to hear you lived in Hawaii as a child and that your father was a helo pilot. I also lived at Schofield Barracks as a 10 year old (1973-1976) And my father was a helicopter pilot, 2 tours in Nam. Hawaii was definitely my favorite tour! Waianae was the best beach on the Island in my young memory. North shore came in 2nd. Keep up the great videos and Shaka brah!!! Col Sanders!!!

  • @tompGA
    @tompGA 2 роки тому +1

    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.

  • @susanmarie2231
    @susanmarie2231 11 місяців тому +1

    Yay Michigan! I’ve lived here all my life and at age 68, I’m not going anywhere.

    • @rjh2772
      @rjh2772 7 місяців тому +1

      What part of Michigan

  • @thullraven1
    @thullraven1 2 роки тому +1

    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.

  • @Rdominca
    @Rdominca 2 роки тому +13

    I liked both this video and the one about living outside the US. I am a little too far out to have plans in fine detail, but I like the idea of having it both ways and spending part of the year in the US (e.g., Iowa or surrounding Midwest states), and part of the year in Bogota or the surrounding area (family considerations in both cases). Sort of a snowbird 2.0. In order to benefit from, say, living 6 months as an expat, I would need to figure out how to arrange housing expenses and how to set up medical arrangements to serve and benefit in both parts (e.g., try to get most our medical care outside the US, not spend more than we have to on Medicare, but not cut off options if we spend the later phase of our retirement primarily in the US). On the housing side, it would be interesting to hear a video on whether retirees have managed to use airbnb or other house-sharing arrangements to address such challenges.

  • @toonjie
    @toonjie 2 роки тому +17

    This is the problem with choosing just based on statistics. I’ve lived in or traveled extensively through all five states you named as the top, but I wouldn’t want to live in any one of them! Taxes and cost of living would be the number one factor along with weather.

    • @robcleeton2606
      @robcleeton2606 2 роки тому +4

      I have to agree with you. We just fled Illinois because we didn't want to retire there.

    • @BLaw707
      @BLaw707 2 роки тому +3

      @@robcleeton2606 If you are actually retired in Illinois you don’t pay income taxes on pensions or 401K distributions. Just need to move outside of the Chicago metro area to get away from high property taxes.

    • @chezellis
      @chezellis 2 роки тому

      Good point. Also a city in a state is not necessarily indicative of the whole state. NYC is what everyone thinks of, but I'm sure it's much more idyllic somewhere like Indian Lake, in upstate.

  • @mrmichaeltscott
    @mrmichaeltscott 2 роки тому +1

    This guy never been to Chicago. This whole video got to be bogus.

  • @todddunn945
    @todddunn945 Рік тому +17

    A number of those criteria are rather mutable. Crime rate varies a lot within a state with big cities generally more dangerous than small towns. Cost of living is also extremely variable from place to place within a state. I am in Maine and there are places here where you can still buy a house for $35K and other places where $1M will get you a renovated garage. A big factor for many people is state taxation. I include income tax, property tax and state/county/city fees in that category. Depending on how a retiiree's income is structured, a low income tax state may be a big factor in affordability.
    I think you left out a huge factor - Lifestyle. For example, I am a lifelong boater and simply could not be happy in an inland state. Perhaps that falls into your culture category. In my case, is the overriding factor with weather a close second (I hate hot weather). When I consider those factors alone I am restricted to Washington, Maine, Massachusetts, Rhode Island and MAYBE Connecticut although it is pretty hot there in the summer..

    • @patlynch6517
      @patlynch6517 Рік тому

      Excellent choices!
      Surrounded by Red Sox fans, or Mariners fans - you can’t go wrong!

    • @todddunn945
      @todddunn945 Рік тому

      @@patlynch6517 Well sports fans are a negative in any location, no matter that their variety.

    • @icedteamama176
      @icedteamama176 Рік тому +1

      Hate hot weather too…TN no state tax 😊

  • @johngill2853
    @johngill2853 2 роки тому +5

    "People have lost 20 to 25% of their net worth"
    I wouldn't think many people have all their net worth in the stock market.
    People own homes, own bonds, have cash reserves, hold gold etc etc

    • @dbdouglas
      @dbdouglas 2 роки тому +1

      I think he said, "for some".

    • @johngill2853
      @johngill2853 2 роки тому

      @@dbdouglas his exact words were in many cases. And I believe it's very unlikely.
      Most people don't have all their net worth just in stocks

    • @dbdouglas
      @dbdouglas 2 роки тому +1

      @@johngill2853 I agree. And I have zero in stocks. 680k + in "the bank", *That's approx. 3/5 of my net worth, personally.

  • @halpinmatthew
    @halpinmatthew Рік тому +1

    The Colonel who puts a chemical in his chicken to make you crave it fortnightly 😅

  • @CarlasLovingWife
    @CarlasLovingWife 2 роки тому +2

    I did not expect to see Col Sanders. That just made my day!

  • @gerrydickson8135
    @gerrydickson8135 Рік тому +4

    Just like you mentioned for crime IMO health care can vary within a given state.
    You mentioned Alabama as one of the 5 worst in this category. However I live in Huntsville & have to use various medical facilities over last several years. I have also lived in various parts of the country.
    I consider Huntsville medical facilities to be very good & on par with many other large cities. Not sure about the rest of Alabama

  • @michaelfredzich3097
    @michaelfredzich3097 2 роки тому +5

    I am old enough to remember when Colonel Sanders was just getting Kentucky Fried Chicken started. Believe it or not, his first franchise was in Utah, which is where we live, and we love being retired in the state with the youngest population. It is a definite plus for us. We watch our neighbor's young children playing in a park-like conglomerations of back yards that are not divided by fences or social barriers. They are like "extra" grandchildren for us!

    • @BillUtah
      @BillUtah 2 роки тому

      Too bad that Utah is not tax friendly to retirees. 👎
      3900 south and State street was the first one.

  • @puravida5683
    @puravida5683 2 роки тому +1

    Sadly, Native Hawaiians are being priced out of their own land! People seem to ignore, Hawaii has it's own government and elected members. Hawaiians suffered the same fate as Native Americans, their lands were stolen.

  • @jeffb.2469
    @jeffb.2469 2 роки тому +1

    I love your videos, but this one is a joke.

  • @generitaldato794
    @generitaldato794 2 роки тому +3

    I appreciate all that you do to keep us informed on money matters. That said, numbers and statistics can be misleading and don’t tell the whole story. This analysis paints with a broad brush. There are huge differences with these metrics within each of the mentioned states. For example; in Florida, the cost of living difference from Miami/Ft. Lauderdale area and the Ocala Gainesville area is substantial.

  • @walterbazarewski2496
    @walterbazarewski2496 2 роки тому +4

    Great information on the top five. As I read in another comment, it would be great to hear what the top 10 are. Also, being a visual person, it would be great to see the states on your white board. This will allow people to take a picture of the top five or ten, if you do one. Allowing people to see the list at all times. Again, thank you for the information.

  • @jjgreek1
    @jjgreek1 Рік тому +1

    California, if you've paid off your house. Great weather, the most beautiful state in the country, beaches, forests, mountains, deserts, and the best fishing in the country.

  • @LeonardBottleman
    @LeonardBottleman 2 роки тому +14

    I would be interested to see where you found the US healthcare system rated so high. The best ranking I could find was 18th, with most rankings placing us in the high 20s or worse and that is mostly due to the insane cost of healthcare here. Anyone who has priced international health insurance knows that coverage costs quadruple if you include the US in your policy. I have been to all of the states that made your list, and would never move to any of them. In fact I would never return to any of them for just a visit. I just don't like the culture and climate there.

  • @Ithumpify
    @Ithumpify 2 роки тому +3

    I live in DeSoto County Mississippi and I think I'll stay here for now.

  • @greggibbs3639
    @greggibbs3639 2 роки тому +15

    Hawaii is expensive. It is also incredibly isolated as to food, fuel and other practicalities. A serious supply problem will strangle anyone on islands.

  • @brianc.612
    @brianc.612 2 роки тому +1

    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.

  • @TM-li7bl
    @TM-li7bl Рік тому +1

    No to all five states for me!!!

  • @kburkes4245
    @kburkes4245 2 роки тому +2

    Brrr. Would not live in those northern states because of the snow. And about Arkansas - I live in northwest Arkansas, home of Walmart, Tyson foods, Sam's club, JB Hunt trucking, and other Fortune 100 companies. They drive the area to have great healthcare, culture, etc. Affordability is relative - it's getting more expensive to live here, but nothing like the coasts. And we have great four seasons in the Ozark mountains.

  • @garyschlagel995
    @garyschlagel995 2 роки тому +3

    THANKS, JEFF! FOR THE INFORMATIVE INFORMATION! AND THE PICTURE OF YOUR DAD WITH THE COLONEL!

  • @markbajek2541
    @markbajek2541 2 роки тому +2

    Some people might want to be driving along lakeshore drive looking at the ocean but more than likely they are looking at a lake.

  • @RaymondDiGiacomo
    @RaymondDiGiacomo 5 місяців тому +1

    Colonel Sanders

  • @jimfarmer7811
    @jimfarmer7811 2 роки тому +3

    It looks like you didn't even consider my home state of Iowa. Iowa has a lower cost of living than than either Michigan or Illinois. It also has a lower crime rate than either state. Just one example I pay $2,300 per year for property tax on my acreage while a similar property would cost $9,000 per year in Illinois.
    It's true that winter is nasty in Iowa but the same can be said of Illinois and Michigan. The medical care is probably better than either state as well.

    • @bryantsherman7263
      @bryantsherman7263 2 роки тому

      Disabled Vets rated 70% or greater pay no property tax in Illinois.

    • @katydid2877
      @katydid2877 2 роки тому +1

      Shhhhhh … You are totally correct. I live in a state that borders Iowa. Same deal, low crime, low cost of living, etc. But, to be honest, I just moved (escaped) from AZ and I’d rather not broadcast a great state/city/area and get overrun by people fleeing “other areas”. I’d rather stay off the radar.

  • @stevenx2414
    @stevenx2414 2 роки тому +2

    One category he left out is natural disasters. The Western USA is currently experiencing a drought and may face drought conditions for years to come because of climate change. That means a lack of water for drinking, a lack of water for the environment (which spawns wildfires), and a lack of water to spin the generators in hydroelectric plants (translation: no electricity to light and power your house). So, perhaps Wyoming should be removed from his list.

  • @joycegonzales4994
    @joycegonzales4994 2 роки тому +5

    I live in NM and I think your probably right on safety.

  • @keithv7191
    @keithv7191 2 роки тому +1

    Col. Harland Sanders.

  • @SunvalleyMetaphysical
    @SunvalleyMetaphysical Рік тому +1

    The Colonel Sanders

  • @AhJodie
    @AhJodie 2 роки тому +6

    Wow, you did a lot of work here, it is appreciated and thank you! The man with your dad is Colonel Harland David Sanders. I live in Wisconsin, and so this news makes me feel happy being here, and retired, and having my house paid for. Probably the most unsafe I feel here is driving, due to weather conditions such as ice, snow, thunderstorms, hail, and some of the freeways. Besides that, the little town I live in is pretty safe. The other big problem here is a lot of alcohol consumption which can lead to accidents and a lot of domestic violence. The state as a whole is incredibly beautiful with many state parks, lots of culture, and many different things to do, eat, and enjoy. There are even UFO sightings here.

    • @veronicaacosta6577
      @veronicaacosta6577 2 роки тому

      Where in Wisconsin do you live? Thinking about moving back from the west coast

    • @AhJodie
      @AhJodie 2 роки тому +1

      @@veronicaacosta6577 I don't get too personal on here...but the lower part. I don't know what part of the West Coast you are from... But I am from Wisconsin and have lived in Oregon and California. I miss the growing season and fresh fruits and vegetables year round. I also miss the warmer weather when it is cold here. But... I would tell you to go for it.. before it gets too cold. The thing is you can always move back. There are lots of jobs and you might love it.

    • @veronicaacosta6577
      @veronicaacosta6577 2 роки тому +1

      @@AhJodie thanks Jodie. I lived in California for 30 years but went to school in Madison, Wisconsin prior to moving. I bought a home there but wondering about the weather.. true… could try it out and always go back… good to have options

    • @AhJodie
      @AhJodie 2 роки тому +2

      @@veronicaacosta6577 Madison is bigger and more expensive than my town but a fun place to do lots of stuff. Today the weather is perfect for me. If you went to school here then you know about the weather. Coldest month is usually January. But I have had heat on in the evening this week. I know what you are looking for...life style? Safety? Jobs? I don't know your skills. If you can do healthcare or factory or service then there are many jobs. It is easier to drive here before winter though. So if you come... do it soon. Trust your heart and talk to angels or God or your Higher Power... Let that guide you. Don't let fear run your life. ❤️❤️❤️

    • @veronicaacosta6577
      @veronicaacosta6577 2 роки тому +1

      @@AhJodie thank you!❤️❤️

  • @austinburns4213
    @austinburns4213 4 місяці тому

    Col. Sanders likely retired in Kentucky.
    We are from Missouri. We originally moved to St. Louis for work, but now I want to live some place with mountains, fresh air, and safer from the ravages of climate change. Also, for reasons I can’t fathom, Missouri taxes are moderately high where we live(d). At any rate, I spent a couple of years researching places to go to retire, and ended up on the west coast near Olympia Washington. Seattle was too big and too expensive, but the state is more cost-reasonable outside of that area. Every place has pluses and minuses - will miss the world class, top notch medical facilities in StL, but not miss the crime, pollution, heat, taxes, bugs, shootings, and the hood. Oh, and horrific politics. Fantastic fresh air in PNW. Now, for selfish reasons, the big WA earthquake just needs to hold off for another 25 years or so… we escaped the Midwest tornadoes and floods, and exchanged it for major earthquake hazard. Zero income tax in WA. Cannot understand the appeal of Florida or Texas outside of taxes, but to each their own.

  • @Lonewolf1961-s9z
    @Lonewolf1961-s9z 4 місяці тому

    Won’t be moving to any of those states. Too cold for me. Now living in Florida but not planning to stay here either. Looks like South Carolina for me.

  • @2023Red
    @2023Red 2 роки тому +3

    Interesting! We did the same ranking using Google date ten years ago. We chose Arizona for Mayo Clinic. And housing prices back then. As an offshoot, we may visit your top three next summer given we think the current economic conditions wane.

  • @Dan-vd4pu
    @Dan-vd4pu 2 місяці тому

    I’m surprised Michigan is on the list since car insurance is very expensive, as is heating in winter, and, if retired, the state at least partially taxes pensions and withdrawals from retirement accounts. And, unlike some states, there really isn’t much of a discount for seniors on property taxes.

  • @marcmakes1725
    @marcmakes1725 2 роки тому +3

    Harland David Sanders (I had to look that part up) AKA Corneal Sanders. It would be a lot harder to do but a breakdown by zip code or county would be good. Some places in New York or California might rate better than some parts of Illinois.

  • @randybrickson4290
    @randybrickson4290 2 роки тому

    Colonel Sanders -- The Colonel -- would see these five states listed as "best": Wisconsin, Illinois, Wyoming, Michigan, West Virginia.

  • @freedomtoday743
    @freedomtoday743 4 місяці тому

    I don’t agree with you top five states to live based on affordability and crime. I live in Florida and the weather is perfect 90% of the time and crime is a lot better than Illinois and Michigan.

  • @richarddrozd1201
    @richarddrozd1201 2 роки тому +1

    Wife went to lunch with her friends; asked me to feed myself. Mad dash to KFC (first time in ages). Hog heaven.

  • @wes_d
    @wes_d 2 роки тому +1

    Colonel Sanders…
    I’m not convinced that WV is #1. I lived there for the first 50 years of my life and moved away for work. They tax retirement income from what I understand, and the state is literally dying. Every time I go back to visit I’m convinced I made the right move away from the state. I do miss certain parts of the state but I have no plans to go back in retirement. Convince me otherwise…

  • @jimmyamico4713
    @jimmyamico4713 2 роки тому +2

    Hi Geoff!
    That’s of course…the great Colonel Sanders… who, by the way went to over 1009 restaurants till he found one that bought his recipe learned that from Tony Robbins and Jim Rohn… Anyway, phenomenal video as always your truly are a brilliant mind….
    Respectfully,
    Jimmy USAF🇺🇸

  • @stevensmith-hg6do
    @stevensmith-hg6do Рік тому

    Famous guy was Colonel Sanders Kentucky Fried Chicken Franchise Guru

  • @williamranden6344
    @williamranden6344 Рік тому

    Colonel Harland David Sanders was an American businessman, best known for founding fast food chicken restaurant chain Kentucky Fried Chicken.

  • @willcox4561
    @willcox4561 5 місяців тому

    Skip to 12:16 where he finally starts naming the 5 states. Typical UA-camr.

  • @harveyh3696
    @harveyh3696 Рік тому

    I think there is a distinction between an Aloha shirt and Hawaiian shirt "Hawaiian" shirts are typically loud in its graphics whilst "aloha' shirts graphics are more subtle. Hard to explain but a local can spot a tourist a block away, especially if they're a couple and wearing matching outfits.
    Please, no offense intended in my comment. Tourism is the life-blood to the economy in Hawaii.
    Look for the "Made in Hawaii" label on your Aloha shirts.

  • @charlesmalone4379
    @charlesmalone4379 Рік тому

    Col. Sanders used to come to Duke for the Rice Diet weight loss spa in the mid 60s. When at the Medical School he would hang out at the student coffee shop, very small but very private. Very pleasant man who strangely dressed in that white suit daily.

  • @sct4040
    @sct4040 2 роки тому +2

    For museums, we love washington DC.

    • @zbuglady
      @zbuglady 2 роки тому

      DC also doesn’t tax Social Security and has other perks for senior citizens - discounted metro cards and property tax for instance. Plus most of the museums are free unlike some other cities. You’re an Amtrak ride away from Baltimore, Philadelphia, NYC and Boston. The biggest question is whether or not you already own a house or can afford to buy, as it is in many areas.

  • @patcurrie9888
    @patcurrie9888 Рік тому

    "Finger lickin good" says Col Sanders. Wonder why the top 4 states that retirees move too aren't on the list. AZ, FL and the Carolinas. I guess weather is a bigger factor.

  • @francisflorez5581
    @francisflorez5581 Рік тому

    Colonel Sanders. Interesting review obviously weather did not get much respect for the list. Try living in Wisconsin and 8 months of winter.