Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.
This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.
@@ThomasChai05How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
*Izella Annette Anderson* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
How is California not on this list? I retired 3 years ago after living in California my whole life. It was impossible to afford so I left and am doing much better in every way.
I agree Cali is too expensive and liberal. At this point, only good thing about California is the scenery and weather, it's a vacation destination nothing else
Who anyone who needs it: 1:40 Kentucky 3:42 Mississippi 5:17 Washington [State] 6:19 Maryland 7:35 Rhode Island 8:32 New York 10:05 Louisiana 11:25 Oregon 13:00 Arkansas 14:16 New Jersey If I could add one to this list, I would say Pennsylvania isn’t a good place to retire to. I’m from Philadelphia and that’s definitely not a good place to retire. Pittsburg is getting better but to be honest it was one of those cities that was never good from the moment it became a city. Idk about Harrisburg but last time I was there it didn’t look ideal. So if you don’t like major cities, getting taxed just for breathing and worrying wether or not the Schuylkill River will have latex in it again, then PA isn’t for you. But let’s say you do want to retire in PA and you have a lot of money or a fairly decent amount of money, here are some places I suggest. 1. Jim Thorpe (Peaceful place to live on but it is pretty expensive) 2. Lancaster (Live along the Amish people! They are very welcoming! Trust me!) 3. Hersey (Not much to say, it’s just a good place to live in. Plus Hersey Park is there so who would say no to that. The houses are very nice as well.) 4. Gettysburg (No there aren’t any ghosts there. You will be fine. Great place to visit obviously but also a decent place to retire to as well. It’s actually considered to be one of the best places in PA to live in, let along retire in. There isn’t a lot to do in Gettysburg but it’s not near any major city [York doesn’t count!] and it has a lot of history.) 5. West Chester (Very peaceful and a surprisingly great place to start a farm in, depending on the amount of land you want. Houses are pretty good and it isn’t too far from Morgantown, if you need groceries or other stuff you can take a trip there. Plus Morgantown is 80% farm land so luckily that area is nice too.) 6. Quakertown (If I had to pick a place to retire to in PA, I would pick here! Honestly one of the most beautiful places I have seen! Cost of living is 12% higher than the national average so keep that in mind) 7. Lahaska (The cost of living is 18% higher than the national average…BUT!….it’s worth it! You wanna go back in time when James Madison was kicking Great Britain’s ass?!? Lahaska is the place for you! The houses are “colonial” at least a good amount of them are. And the stores here are just something you can’t really experience anyway else. If you are ever in that area PLEASE go to Peddler's Village. You will thank me later 8. Danville (If you think Lahaska isn’t colonial enough or Gettysburg isn’t old enough or Lancaster smells like horse poop, then Danville is for you! The only reason not to move there (outside of not having a lot of money but that applies to the whole state) is it’s population. It is small! About 4,600ish people small! But the houses are…oh my god! The houses!….The 1800s never left here! You get a great community just like Lancaster, a good amount of history like Gettysburg and the colonialist style homes of Lahaska. EVERYONE WINS!) Now these are just my opinions! I suggest doing your own research and definitely visit these places just to see if you like them. It really depends on what you want. Some people that retire want to live in a cabin in the mountains with a pet buffalo by their side and shotgun on their lap. Some would like to live in a city. It’s up to you. What I do suggest is staying away from Philadelphia. You can visit, definitely do that! But don’t move there. The surrounding areas aren’t that much better but there are a few that are ok [Oaks, Blue Bell, Media, Malvern and Montgomeryville are just a few examples]. There are other places that are pretty good too but I didn’t do enough research on them and I haven’t visited them. [Buckingham, Dublin, Maple Glen and Pottstown are some examples]. Also 1 more important thing! If you Google the best places to retire to in PA, you will find that Richboro is on many of those lists…..STAY FAR FAR FAR FAR AWAY FROM RICHBORO! It’s starting to become ghetto and they are building more apartments there than houses. DON’T YOU MOVE THERE! DON’T YOU DO IT! Ok that’s all I have to say. Thanks for coming to my TedTalk
Thanks for the comprehensive report on Eastern Pennsylvania. In anticipation of a serene retirement I moved from New York to Pittsburgh in 2005. At that time Pittsburgh appeared on most of the "Most Livable Cities" lists. Not anymore. Pittsburgh has collapsed with such ferocity that the statisticians have not yet caught up with what could be compared to Detroit on steroids. My suburban neighbors don't even know what happened unless they get called Downtown to show up at the courthouse. One of them recently told me that the walk from the parking garage to an attorney's office building could only be described as "A Walk Thru Hell".
I am retired in Mississippi. And my friends in higher-end areas (like Boca Raton) think I am nuts. But, here I could afford a 4-br. house with 7 acres. A second house to rent out. An 8-unit apartment building, and a 3rd house down the road in New Orleans. We can afford to fly anywhere we want to visit, drive nice cars, and everything is paid off.
Hey there Duke! I sold the 'cottage' I owned in Mississippi. Loved it. Used it as a rental til my renters moved to NJ. A lot of what you say in true about Mississippi Briggs. I live on Social Security and I can afford to live there. Oh..lots of great Blues music! Yes I do have family there! And Tupelo is terrific!
@@francineroot-adler7205 I am headed back towards Tupelo this weekend. It's gained a lot of jobs, so it's no longer super cheap. But they have many good restaurants. And my daughter is at the MS School of Math & Science.
@@Duke_of_Prunes if the city itself is not cheap then the suburb area might be. I am in extreme southern Maryland and it is difficult to manage here because it's expensive, but the areas close to DC are still far more expensive than this area.
I’m so glad my husband and I have done the SS and Medicare thing about 10 years ago! I had been a volunteer at our local Senior Center and had listened to a speaker. Great advise and I managed everything with SS and Medicare myself. My husband actually listened to me when it was his time - first and last time I might add!!! I still don’t understand why the government has to make everything so ridiculously difficult.
the government makes things difficult because a certain percentage of people applying will get frustrated and give up - AND THEY GET TO KEEP THE MONEY they didn't expect us to live this long anyway -
I live in the northwest part of Washington state. 17 years ago I moved here and bought a small condo for 140K. Even after enduring many years of the great financial crisis, my place has more than tripled. Cost of living is not cheap, but if you love outdoor recreation and natural beauty, it's unsurpassed. Dad taught me to be financially literate. Retired @ 57. Thanks Dad!!!
I'm in WA also. We moved up here in 1983, and bought a small house for 45K. Sold in 2010, when I retired, for 140K. At that time, we bought our current house for 120K cash. It's currentlyvalued by the county at 600K. I learned how to invest from a friend that was very good at it, and I was able to but this house, and fund a retirement's worth of vacations.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified
Unless a person has been generally wealthy his whole life long - not a millionaire, but just far more wealthy than average - then it's somewhat lunatic to expect to live a life into the distant future in retirement as well as when you were well employed.
@@TheCharleseye going to have to disagree with you because you have obviously lumped California into your comment. One of the highest tax states in the country and we won't even talk about the crime and homelessness in that state. Thank you but I'll keep my brick home in Arkansas that has doubles in value since 2008 when I purchased it. I'm retired and live on SS only with no problem, in fact I havent changed anything other than paying off my home and vehicles since retirement and still have plenty left over after paying monthly expenses.
Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
I totally agree, I'm 60 and newly retired with about 1.2 million outside retirement funds, no debt, and very small dollars in retirement funds compared to my portfolio balance over the past 3 years till date. tbh, the role of the invt-advisor can only be overlooked, not denied. just have to do your research in finding a reputable one.
@@jeffery_Automotive I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
Finding financial advisors like Julie Anne Hoover who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.
Effective personal finance management matters more than the income source, whether from a job or investments. A certified financial advisor can offer tailored guidance to reduce expenses and boost income, optimizing your financial situation.
I completely agree; I have approximately $650k in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Low life expectancy in KY can be explained by 1 visit to Walmart, where 80% of the people are obese, and are pushing shopping carts full of junk food and Mountain Dew. Where is the Health Education? It makes me sad, because the people are so friendly and the state is spectacularly beautiful.
@@CJinsoo Life expectancy is a statistical measure of a population. It absolutely is dependent on the poor(or good) eating habits of the population, among many other factors. It is also a highly polluted state due to poor mining practices, which are due to low education. I would wager that Kentucky's abysmal life expectancy is about the same as the set of people who exclusively shop at Walmart and other trash stores. It is not a coincidence that people in well-educated states live longer. Stupidity kills.
I’m 55 from Southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management.
If i was in your shoes i'd consider financial advisory, you’re only 55. I think the average life expectancy in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen.
I agree. Based on personal experience working with a financįal advlsor, I currently have $2m a well-diversified portfolìo that has experienced exponential growth from when i started. It's not only about having money to invest in stõcks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
She's known as "Melissa Elise Robinson". One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
An interesting strategy is to live near the border between a good state and a bad state. You can live in a tax advantaged and low expense state but with a few miles drive reap the benefits of the high expense state. That is something to consider. I have looked at a very low tax state that was within half an hour of the resources of a high tax state.
Yep, a lot of people who have retired and now live on the border of MN. Better medical care in MN and Medicare works in either (Advantage plans/supplementals are often for 5 state area).
An example is living in Vancouver, Washington (no income tax) but shopping in Oregon (no sales tax). You are supposed to pay Washington's sales tax (very high!) on stuff purchased out of state.
Thank you for this info. You hit the nail on the head about WA. Our healthcare is expensive and good but I work for a large healthcare org on the Western side and you can not find a Dr that's taking patients. We haven't for years and there's not an end in sight. Dr's keep retiring or moving to other states which force people to use the ER for just day to day care. The average wait time at the ER is 12-16 hours!! Same issue with vets, dentists and specialty Dr's. I love it here but as I get closer to retirement I know that I can't afford to stay here.
The interesting thing is that I read an online article very recently that went through all 50 states, and they had Arkansas as the #1 place to retire, so I guess it is all in what you are looking at. Housing is very affordable, and the cost of living is well below the national average, and those were big factors. I am from Little Rock, and while the city as a whole has some bad crime stats, it is pretty much restricted to certain neighborhoods, and if you stay out of those, it is a great place to live. I am now retired in the northwest corner of the state, which is routinely on top ten lists of the best places to live.
@@renemarie5936 I am just hoping we can keep things awesome. The population of the three-county area that makes up NWA is supposed to double by 2035 from 500,000 to 1 million.
@@esotericsolitaire The people are great all over the state, but there are areas that are very nice and some areas that are "less nice". If I were moving from out of state, I would have northwest Arkansas high on my list, but also look at the bedroom towns surrounding Little Rock.
We retired to Florida (no income tax, lots of sunshine, good healthcare, senior-friendly in general). Of course, property is getting very expensive due to over-crowding from the north, and you have to deal with hurricane threats/hits, and Republicans are working hard for their corporate/maga masters, so there's a lot of calculations that go into it. We found a nice, fairly friendly, liberal county on the Gulf and are quite happy.
I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
@@TomD226Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Be your own bank and acquire a safety net. Real money is silver and gold... Don't go all in hold as an insurance policy...?! Acquire income earning real estate.... Keep just enough cash in the bank to pay for your expenses
if you invest in dividend stocks that average 6% return & only spend 3to 4% of it when retiring you will be ok.The American funds has some time tested funds that are dependable.Just remember to not pull the funds out when times are bad otherwise you will lose valuable $ as it returns.
I live in Oregon and I have seen comments on Nextdoor that suggest that we should stop all growth and keep people from moving here. I always remind them that the local Natives probably said the same thing when the Oregon Trail got established.
My major concerns when retiring is taxes and insurance. State tax on your end of the year taxes, and property taxes. Also home insurance and car insurance are important. After I recieved a homeowners insurance bill for 4,100 dollars per year, I decided Florida is no longer for me. Look at all the angles of retirement. I was in hurricane Ian, not again....
In Alaska we get a $258,000 property tax exemption on our primary residence. Property tax is the only tax we have. We own a couple of properties, one being a small duplex we live in and a remote cabin. The duplex income pays things like utilities and property taxes on both places. I just put 48 sockeye fillets (24 fish) in the freezer and we grow our own produce 7 months a year in a greenhouse. We have good healthcare but everything else is expensive. I’m 70
I looked at taxes: city taxes, county taxes, state taxes, federal taxes, Medicare taxes, social security taxes, sales taxes, gas taxes, special hotel and restaurant taxes. That is all I can think of.
From the recent news of some property insurance agencies pulling out of florida and the rising cost of flood insurance, it sounds like you got out at a good time. I've always wanted to live in florida but I guess I'll never be able to afford it.
I already live in Maryland and unless you can get into the public sector it is impossible for one person to earn enough to live here from a job alone. The main problem here is that there really is no private sector for jobs that pay anything here. For instance there don't seem to be any warehouse or manufacturing jobs here, even though those jobs can have a good salary and are fairly straightforward. But on the other hand nowhere else in the private sector is hiring consistently here except fast food or retail establishments which require doing multiple different tasks (as needed) and don't pay anything. It sounds like you already have a house though, so high prices for rent, etc. in this state probably don't affect you like they do those who have to rent. Property taxes are probably just higher here in general, but they can start out higher if a house is in a more desired area, if it has a lot of land, and/or if it's a bigger house. This is why with newer houses you'll often find huge homes with almost no yard, because people who can actually afford those homes probably want the most house for what they pay in taxes anymore. But the taxes can still go up later if the value of your property is said to have increased.
@@wrestlerx8494 I’m originally from DC which also is insane. Fortunate enough to have a decent job and currently living alone. Also inherited some money from family. If it were just my salary alone and paying for rent it would be rough.
I have lived in 6 states in my lifetime. Each brought its own unique culture, politics, lifestyle, etc.. I have also visited I believe about 2/3 of this great country of ours, and have generally enjoyed meeting people from all walks of life. We really are a very diverse country, with a lot of different viewpoints and ways of thinking. I'd like to think I'm a more tolerant person for that reason, that I realize how different people can be depending on how they grew up and where they live.
During hurricane Ian last year I remember that poor woman in a wheelchair who was up to her neck in water by the time her son rescued her. So if you're frail you may want to consider your inability to escape floods.
I live about 50 miles outside of Seattle, WA. Washington is okay but Seattle has become DISGUSTING. Garbage and graffiti everywhere. Homeless people camping all over the place. Most of the city parks that used to be nice are now full of tents. Many of these problems have gotten much worse in just the last 5 years. Washington has some great outdoor activities available to us, but I would never move into the city of Seattle.
Big issue with Seattle (as well as Portland) is exactly what happened to Southern California many years ago. So much attention about its natural beauty and livability induced thousand to move to the regions/towns. Slowly turning into overpopulated very expensive places. Unfortunately overpopulation has a ton of negative effects on places such as homelessness and crime. I love Washington state and still enjoy visiting Seattle from time to time but until the population diminishes some and they can get on top of the homeless/drug abuse issues it's gonna be hard to live around. Even with that I would move back to and retire in the state in a minute...as long as I wasn't living right in the King/Pierce County metro.
That is heartbreaking. It was starting to feel uncomfortable back in 2018 when I was working in W. Seattle. I'd often explore Seattle on a day off, and sometimes feel a little nervous at night if I was alone.
My son worked in Seattle from 2009 to 2016 ( and lived in Kirkland! I fell in love the few times I visited Seattle as he was able to really show me all kinds of wonderful things, but I’ve seen and heard what is happening there and so many other cities and it makes me both sad and angry! This homeless/illegal people situation is so out of hand that I’m not sure if or when it can be cleared up! We all know who is to blame!!!
We left CA for S/W Illinois for my job. However my wife is on early social security do to end stage renal failure. IL has more choices than many for her si ce she is only 55. Some states have absolutely terrible coverage for her. We love the area, very affordable housing here!
Yeah Jeff, I'm sort of in the same boat. I'm 74 and returned to my hometown in Macoupin Co. Illinois after my father passed away. Four years ago i caught a rare disease that affects my kindeysl lungs, and entire vasuclar system. I almost died. In addition i have COPD after years of smoking ( quit in 2013) and I have to say the best thing I could do for my health was return home. There are two hospitals in the county, plus one within 15 minutes from my home,. Also I am just an hour from three University Hospitals- St. Louis University Hospital in St Louis. Southern Illinois University hospital in Springfield IL. And Washington University with Barnes Jewish Hospital Complex one of the top 10 hospitals in the country. Our crime rate here is very low. I am a retired attorney who practiced here and resided her for 33 years now and I don't think there were more than 25 murders in the county since I have come back. Most of the crime is methamphetamine use and possession, with domestic battery, uninsured, suspended , or revoked license, DUI, and mostly shoplifitng and theft under 10,000 dollars. Our schools are new or maintained and graduation rates usually excede 80%.. The poverty rate is between 20 and 25% but there is little blight or homelessness. We have chain stores here or in nearby counties and a variety of grocery stores, including Aldis and Walmart. There is also Dollar General stores for the budget conscious. There is some public tranportation by taxi and bus and we are close to Interstate I-55 and have passenger railroad service to St. Louis and Chicago as well. House prices are reasonable but rising.
Cant really compare Illinois to California when in comes to the outdoors and climate. I would rather pay more for the 5 extra months of sunshine and warm weather.
Keep plugging away and trying to live on less than you make. Bidenomics makes this hard, but we will all survive this era. It won't be easy, it won't be fun, but it will be transitory. Good luck making it through it.
@@robedmund9948 Plenty of Americans doing well?Meanwhile, back in reality a recent survey of Americans found almost half could not endure a 400 dollar emergency. And then there's this Bidenomics nonsense you seem to try to use as a cudgel. The price of gas and groceries went up around the world not just in Amerikkka.And the US is at a record 54 year unemployment low. America's always been a mess.and while it has gotten worse lately it's not just happening there. Nor is it because some party before country partisan hack wants to cry to strangers about how Biden hurt their feelings for likes and approval.
@@bobbybob3865 Yes, I was kidding. I was mocking Trump and his deluded low information voters that would follow him into quicksand or off a cliff with tearful devotion. The guy had a worse job record than Herbert Hoover and is going to jail for a long long time. And his multi-decade association with Jeffrey Epstein and his press conference where he lamented Ghislaine Maxwell going to jail really just makes his supporters plain gross.
You were spot on with the Maryland stats. I live in MD, about 10 miles south of Baltimore. We are leaving (Lord willing) and moving to South Carolina because of how expensive the cost of living is in this state. MD is considering taxing social security in the near future and if/when that happens, you will see a mass exodus out of this state. We’ve already lost a lot of retirees since the beginning of the pandemic.
Well, keep in mind that you are leaving a blue state with crushing taxes and law enforcement strategies and over regulation. If you vote for the same policies in your new home you may ruin it as well. I grew up in PG County and I left in the 90s
We had friends who couldn't wait to move out of Baltimore, because of high crime. They moved to our small town in the mountains of Virginia, and never been happier. Good luck with your move!
By the looks of things, it seems like no state is going to be good for retirement. Every state is either becoming extremely expensive or extremely impoverished. No in between. I'm afraid for the future. Great video!👍🏾
Back in r The 2008 world crash many private pensions disappeared but social security still paid out checks to people. And even if that doesn't happen they have other ways of moving to the cayman Islands leaving the pensioners high and dry.
I’ll stick with California, there is no waiting for a doctors appointment and no waiting for a hospital room , if you go to the emergency room you will be seen with in about half an hour. I pay a lot for medical insurance but get the best care. I am 79 yrs old and would never leave California,the weather is great , I live about 45 minutes from San Francisco.
New Jersey born and raised. The worst aspect for retired people is the crazy high property taxes. But those taxes create our excellent schools and police departments big enough to actually keep everyone safe. It is a very safe state without counting the derelict cities. No one goes to the cities like Newark, Trenton, and Camden. Everyone leaves them to their own demise. Their political leaders have destroyed those cities. They were once beautiful cities, until certain people came in and destroyed them. Now, there is no reason at all to go to these cities.
you should aslo talk about taxes- income, sales and real estate. Some states are ridiculously high like new jersey and new york, while others are more doable.
The real metric isn't how high taxes are, but what you're getting in return for those taxes. In some high tax states, the benefits are totally worth it. In others, it's money down the drain.
I'd have factored in whether or not your social security is taxed. This varies from state to state, and none of the states in this list do this (RI does but not for retirement).
Washington state is a good state to work in during your career, as it has no state income tax. But it has a high sales tax, so once you retire, you might want to look at Oregon, as it has no sales tax, but a high state income tax.
I don’t care which states you retire in, it’s how you plan your retirement. Pay that house off, stop carrying debt, choose how you travel and how much you travel. We did all of the above and live in California, born and raised here and we’re doing just fine. Yeah we hear people trash CA but the quality of life (weather) is unbeatable! We have family and friends that live in Arizona and Texas and the first thing they ask us is when we’re moving there, have you been to Arizona and Texas in the summertime? 🥵
I moved to Tx from IL... this summer... omg! I don't see doing this long term. Wished I could afford Cali, but I am not close to retiring so I got time to keep working at it.
Yep, took advantage of cheap, good higher education, (I’m a “state” grad not a “UC” grad) eventually high salaries and bought a house in the mid-nineties for under $200k, now worth $2M and paid off 10 years ago. Living by the coast in a safe city and outstanding neighborhood with a bundle of cash retired at 60.
From one old timer to another, you are spot on. Opening sentence: cannot think what would replace that as Numero Uno. Lived in southern CA 40 years, north 10 years, Nevada last 20. Use to love the heat, but not now; weather in CA is missed badly.
We moved from the Bay area to Austin, TX. We lasted two years and moved back to the Bay area. The guy who hired me said "Ain't it great we don't have state income tax in Texas?". Then he progressed to cut my salary by 15%. My state income tax in CA was less than 10%. Other than that, the folks in Austin were nice enough, but we really don't like the humid armpits weather, and the lack of natural beauty and outdoors activities.
There are so many factors that can cause problems when you retire. So, for example, Hawaii. For Seniors with cash, this is a place to be with the highest life expectancy. However, this state has the highest suicide rate. Also, the cost of living is getting expensive quickly. Most of the food is shipped in. The land is getting too expensive to farm anymore.
Hawaii has been crazy expensive for a long time. I think the life expectancy thing is about primarily 3 things: clean air, clean water, and physical and outdoor activity being the core of local culture. You can get the first two pretty much free, but the third demands effort that a lot of seniors aren't willing to put in and were not raised to appreciate.
Hawaii does not have anywhere close to the highest suicide rate. The highest rate is Wyoming, at 32.3. Hawaii is 12th LOWEST, at 13.7 deaths per 100K per year. New Jersey is the lowest, at 7.1.
@@thomasmaughan4798 Hawaii had a toilet paper panic back in the early 70's. It's just in a delicate place because it is so dependent on outside products and services.
Would like to see stats for NY State without NYC. I have been looking at houses in really rural areas like Chenango County and you can still get many homes under 150000.00 w/taxes that are nowhere near what they are in neighboring NE PA.
@@thedriver146 You are welcome! You live in a beautiful part of the state. I feel the phrase taxes are high is all relative to where you are moving from. Another funny thing is always seeing NY as a blue state when quite frankly most of the state part is actually conservative and typically b/c of NYC it is marked as blue. lol They should be separate!
Except for issues directly involving state law, I'm not so sure that State is the best level for this kind of analysis. There are many homogenous regions potentially of interest to retirees that include portions of multiple states, and many states are quite heterogenous, including multiple regions that might be of interest as places to retire, but which have very different qualities.
I am not certain that Life Expectancy should be much of a concern for retirees. Well, retirees that come from other places. Surely, where you spent the majority of your adulthood is more important than where you decide to spend your retirement. If I lived my most productive years in a place with a high Life Expectancy score, then moved to a place with a low Life Expectancy score when I retired, I am pretty sure that the habits that I formed in the one place (that presumably increased my Life Expectancy) won't be totally offset by moving to a different place. Does that make sense? It does in my head. I hope I expressed it properly in this comment.
Except that access to good medical care can greatly influence your life expectancy, as well as living in a community where large amounts of people (peer pressure) are active, eat healthily, don't smoke, etc.
Briggs: Perhaps you've done one of these videos, (perhaps not) but I'd like to see a list of the "Ten Best States To Own, and Drive A Car In". Insurance Rates Accidents Best & Worst Roads Most & Least Likely To Be Ticked In Fuel Cost Cost to Register and Plate Also factor in states that impose additional hoops and hassles like annual inspections, or emissions tests. Thanks
i do think the list actually over looks the biggest challenge in retirement. if the state doesnt have high quality and available health care, the rest dont matter. since as we get older our health issues will be larger and more impactful. i am in Arizona (Tucson area, and just to see a new provider, can take 4-8 months. if you are lucky.). and the health care providers here are overwhelmed, and dont have enough people to do the work. among other challenges is that you cant really call them, and if you leave a message, its unlikely you will get a call back.
You forgot to mention Arizona allows nurse practitioners to work independently without a doctor's direct supervision. Urgent cares are primarily staffed with these minimally skilled people. So even if you have a family doctor you need months to get an appointment. Which leaves you dealing with nurse practitioners in free standing for profit quasi-clinics or heading to the ER at overinflated prices. We are also flooded with illegal immigrants, people who left California, and other woes like rapid development outpacing available water supplies on the desert and horrendously bad public education. It used to be a good place. no more.
I’m from Arkansas. Yes, there are many places in the state that the property level is bad and healthcare limited. However, many people retire in the northwest corner of the state where Walmart has their headquarters. Because of Walmart, the healthcare in that area is great and the cost of living is extremely reasonable. It is also beautiful and the weather is nice. Little Rock is a beautiful city with wonderful healthcare. There is crime, but it is isolated. The west part of Little Rock is safe and would compare to some of the best suburbs in the Dallas area. Little Rock also has one of the best cancer and children’s hospitals in the country. Arkansas does not deserve to be number 2 on this list!
You would think that the most important criterion in what makes a state a good choice for retirement would be cost of living. How can Arkansas be rated so poorly with cost of living 20% below the national average? Crime is a problem but is localized and those spots can be avoided. Health care is excellent unless you are in the boonies and I would say that this is a 50 state issue. Winters are mild and the countryside is beautiful. I live 40 miles from Little Rock quite close to Hot Springs. It is quiet, traffic free and full of incredible wildlife. My wife and I live without financial worry with a lifestyle that would be unattainable in much of the US. Oh yeah, did I mention our cost of living is 20% below the national average!!
This Briggs guy clearly hates Arkansas, especially Little Rock. This is not the first video. I live in Massachusetts and used to live in LR. And really except for the 12th Street corridor and parts of Southwest, Little Rock is actually a pretty nice city. Beautiful naturally and some very cool neighborhoods.
@@KingBrandon-zd3ciI left Louisiana two years ago and moved to North Central Arkansas. I love it up here. Planning to stay here for the rest of my life.
I dislike Arkansas quite a bit, but I agree that it does not deserve to be on this list. AR does not have a lot of things going for it, but there are some good healthcare places and the cost of living is really cheap. It makes sense to retire here.
As a former long-term resident of Maryland, I agree with Briggs' assessment. I do wish to say that Baltimore is NOT Maryland. I spent 25 years in Annapolis and still have regrets for leaving ten years ago. A representation of the Maryland flag is my front tag on my vehicle.
My girlfriend and I (both retired) live near Annapolis,....and enjoy going to Rams Head for live music. We have traveled the country,...and are open to retiring anywhere..However,....we have come to the realization ''why move'''?,...we are already living in paradise.
I love visiting Annapolis, especially for the boat shows and I have a family member at the Naval Academy. Long term live aboard sailing is definitely in my future and I would definitely make Annapolis a go-to for a summer hub for stateside visits. It’s a good central location to touch base with northern and southern friends and family.
Hard to believe Illinois didn't make your list. I worked with a guy who grew up in small town Illinois and really wanted to retire there to be close to family but after looking at the numbers, he felt he would have to be nuts despite being able to buy relatively inexpensively. Interesting that you mentioned fishing to provide a meal. I know Vietnamese-Americans approaching retirement that find those areas appealing because it reminds them of how they grew up.
I am from Illinois, and I lived in Europe for a while. It is definitely cheap in comparison. I can afford IL just fine, and so can most people, but I think the small-town citizens struggle since their incomes are so low compared to Chicago(land.)
Was planning to relocate back to Jersey this year but quickly changed my mind after a few days of research…one would need at least $$$$$$ to live there comfortably 🤦♀️ Yep, I guess I can’t go back to retire 😭
Just live within your means, and never leave the state - and you'll be fine. As a former NJ realtor I was always listing homes in NJ from folks moving to PA or other less expensive states. They'd sell their homes for a boatload, buy cheap elsewhere - but I'd tell them, you'll never be able to come back. Your house in PA will never make the gains you saw in NJ. Lived here all my life - I'm 70 now - never made huge sums of money, but lived within my means. Now that I'm retired I have the senior property tax freeze (but only for those that put in the time). No problems living comfortably - been in same house for almost 40 years.
@@blujeans9462 But you're stuck in NJ, which is a punishment all its own... 🙂 Lived in SNJ during high school, and honestly, I'd never want to go back and live there again. I don't even feel the need to visit...
@@AndrewAMartin lol! Ahh - but it's been my choice. Truth be told, I also own a vacation home in PA - and sure there is a part that wants to throw in the towel, sell my NJ home, move there permanently. But, there is something about NJ that can't be found anywhere else (excellent restaurants - around every corner; the best hospitals; easy access to most interstates - if you do have the urge to get up and go; close proximity to stores - but never too far from a great farmers market for great produce from the Garden State; good schools in many areas; fair gas prices; pensions and SS not counted for some; not to mention: perfect 4 seasons - and so much more.). I can tell you, I'm hard pressed to find even some of these things near my PA home. :-).
In many states, it also depends on where you live in that state. We live in North Carolina in the county directly north of Mecklenburg which is where Charlotte is located and am ever so grateful we landed here rather than dawn there. The property taxes along would have killed us!
Western NC is gorgeous. Murphy and Franklin are nice affordable areas. It's also a convenient drive to most of the surrounding tourist destinations too
Hawaii has the highest life expectancy because you have to be rich to live there. Has great healthy food, great weather, views of the ocean everywhere, no stress, …..
That's an important point. It's also why examining life expectancy in a place like Mississippi is difficult. People who are in a financial position to leave Mississippi will often do so at some point in their life due to things like job opportunities elsewhere, going to college out of state and then starting a new life, wanting to be near a larger city, or unfortunately escaping some of the poverty and crime in Mississippi. I'm not saying everyone does that. But many who have the opportunity will. So having a low life expectancy in the state may reflect the low life expectancy of people who never had an opportunity to leave. In other words, it's more a reflection of the poverty itself than a sign that someone from out of state would die earlier if they moved to Mississippi. Conversely, if you don't have the money to retire in Hawaii is not like moving there anyway will cause you to live longer. It's the wealth and opportunity that is really being measured.
My bro-in-law retired to Mississippi for the tax breaks and low cost of living. He was also careful about just where to live. On flags, I think Maryland has a very unique and cool flag. It sure beats the popular state seal on a bedsheet style.
@@glennrishton5679 the new Mississippi flag is an attractive and well designed flag, but it comes at the loss of their old state banner, which was one of the best around. Yes it was controversial with the Confederate portion, but to old rebel boys like me it was simply beautiful. Consequently the new flag comes with a lot of baggage.
Add in super high property taxes to all three pacific coast states: Washington, Oregon, and California. For retirees that particularly hits hard. I miss Oregon but had to escape the taxes and the crazies. My old home town of Eugene has the highest homeless population of any state, even worse than Portland. Not good as the residents pay for all the extra cleanup, services and camps they leave behind.
I worked in the Hollywood film industry for 40 years and now I'm retired, lots of income from SS, pensions, annuities, life insurance and reverse mortgage, and great health care and safe, beautiful upper middle class neighborhood. Set for life and don't have to work.
Thanks for the video Briggs. I think something helpful/ important in these retirement videos would be to add whether or not the state taxes Social Security income.
If you're worried about cost of living, why retire in the US? You could live pretty well on social security alone in a lot of countries. And you don't need to avoid Baltimore, thanks. If you wanted to, it's only nine miles by nine miles, so easy to avoid.
@@aer71367 there are a handful of countries where you could leave the USA and never return and continue receiving social security as always. most other countries you'd have to return to the USA occasionally for a period of time to continue getting benefits, and there are a few countries where you wouldn't be able to get them at all or would have to commit some kind of fraud to do so.
New Zealand - average life expectancy 82 years. Health care cost nil, unless you want to pay for private care, which most do not. Universal supperanuation for everybody over 65 is about US$1,000 per month plus whatever you have saved through compulsory savings for all workers.
Pretty funny video. My husband and I enjoyed it. And to share a disclosurer, we live in MD- Western MD- and we are starting to research what state we want to retire to. We’re certainly not staying in MD even though we love the peacefulness and the people in Western MD. Taxes and higher insurance prices and just overall cost of living will just eat away at savings. But actually wanted to jump on here and say your humor is a breath of fresh air! Thanks!!
I'm not sure if the life expectancy stats should be a huge factor here. If it is state ensconced in poverty, then infant mortality, children's access to healthcare, teenage suicides and drug addictions will lower the life expectancy of the state. If you move there at age 67, you avoid all of that.
I retired to Thailand 6 years ago from the San Francisco Bay Area. If for some reason I really had to come back I can’t really get excited about anyplace in the US.
That's what happens when you leave. I've lived all over the world for the past two decades, and I have to move back to the States soon, at least for a while. I'm not terribly excited about it.
I live in Maryland, about 20 miles south of Baltimore. Every person I know retiring in the next five years plans to take their state-provided pensions and get out of here. There are beautiful places to live, but taxes are high, everything is expensive, and where I live, even older condos are 450,000 or more.
My parents retired in Maryland. They almost decided to move to Delaware, which may have been a better choice. But at least they're no longer in Montgomery County and are in Queen Anne's County.
@@GeeEm1313 some of the strangest and at the same time nicest people I ever met in my life were in Delaware. I'm sure the state is very different than when I was there forty years ago, but the insular life of those "south of the canal" was very apparent. They understood little outside of family, work, and community and were rather paranoid and suspicious of outsiders. Like I said though, it's bound to be different now.
@@GeeEm1313 I am also in Maryland but thankfully southern Maryland in a rural area nowhere near Baltimore. The only reason I am even still in the state though is because my husband's parents didn't want us to leave. But my husband has an older brother who lives in Utah and his younger sister just got married and is in Texas, but his parents don't want US to leave. I feel like we are being forced to stay here because they want us here, but I really can't even relate to people here because it's expensive and we are low income. Every other educated person here seems to have money and a high living standard, but my husband and I both have a bachelors degree but have never been able to get ahead. There is no decent private sector work here and you may as well forget getting into the public sector unless you know someone or have connections. I actually feel like people are desperate to work in the public sector because it's the only way to earn enough money to live here, and meanwhile the fast food places are always hiring without success because they have crappy pay. I guess I am just trying to make the best of it since we have to live here, but I feel like everyone around me is actively choosing to live here despite how expensive it is. I just wish I knew that other people here would also want to move if they had the chance.
I remember going to New Orleans as a 24 year old grad student and being negatively impressed. The city was filthy. The hotel staff predicted that I would come back for a vacation. I have never returned. I would like to live in Maine during the hot summer months and Texas during the rest of the year.
As a Washingtonian, there are other parts of the state then Seattle which are affordable, have decent health care and, like all the state, no state income tax.
"and, like all the state, no state income tax." Offset by exceptionally high sales tax and property taxes. Sales tax in particular is "regressive" with no allowance for low income. What hasn't been mentioned in this video and probably does not need mentioning, is politics. It can be a deal-maker or deal-breaker.
True. It's why a bunch of folks live near the Oregon border, no sales tax there! The taxes you mentioned are really user fees so people have some control over them whereas they have none over state income taxes. @@thomasmaughan4798
Crazy list. Left Cali and bought a rural property in mid-western Oregon in '02....paradise. If I had to retire anywhere in the midwest, I'd slit my wrists.
We live in NJ and retired last year. If you don't have a high SS check and some other type of pension or other, it's tough. The property taxes are ridiculous. It's not uncommon to pay over 10K a year. They did just pass legislation so seniors can receive a 50% refund on property taxes starting in 2026. At present you can get around $1500 rebate every spring.
I'm originally from Tax Jersey. You can't pay me enough to move back there. NJ taxes pretty much EVERYTHING and has the highest property taxes in the nation. I encourage anyone at or getting near retirement to leave NJ and retire elsewhere. If NJ could find a way to tax you for using the bathroom, they would. I never met anyone that left NJ and wanted to go back, including me.
California is #1 on this list. Maybe his metrics are bad for this topic. BUT in no way shape or form is anyone moving to Ca to retire. Almost all are leaving. Except the very wealthy.
You nailed it with Baltimore, Md. I grew up in the burbs 20 minutes from Balto and worked in Balto for over 20 years (moved away in the 90’s). Used to be nice (in the 50’s and 60’s) then deteriorated in the 70’s with the Inner Harbor renaissance occurring in the 80’s but shortly lived. Baltimore is a horrible place to visit let alone live. With all that said, I love the ocean and Deep Creek Lake and go every year.
I'm happy that Colorado or Arizona didn't make the list. Hopefully, when I get to the retirement age, I can move to one of my favorite states. Cool video ❤
I'm a Maryland resident & retired MD state employee....it's really not that bad! I live in the Baltimore suburbs...the city is pretty rough but overall Maryland is okie dokie!
@@gregorystinette8271 Compared to other states of course! Born and raised in Baltimore city myself, (no argument that the city has big problems, like most other urban areas.) and live about 30 minutes away from it now. Good schools for my kids, excellent health care, convenient to many places. We have the mountains and the beach. The bay is gorgeous. We are here to stay. Baltimore does not define all of Md, just like Bakersfield doesn't define Ca, and St Louis doesn't define Missouri. And we do in fact have the Best flag.
Retirement is becoming more of a dream than a reality for many people going forward. I live in Florida and this state has been known as retirement haven for decades. That image is slowly fading away due to runaway inflation and incompetent politicians. Most retirees rely on a fixed income. If you can’t budget what your expenses due to things out of your control such as hurricanes and insurance premiums, it will make it difficult to retire here. Florida is not cheap, most homes are in HOA communities and these places have a lot of control and can do whatever they want with prices. Lastly healthcare is is an issue in Florida. Due to the rapid increase in population, there is a significant shortage of doctors particularly specialists. Living in North Florida is totally different than living in Central or South Florida. The cultures are different. North Florida is not everyone’s cup of tea. South Florida can be like living in the north east. Central Florida is packed with tourists due to all the amusement parks.
I’m in Florida also. The 70s-80s dream of moving down here is an OLD outdated model. It’s only for wealthy otherwise you live below par compared to other cities. It’s not seniors here it’s now all ages and younger working urban.
I live in Bonita Springs we love our gov he is far from incompetent he keeps law and order. I own in SC a golf community its no cheaper than Florida. No homeless on streets here in Lee county.
I live in Washington and plan to stay here. I'm 66 now and will retire next year. My house is about half paid off so my mortgage is about what I would pay for an apartment anyway. Also something Briggs forgot to say is there is no state income tax here.
Washington has a lot of helpful programs for the indigent. And anyone can go to the food bank, no proof of income required. The population in general is health conscious, with the exception of certain rural areas mostly east of the Cascades. I find the desert area to be very affordable and the health care to be reasonable and good quality.
I fully plan of retiring here too. Washington is the best state when it comes to quality of life. It's also among the most beautiful. The U.S. is such a dismal country, the prospect of moving out of my precious Washington is horrifying and sends me into a fit of melancholy.
@@zenobiaw831 I love WA. The people are great, even with "the freeze." The most obnoxious I've met drive great big ol' gas-guzzling trucks with darkly tinted windows. It's always pleasing to see them slide into the deep ditches in the winter. Other than that, no one has ever been rude to me. And yes, the state is gobsmackingly beautiful.
……I would just shoot myself now if I had to live in that miserable state. Miserable weather, Seattle has been destroyed, homeless, garbage, graffiti, filth…….no thanks. I need sunshine in my life for more than 5 minutes.
Pleas research your stats once again because Florida is most certainly not a retirees dream nowadays when folks are losing their homes over outrageously expensive insurance and increasing yearly and insurance companies leaving the state.
My parents retired in Florida , as well as my grandmother, aunt and uncle. I think it shortened their life by years because the health care is horrible. Dad- heart operation , stent was infected, died, mom colonoscopy-perforated lower bowel, I could go on. It isn’t called gods waiting room for nothing. If you happen to survive a little they just fill you with drugs until you can’t function and stick you in a nursing home that will drain your savings until you’re on Medicaid and then just stick you in a room with minimal care until you die, hopefully for them it takes a few years. I speak all this through years of heartbreaking experience.
@@Travis12861 The state has 39 million. That's about 14 million too many. This slow drawdown is nice, especially since the GDP keeps going up, but I doubt it will continue. One can hope.
I loked at retiring in Maryland (briefly). Maintenance for a condo is twice what I pay for my condo in Florida. Plus the area I'm in has doctors, clinics and hospitals close to where I live. So I'm staying where I am.
I’m not at all surprised that the entire west coast was in the top 10, and that the state I’ve lived in for over 3/4 of my life was #3. I’m looking at retirement in 12-15 years (depending on whether Social Security tanks before then) and I’m 100% certain I’ll be leaving Oregon - if not before, then definitely at retirement. There’s just so many better options, although it’ll be hard to leave the mostly mild climate & long gardening season!
Unless I nodded off for a few, I don't think California was on the list in this vid. And it should be near the top. If California is sooo great, why do you only hear about people moving out of it?
@@jamestucker8088 No thanks, I'd not live anywhere in that state the way they run it. A guy I live with is from a small town near the Sierra foothills and he'd rather die than live there again.
You would be amazed at how many long time Californians stay and retire there. Prop 13 keeps their property taxes affordable, Prop 19 allows you to transfer that low tax base within the state, Social Security income is NOT subject to California income tax, fresh food items are delicious and abundant, and then there's the weather...
no mention anywhere of being near the kids or grandkids... a significant consideration if you love them... so I like California even though I had to move to the sticks to retire.
@@bkm2797 It is, and if that's your sole metric you would not choose California. There are cheaper states. But retirement should be a quality of life issue. And as oldrrocr said, being near family (assuming you get along) adds to a great quality of life, especially in our sunset years.
harlanjackson6112, Agreed, and even though I have been here since 72' I arrived at the ripe old age of 16, watching a city like San Francisco go through so many changes and not knowing if I can stay till the end is a bit daunting to think about.
I'd like to see a series on those states that are consistently in the middle of the stats. What's good and what's bad in states that rarely make the top or bottom ten.
I enjoy these videos. I recently moved to the north west side of Oregon from South OC California. I love it here. The cost of living isn't much greater than So Cal but the people are friendly and welcoming. The weather is nice (we like it cooler), its beautiful, and there is always something to do or see. Only thing is the healthcare is very complicated - it is hard to get into see a doctor, they can't seem to submit a prescription correctly, and they charge way more than So Cal! I didn't think it possible but yeah, its grossly expensive! I don't think I will retire here.
I just returned from visiting relatives in Oregon and I was appalled at the difficulty my cousin had getting a doctor's appointment to see about a current health problem (not life-threatening, but debilitating and seriously affecting his quality of life). The soonest he could get an appointment was two months out. A friend in Washington said that it is just as bad there.
About to be 60. Moving to Tennessee from Oklahoma. Oklahoma has excellent Healthcare and cost of living is really reasonable. However, Tennessee is simply Beautiful
Good report Briggs. I'm sure many apprecite now knowing what to expect at 65 (those punk kids lol). My tip, live modestly during career years and save, save, save. Hey you never benefit by having a lot of fun stuff when you can no longer afford it. I learned that the hard way. Most importantly, retire where you know you will be happy.
As a life long Californian I also had to excape the people's republic of California back in 2005 so we could actually enjoy and afford retirement moved to the north west loving every minute of small town living.
I was a little surprised to see Washington on here, but I'm already a homeowner here, so I'm a little more established. I know a lot of Portland people move across the bridge for retirement, because of the no income tax. I'm ready to move to Nevada for retirement. If I stay in Washington, I'm heading East.
Reno, NV, lots of things to do but real estate issues. Rents have doubled over last 5 yrs with housing starting about 480k...lots of low paying jobs, poor air quality most summers.
We don't own a home anywhere and have no plans of settling in just one spot. (We caught the traveling bug during our 30 years in the Marines) We plan on staying in Airbnbs all over the world until we get too old. We've stayed in 4 different ones so far, and I tell you, it's the life 🌈⛱️🌏🥂✨️
Ah, AirBNB. Just another way for people to gentrify areas that used to be affordable, _while_ reducing the overall housing availability in the process. So good.
What fantastic way to retire. True homelessness is a state of mind more than a state of being. If you CHOOSE to live as a nomad and take your home with you, are you truly homeless?
You forgot Nevada. The state with the absolute worst healthcare in the country and ranked at the bottom at 50th. That should have been at the top of the list because quality healthcare is probably the single most important thing to retirees.
@@spotscorner6040 I moved to Florida "officially" about 40 years ago, having lived here in the 70s, and somethings were much better here in the 70s and 80s. That said, where in Florida you retire to can greatly impact many of your points. Florida used to calculate license and registration fees based on the size of the car. To catch temporary residents the fee schedule was changed. First car here is expensive, subsequent cars, less. I have not used a toll road since the 80s, it is inconvenient and not always possible but at least most roads are in good condition. The state is served by several electric companies. Where I live I am served by a co-op, one of the cheapest in the state. Since the small, rural town I live near is not on top of any tourist destination, I have no more trouble seeing a doctor than I did when I lived in PA. Yet, I am near enough to several excellent hospitals. Where I live, car insurance is still affordable, at the moment, I even leave my car unlocked except when I am carrying valuable shopping. There are affordable areas, STILL, in Florida but they are rapidly disappearing. My biggest problem is home insurance: difficult to get, expensive when you get it due to lack of competition and its getting worse. Oh, yeah, my property taxes are low, too, due to the rural area.
My sister lived in Tennessee for a couple of years and she said that in some of the small towns Walmart fed families, meaning in many homes every adult in the family was employed by Walmart. If Walmart pulled out the town would pretty much go under.
I watch a UA-cam guy who drives around the country filming in dying small towns. Usually the only store in these towns is a Dollar Store. They’re too small for a Walmart
@@andrewward5891 - I tell my friends all the time how lucky I think we all are to have been raised in a large, prosperous city. It’s not perfect by any stretch but the opportunities in a large city, not to mention the beauty of places like the city gardens, the zoo, the city parks, makes for such a better quality of life.
@@sharonh2991 - I agree my city used to be a small farm town now it’s a mega suburb. Lots of people complain about all the growth but I love it. My gym, restaurants, bars, and shops are all within a mile of my house. I ride a bike more than I drive a car.
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How is California not on this list? I retired 3 years ago after living in California my whole life. It was impossible to afford so I left and am doing much better in every way.
I hear you. We left Cali too and now we are able to go vacations and cruises and such; things we could never do in Cali because we had no money...
I agree Cali is too expensive and liberal. At this point, only good thing about California is the scenery and weather, it's a vacation destination nothing else
@@Ozama1221California being so liberal is not a deal breaker for all retirees 🙄
@@Ozama1221It’s not too liberal.
Which state did you move to? I'm a CA resident about to retire.
Who anyone who needs it:
1:40 Kentucky
3:42 Mississippi
5:17 Washington [State]
6:19 Maryland
7:35 Rhode Island
8:32 New York
10:05 Louisiana
11:25 Oregon
13:00 Arkansas
14:16 New Jersey
If I could add one to this list, I would say Pennsylvania isn’t a good place to retire to. I’m from Philadelphia and that’s definitely not a good place to retire. Pittsburg is getting better but to be honest it was one of those cities that was never good from the moment it became a city. Idk about Harrisburg but last time I was there it didn’t look ideal. So if you don’t like major cities, getting taxed just for breathing and worrying wether or not the Schuylkill River will have latex in it again, then PA isn’t for you. But let’s say you do want to retire in PA and you have a lot of money or a fairly decent amount of money, here are some places I suggest.
1. Jim Thorpe (Peaceful place to live on but it is pretty expensive)
2. Lancaster (Live along the Amish people! They are very welcoming! Trust me!)
3. Hersey (Not much to say, it’s just a good place to live in. Plus Hersey Park is there so who would say no to that. The houses are very nice as well.)
4. Gettysburg (No there aren’t any ghosts there. You will be fine. Great place to visit obviously but also a decent place to retire to as well. It’s actually considered to be one of the best places in PA to live in, let along retire in. There isn’t a lot to do in Gettysburg but it’s not near any major city [York doesn’t count!] and it has a lot of history.)
5. West Chester (Very peaceful and a surprisingly great place to start a farm in, depending on the amount of land you want. Houses are pretty good and it isn’t too far from Morgantown, if you need groceries or other stuff you can take a trip there. Plus Morgantown is 80% farm land so luckily that area is nice too.)
6. Quakertown (If I had to pick a place to retire to in PA, I would pick here! Honestly one of the most beautiful places I have seen! Cost of living is 12% higher than the national average so keep that in mind)
7. Lahaska (The cost of living is 18% higher than the national average…BUT!….it’s worth it! You wanna go back in time when James Madison was kicking Great Britain’s ass?!? Lahaska is the place for you! The houses are “colonial” at least a good amount of them are. And the stores here are just something you can’t really experience anyway else. If you are ever in that area PLEASE go to Peddler's Village. You will thank me later
8. Danville (If you think Lahaska isn’t colonial enough or Gettysburg isn’t old enough or Lancaster smells like horse poop, then Danville is for you! The only reason not to move there (outside of not having a lot of money but that applies to the whole state) is it’s population. It is small! About 4,600ish people small! But the houses are…oh my god! The houses!….The 1800s never left here! You get a great community just like Lancaster, a good amount of history like Gettysburg and the colonialist style homes of Lahaska. EVERYONE WINS!)
Now these are just my opinions! I suggest doing your own research and definitely visit these places just to see if you like them. It really depends on what you want. Some people that retire want to live in a cabin in the mountains with a pet buffalo by their side and shotgun on their lap. Some would like to live in a city. It’s up to you. What I do suggest is staying away from Philadelphia. You can visit, definitely do that! But don’t move there. The surrounding areas aren’t that much better but there are a few that are ok [Oaks, Blue Bell, Media, Malvern and Montgomeryville are just a few examples]. There are other places that are pretty good too but I didn’t do enough research on them and I haven’t visited them. [Buckingham, Dublin, Maple Glen and Pottstown are some examples]. Also 1 more important thing! If you Google the best places to retire to in PA, you will find that Richboro is on many of those lists…..STAY FAR FAR FAR FAR AWAY FROM RICHBORO! It’s starting to become ghetto and they are building more apartments there than houses. DON’T YOU MOVE THERE! DON’T YOU DO IT! Ok that’s all I have to say. Thanks for coming to my TedTalk
Thanks for the comprehensive report on Eastern Pennsylvania. In anticipation of a serene retirement I moved from New York to Pittsburgh in 2005. At that time Pittsburgh appeared on most of the "Most Livable Cities" lists. Not anymore. Pittsburgh has collapsed with such ferocity that the statisticians have not yet caught up with what could be compared to Detroit on steroids. My suburban neighbors don't even know what happened unless they get called Downtown to show up at the courthouse. One of them recently told me that the walk from the parking garage to an attorney's office building could only be described as "A Walk Thru Hell".
my grandparents live south of pittsburgh is that a good area?
Thank you! I was hoping someone would list them.😊
Thanks much
When neither California nor Illinois are on the list, then there's something wrong with the list.
I am retired in Mississippi. And my friends in higher-end areas (like Boca Raton) think I am nuts. But, here I could afford a 4-br. house with 7 acres. A second house to rent out. An 8-unit apartment building, and a 3rd house down the road in New Orleans. We can afford to fly anywhere we want to visit, drive nice cars, and everything is paid off.
@@440tomcat why is that?
Hoping to do something similar myself if I can afford it.
@@440tomcat I would be much more worried if it were commercial or office space.
Hey there Duke! I sold the 'cottage' I owned in Mississippi. Loved it. Used it as a rental til my renters moved to NJ. A lot of what you say in true about Mississippi Briggs. I live on Social Security and I can afford to live there. Oh..lots of great Blues music! Yes I do have family there! And Tupelo is terrific!
@@francineroot-adler7205 I am headed back towards Tupelo this weekend. It's gained a lot of jobs, so it's no longer super cheap. But they have many good restaurants. And my daughter is at the MS School of Math & Science.
@@Duke_of_Prunes if the city itself is not cheap then the suburb area might be.
I am in extreme southern Maryland and it is difficult to manage here because it's expensive, but the areas close to DC are still far more expensive than this area.
I’m so glad my husband and I have done the SS and Medicare thing about 10 years ago! I had been a volunteer at our local Senior Center and had listened to a speaker. Great advise and I managed everything with SS and Medicare myself. My husband actually listened to me when it was his time - first and last time I might add!!! I still don’t understand why the government has to make everything so ridiculously difficult.
the government makes things difficult because a certain percentage of people applying will get frustrated and give up - AND THEY GET TO KEEP THE MONEY they didn't expect us to live this long anyway -
The gov is full of unqualified idiots, they cannot do much well
I live in the northwest part of Washington state. 17 years ago I moved here and bought a small condo for 140K. Even after enduring many years of the great financial crisis, my place has more than tripled. Cost of living is not cheap, but if you love outdoor recreation and natural beauty, it's unsurpassed. Dad taught me to be financially literate. Retired @ 57. Thanks Dad!!!
Which part of WA? I'm looking into Island County
@@lynksis12 Bellingham. " The city of subdued excitement" :>)
@@michaelmiddleton3311 A Bellinghamster?!?
I'm in WA also. We moved up here in 1983, and bought a small house for 45K. Sold in 2010, when I retired, for 140K. At that time, we bought our current house for 120K cash. It's currentlyvalued by the county at 600K.
I learned how to invest from a friend that was very good at it, and I was able to but this house, and fund a retirement's worth of vacations.
@@michaelmiddleton3311Bellingham is on my short list of places to retire to!
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
It actually depends, best move is to adopt or consider advisory management
this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified
Unless a person has been generally wealthy his whole life long - not a millionaire, but just far more wealthy than average - then it's somewhat lunatic to expect to live a life into the distant future in retirement as well as when you were well employed.
Electing Democrats causes this
I wish you would have talked about the tax burden for these states
There's a lot of it. You don't want these (checks notes) tax burdens. There are 40 other States that are better. You should go to one of those.
It's politically incorrect to complain about high taxes or inflation. Don't you want to defend democracy in Ukraine? Are you a Putin sympathizer?
🤡
@@TheCharleseye going to have to disagree with you because you have obviously lumped California into your comment. One of the highest tax states in the country and we won't even talk about the crime and homelessness in that state. Thank you but I'll keep my brick home in Arkansas that has doubles in value since 2008 when I purchased it. I'm retired and live on SS only with no problem, in fact I havent changed anything other than paying off my home and vehicles since retirement and still have plenty left over after paying monthly expenses.
stay away from Virginia
Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
consider financial planning.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
I totally agree, I'm 60 and newly retired with about 1.2 million outside retirement funds, no debt, and very small dollars in retirement funds compared to my portfolio balance over the past 3 years till date. tbh, the role of the invt-advisor can only be overlooked, not denied. just have to do your research in finding a reputable one.
@@jeffery_Automotive I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
Finding financial advisors like Julie Anne Hoover who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.
Effective personal finance management matters more than the income source, whether from a job or investments. A certified financial advisor can offer tailored guidance to reduce expenses and boost income, optimizing your financial situation.
I completely agree; I have approximately $650k in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?
Her name is “Sonya lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Low life expectancy in KY can be explained by 1 visit to Walmart, where 80% of the people are obese, and are pushing shopping carts full of junk food and Mountain Dew. Where is the Health Education? It makes me sad, because the people are so friendly and the state is spectacularly beautiful.
Your life expectancy isn't based on the bad eating habits of others. The life expectancy use here is misleading.
Where is the education, in general?
I made an epic mistake buying a RAV4 built in Kentucky. Third-grade dropouts can not competently build cars.
@@CJinsoo Life expectancy is a statistical measure of a population. It absolutely is dependent on the poor(or good) eating habits of the population, among many other factors.
It is also a highly polluted state due to poor mining practices, which are due to low education.
I would wager that Kentucky's abysmal life expectancy is about the same as the set of people who exclusively shop at Walmart and other trash stores.
It is not a coincidence that people in well-educated states live longer. Stupidity kills.
@@CJinsoo 💯👍
U right Tess!
But it is nationwide ( very wide ) 98% of boomers are fat and stupid,
I’m 55 from Southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management.
Glad to hear from another buckeye! comfortable retirement depends on your lifestyle...
If i was in your shoes i'd consider financial advisory, you’re only 55. I think the average life expectancy in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen.
I agree. Based on personal experience working with a financįal advlsor, I currently have $2m a well-diversified portfolìo that has experienced exponential growth from when i started. It's not only about having money to invest in stõcks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Glad I found this discussion. My portfolio hasn't done well lately, and I think I need a financial advisor. How can I reach the person helping you?
She's known as "Melissa Elise Robinson". One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
I’m over 40 but retirement isn’t a concern. I could never afford it so I’ll die at work. Problem solved.
Start saving now.
Research the following words: "Warren Buffett, Index funds, compound interest.
😂
I'm just trying to save enough for a little vacation and M.A.I.D. since retirement isn't happening lol
That's depressing, but I'm pretty much in the same boat
An interesting strategy is to live near the border between a good state and a bad state. You can live in a tax advantaged and low expense state but with a few miles drive reap the benefits of the high expense state. That is something to consider. I have looked at a very low tax state that was within half an hour of the resources of a high tax state.
Yep, a lot of people who have retired and now live on the border of MN. Better medical care in MN and Medicare works in either (Advantage plans/supplementals are often for 5 state area).
@@IHeartQuilting2 Let me guess, you are referring to Hudson?
What states have you looked at
An example is living in Vancouver, Washington (no income tax) but shopping in Oregon (no sales tax). You are supposed to pay Washington's sales tax (very high!) on stuff purchased out of state.
Thank you for this info. You hit the nail on the head about WA. Our healthcare is expensive and good but I work for a large healthcare org on the Western side and you can not find a Dr that's taking patients. We haven't for years and there's not an end in sight. Dr's keep retiring or moving to other states which force people to use the ER for just day to day care. The average wait time at the ER is 12-16 hours!! Same issue with vets, dentists and specialty Dr's. I love it here but as I get closer to retirement I know that I can't afford to stay here.
The interesting thing is that I read an online article very recently that went through all 50 states, and they had Arkansas as the #1 place to retire, so I guess it is all in what you are looking at. Housing is very affordable, and the cost of living is well below the national average, and those were big factors. I am from Little Rock, and while the city as a whole has some bad crime stats, it is pretty much restricted to certain neighborhoods, and if you stay out of those, it is a great place to live. I am now retired in the northwest corner of the state, which is routinely on top ten lists of the best places to live.
The reason that the N.W. corner of the state is so popular is because it is just below Gods country that is Missouri.
@@renemarie5936 I am just hoping we can keep things awesome. The population of the three-county area that makes up NWA is supposed to double by 2035 from 500,000 to 1 million.
Bella Vista ! And Ozarks! Alot retired folks enjoying life in hills.
I've heard nothing but good things about Arkansas from real-life people.
@@esotericsolitaire The people are great all over the state, but there are areas that are very nice and some areas that are "less nice". If I were moving from out of state, I would have northwest Arkansas high on my list, but also look at the bedroom towns surrounding Little Rock.
Retired from Dallas to Rogers, AR. NWA is a fantastic place to retire, but I hope people pay attention to your video.
Interesting video. You should have included states that tax social security and states that don’t.
Mississippi does not tax those nor do they tax my pension.
California doesn't either. It would be considered a regressive tax.
We retired to Florida (no income tax, lots of sunshine, good healthcare, senior-friendly in general). Of course, property is getting very expensive due to over-crowding from the north, and you have to deal with hurricane threats/hits, and Republicans are working hard for their corporate/maga masters, so there's a lot of calculations that go into it. We found a nice, fairly friendly, liberal county on the Gulf and are quite happy.
I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
@@TomD226Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Be your own bank and acquire a safety net.
Real money is silver and gold...
Don't go all in hold as an insurance policy...?!
Acquire income earning real estate....
Keep just enough cash in the bank to pay for your expenses
Get yourself an annuity
if you invest in dividend stocks that average 6% return & only spend 3to 4% of it when retiring you will be ok.The American funds has some time tested funds that are dependable.Just remember to not pull the funds out when times are bad otherwise you will lose valuable $ as it returns.
I live in Oregon and I have seen comments on Nextdoor that suggest that we should stop all growth and keep people from moving here. I always remind them that the local Natives probably said the same thing when the Oregon Trail got established.
And boy, were they right! Or wasn't that your message?
Homeless encampments 20 people killed by an improvised boom device over drug wars and an antifa enclave it never been this bad.
How did that work out for the natives? All those damn European immigrants ruined the whole continent!
wait until the Southern states become unlivable (soon). Imagine Oregon flooded with Floridian refugees and try not to have bad dreams
@@daviddestin1990Anything is better than the CA refugees! We’ve had enough of them ruining Oregon
My major concerns when retiring is taxes and insurance. State tax on your end of the year taxes, and property taxes. Also home insurance and car insurance are important. After I recieved a homeowners insurance bill for 4,100 dollars per year, I decided Florida is no longer for me. Look at all the angles of retirement. I was in hurricane Ian, not again....
In Alaska we get a $258,000 property tax exemption on our primary residence. Property tax is the only tax we have. We own a couple of properties, one being a small duplex we live in and a remote cabin. The duplex income pays things like utilities and property taxes on both places. I just put 48 sockeye fillets (24 fish) in the freezer and we grow our own produce 7 months a year in a greenhouse. We have good healthcare but everything else is expensive. I’m 70
That homeowners insurance is becoming a big factor, with all the fires, flooding, and downright crazy weather we're getting.
I looked at taxes: city taxes, county taxes, state taxes, federal taxes, Medicare taxes, social security taxes, sales taxes, gas taxes, special hotel and restaurant taxes. That is all I can think of.
From the recent news of some property insurance agencies pulling out of florida and the rising cost of flood insurance, it sounds like you got out at a good time. I've always wanted to live in florida but I guess I'll never be able to afford it.
When Maryland came up it reminded me that my property tax were taken out today lol.
I already live in Maryland and unless you can get into the public sector it is impossible for one person to earn enough to live here from a job alone.
The main problem here is that there really is no private sector for jobs that pay anything here. For instance there don't seem to be any warehouse or manufacturing jobs here, even though those jobs can have a good salary and are fairly straightforward. But on the other hand nowhere else in the private sector is hiring consistently here except fast food or retail establishments which require doing multiple different tasks (as needed) and don't pay anything.
It sounds like you already have a house though, so high prices for rent, etc. in this state probably don't affect you like they do those who have to rent. Property taxes are probably just higher here in general, but they can start out higher if a house is in a more desired area, if it has a lot of land, and/or if it's a bigger house. This is why with newer houses you'll often find huge homes with almost no yard, because people who can actually afford those homes probably want the most house for what they pay in taxes anymore. But the taxes can still go up later if the value of your property is said to have increased.
@@wrestlerx8494 I’m originally from DC which also is insane. Fortunate enough to have a decent job and currently living alone. Also inherited some money from family. If it were just my salary alone and paying for rent it would be rough.
Im from Montgomery county born and bred I left 5 years ago
Moved from NJ to WV 1 year ago. Thank You Sincerely my friend. Your always welcome here❤
I have lived in 6 states in my lifetime. Each brought its own unique culture, politics, lifestyle, etc.. I have also visited I believe about 2/3 of this great country of ours, and have generally enjoyed meeting people from all walks of life. We really are a very diverse country, with a lot of different viewpoints and ways of thinking. I'd like to think I'm a more tolerant person for that reason, that I realize how different people can be depending on how they grew up and where they live.
@@Rest323 Totally and theoretically wrong !
Well stated..
During hurricane Ian last year I remember that poor woman in a wheelchair who was up to her neck in water by the time her son rescued her. So if you're frail you may want to consider your inability to escape floods.
Leave BEFORE the hurricane gets there.
These shows are a HOOT! Keep up the great production!
I live about 50 miles outside of Seattle, WA. Washington is okay but Seattle has become DISGUSTING. Garbage and graffiti everywhere. Homeless people camping all over the place. Most of the city parks that used to be nice are now full of tents. Many of these problems have gotten much worse in just the last 5 years. Washington has some great outdoor activities available to us, but I would never move into the city of Seattle.
Big issue with Seattle (as well as Portland) is exactly what happened to Southern California many years ago. So much attention about its natural beauty and livability induced thousand to move to the regions/towns. Slowly turning into overpopulated very expensive places. Unfortunately overpopulation has a ton of negative effects on places such as homelessness and crime. I love Washington state and still enjoy visiting Seattle from time to time but until the population diminishes some and they can get on top of the homeless/drug abuse issues it's gonna be hard to live around. Even with that I would move back to and retire in the state in a minute...as long as I wasn't living right in the King/Pierce County metro.
Seattle is horrible disgusting. Used to live there and visit every other year. No desire to visit Seattle anymore.
That is heartbreaking. It was starting to feel uncomfortable back in 2018 when I was working in W. Seattle. I'd often explore Seattle on a day off, and sometimes feel a little nervous at night if I was alone.
My son worked in Seattle from 2009 to 2016 ( and lived in Kirkland! I fell in love the few times I visited Seattle as he was able to really show me all kinds of wonderful things, but I’ve seen and heard what is happening there and so many other cities and it makes me both sad and angry! This homeless/illegal people situation is so out of hand that I’m not sure if or when it can be cleared up! We all know who is to blame!!!
Wow, the city must be run by Republicans...Oh, wait!!
We left CA for S/W Illinois for my job. However my wife is on early social security do to end stage renal failure. IL has more choices than many for her si ce she is only 55. Some states have absolutely terrible coverage for her. We love the area, very affordable housing here!
All the best to your wife, Jeffrey.
What part of SW
Yeah Jeff, I'm sort of in the same boat. I'm 74 and returned to my hometown in Macoupin Co. Illinois after my father passed away. Four years ago i caught a rare disease that affects my kindeysl lungs, and entire vasuclar system. I almost died. In addition i have COPD after years of smoking ( quit in 2013) and I have to say the best thing I could do for my health was return home. There are two hospitals in the county, plus one within 15 minutes from my home,. Also I am just an hour from three University Hospitals- St. Louis University Hospital in St Louis. Southern Illinois University hospital
in Springfield IL. And Washington University with Barnes Jewish Hospital Complex one of the top 10 hospitals in the country. Our crime rate here is very low. I am a retired attorney who practiced here and resided her for 33 years now and I don't think there were more than 25 murders in the county since I have come back. Most of the crime is methamphetamine use and possession, with domestic battery, uninsured, suspended , or revoked license, DUI, and mostly shoplifitng and theft under 10,000 dollars. Our schools are new or maintained and graduation rates usually excede 80%.. The poverty rate is between 20 and 25% but there is little blight or homelessness. We have chain stores here or in nearby counties and a variety of grocery stores, including Aldis and Walmart. There is also Dollar General stores for the budget conscious. There is some public tranportation by taxi and bus and we are close to Interstate I-55 and have passenger railroad service to St. Louis and Chicago as well. House prices are reasonable but rising.
How's the medical care in the area?
Cant really compare Illinois to California when in comes to the outdoors and climate. I would rather pay more for the 5 extra months of sunshine and warm weather.
The worst state I'd want to retire in is the state of poverty. Sadly, that's looking more and more likely the last few years.
Keep plugging away and trying to live on less than you make. Bidenomics makes this hard, but we will all survive this era. It won't be easy, it won't be fun, but it will be transitory. Good luck making it through it.
Americans getting their financial comeuppance! Try some more Trump 2024 maybe that will help??? Americans LOLLLLLLLLLLLLLLL Hilarious!!!!!
@@Baxterbrookies You're kidding, of course, about Trump. He's a billionaire but will email you every day asking for more money.
@@robedmund9948 Plenty of Americans doing well?Meanwhile, back in reality a recent survey of Americans found almost half could not endure a 400 dollar emergency.
And then there's this Bidenomics nonsense you seem to try to use as a cudgel. The price of gas and groceries went up around the world not just in Amerikkka.And the US is at a record 54 year unemployment low.
America's always been a mess.and while it has gotten worse lately it's not just happening there. Nor is it because some party before country partisan hack wants to cry to strangers about how Biden hurt their feelings for likes and approval.
@@bobbybob3865 Yes, I was kidding. I was mocking Trump and his deluded low information voters that would follow him into quicksand or off a cliff with tearful devotion.
The guy had a worse job record than Herbert Hoover and is going to jail for a long long time. And his multi-decade association with Jeffrey Epstein and his press conference where he lamented Ghislaine Maxwell going to jail really just makes his supporters plain gross.
You were spot on with the Maryland stats. I live in MD, about 10 miles south of Baltimore. We are leaving (Lord willing) and moving to South Carolina because of how expensive the cost of living is in this state. MD is considering taxing social security in the near future and if/when that happens, you will see a mass exodus out of this state. We’ve already lost a lot of retirees since the beginning of the pandemic.
Yep I’m from Montgomery County Md and I left a few years ago
Well, keep in mind that you are leaving a blue state with crushing taxes and law enforcement strategies and over regulation. If you vote for the same policies in your new home you may ruin it as well. I grew up in PG County and I left in the 90s
We had friends who couldn't wait to move out of Baltimore, because of high crime. They moved to our small town in the mountains of Virginia, and never been happier.
Good luck with your move!
By the looks of things, it seems like no state is going to be good for retirement. Every state is either becoming extremely expensive or extremely impoverished. No in between. I'm afraid for the future. Great video!👍🏾
I agree.
Afraid of what?
@@garyjones3142 Afraid of the way the world is going. It's not looking very promising.
Middle class is getting squeezed out.
I'm so happy my last two jobs had a pension!!!!
Back in r
The 2008 world crash many private pensions disappeared but social security still paid out checks to people. And even if that doesn't happen they have other ways of moving to the cayman Islands leaving the pensioners high and dry.
I’ll stick with California, there is no waiting for a doctors appointment and no waiting for a hospital room , if you go to the emergency room you will be seen with in about half an hour. I pay a lot for medical insurance but get the best care. I am 79 yrs old and would never leave California,the weather is great , I live about 45 minutes from San Francisco.
@@Travis12861 muh west Virginia is better 😅
Good points in this video and that’s why I’m gradually getting setup to retire in the Philippines in a few years
New Jersey born and raised.
The worst aspect for retired people is the crazy high property taxes.
But those taxes create our excellent schools and police departments big enough to actually keep everyone safe.
It is a very safe state without counting the derelict cities.
No one goes to the cities like Newark, Trenton, and Camden.
Everyone leaves them to their own demise.
Their political leaders have destroyed those cities.
They were once beautiful cities, until certain people came in and destroyed them.
Now, there is no reason at all to go to these cities.
you should aslo talk about taxes- income, sales and real estate. Some states are ridiculously high like new jersey and new york, while others are more doable.
The real metric isn't how high taxes are, but what you're getting in return for those taxes. In some high tax states, the benefits are totally worth it. In others, it's money down the drain.
I'd have factored in whether or not your social security is taxed. This varies from state to state, and none of the states in this list do this (RI does but not for retirement).
Washington state is a good state to work in during your career, as it has no state income tax. But it has a high sales tax, so once you retire, you might want to look at Oregon, as it has no sales tax, but a high state income tax.
Don't forget property tax....
I don’t care which states you retire in, it’s how you plan your retirement. Pay that house off, stop carrying debt, choose how you travel and how much you travel. We did all of the above and live in California, born and raised here and we’re doing just fine. Yeah we hear people trash CA but the quality of life (weather) is unbeatable! We have family and friends that live in Arizona and Texas and the first thing they ask us is when we’re moving there, have you been to Arizona and Texas in the summertime? 🥵
I moved to Tx from IL... this summer... omg! I don't see doing this long term. Wished I could afford Cali, but I am not close to retiring so I got time to keep working at it.
Hot summers? You obviously don’t live in the Central Valley.
Yep, took advantage of cheap, good higher education, (I’m a “state” grad not a “UC” grad) eventually high salaries and bought a house in the mid-nineties for under $200k, now worth $2M and paid off 10 years ago. Living by the coast in a safe city and outstanding neighborhood with a bundle of cash retired at 60.
From one old timer to another, you are spot on. Opening sentence: cannot think what would replace that as Numero Uno. Lived in southern CA 40 years, north 10 years, Nevada last 20. Use to love the heat, but not now; weather in CA is missed badly.
We moved from the Bay area to Austin, TX. We lasted two years and moved back to the Bay area. The guy who hired me said "Ain't it great we don't have state income tax in Texas?". Then he progressed to cut my salary by 15%. My state income tax in CA was less than 10%. Other than that, the folks in Austin were nice enough, but we really don't like the humid armpits weather, and the lack of natural beauty and outdoors activities.
There are so many factors that can cause problems when you retire. So, for example, Hawaii. For Seniors with cash, this is a place to be with the highest life expectancy. However, this state has the highest suicide rate. Also, the cost of living is getting expensive quickly. Most of the food is shipped in. The land is getting too expensive to farm anymore.
Hawaii has been crazy expensive for a long time. I think the life expectancy thing is about primarily 3 things: clean air, clean water, and physical and outdoor activity being the core of local culture. You can get the first two pretty much free, but the third demands effort that a lot of seniors aren't willing to put in and were not raised to appreciate.
@@MarcIverson Guess what state now has the highest suicide rate.....Hawaii!
Hawaii does not have anywhere close to the highest suicide rate. The highest rate is Wyoming, at 32.3. Hawaii is 12th LOWEST, at 13.7 deaths per 100K per year. New Jersey is the lowest, at 7.1.
I've been in Hawaii during shipping strikes and that's a scary thing.
@@thomasmaughan4798 Hawaii had a toilet paper panic back in the early 70's. It's just in a delicate place because it is so dependent on outside products and services.
Would like to see stats for NY State without NYC. I have been looking at houses in really rural areas like Chenango County and you can still get many homes under 150000.00 w/taxes that are nowhere near what they are in neighboring NE PA.
Thank You from the Finger Lakes region.
@@thedriver146 You are welcome! You live in a beautiful part of the state. I feel the phrase taxes are high is all relative to where you are moving from. Another funny thing is always seeing NY as a blue state when quite frankly most of the state part is actually conservative and typically b/c of NYC it is marked as blue. lol They should be separate!
When I was 20, I thought I was going to live forever. Now that I'm in my high 70's, I'm not so sure about that...
im in my late 30s and im starting to feel that way.
Absolutely! I hope I make it to my 70s.
Same here... who'd that we'd get this old?
@@bukboefidun9096 I never did.
@@bukboefidun9096 I have no idea. I was 29 last week and now I am 65. Where did it Al go
Except for issues directly involving state law, I'm not so sure that State is the best level for this kind of analysis. There are many homogenous regions potentially of interest to retirees that include portions of multiple states, and many states are quite heterogenous, including multiple regions that might be of interest as places to retire, but which have very different qualities.
12:00 Facts! I knew briggs would show his cali roots. ❤❤❤
I am not certain that Life Expectancy should be much of a concern for retirees. Well, retirees that come from other places. Surely, where you spent the majority of your adulthood is more important than where you decide to spend your retirement. If I lived my most productive years in a place with a high Life Expectancy score, then moved to a place with a low Life Expectancy score when I retired, I am pretty sure that the habits that I formed in the one place (that presumably increased my Life Expectancy) won't be totally offset by moving to a different place. Does that make sense? It does in my head. I hope I expressed it properly in this comment.
Except that access to good medical care can greatly influence your life expectancy, as well as living in a community where large amounts of people (peer pressure) are active, eat healthily, don't smoke, etc.
Briggs:
Perhaps you've done one of these videos, (perhaps not) but I'd like to see a list of the "Ten Best States To Own, and Drive A Car In".
Insurance Rates
Accidents
Best & Worst Roads
Most & Least Likely To Be Ticked In
Fuel Cost
Cost to Register and Plate
Also factor in states that impose additional hoops and hassles like annual inspections, or emissions tests.
Thanks
i do think the list actually over looks the biggest challenge in retirement. if the state doesnt have high quality and available health care, the rest dont matter. since as we get older our health issues will be larger and more impactful. i am in Arizona (Tucson area, and just to see a new provider, can take 4-8 months. if you are lucky.). and the health care providers here are overwhelmed, and dont have enough people to do the work. among other challenges is that you cant really call them, and if you leave a message, its unlikely you will get a call back.
You forgot to mention Arizona allows nurse practitioners to work independently without a doctor's direct supervision. Urgent cares are primarily staffed with these minimally skilled people. So even if you have a family doctor you need months to get an appointment. Which leaves you dealing with nurse practitioners in free standing for profit quasi-clinics or heading to the ER at overinflated prices. We are also flooded with illegal immigrants, people who left California, and other woes like rapid development outpacing available water supplies on the desert and horrendously bad public education. It used to be a good place. no more.
I’m from Arkansas. Yes, there are many places in the state that the property level is bad and healthcare limited. However, many people retire in the northwest corner of the state where Walmart has their headquarters. Because of Walmart, the healthcare in that area is great and the cost of living is extremely reasonable. It is also beautiful and the weather is nice. Little Rock is a beautiful city with wonderful healthcare. There is crime, but it is isolated. The west part of Little Rock is safe and would compare to some of the best suburbs in the Dallas area. Little Rock also has one of the best cancer and children’s hospitals in the country. Arkansas does not deserve to be number 2 on this list!
around yellville is real nice. wynne ar. is a good place to live hell of a lot better than being stuck in la.
You would think that the most important criterion in what makes a state a good choice for retirement would be cost of living. How can Arkansas be rated so poorly with cost of living 20% below the national average? Crime is a problem but is localized and those spots can be avoided. Health care is excellent unless you are in the boonies and I would say that this is a 50 state issue. Winters are mild and the countryside is beautiful. I live 40 miles from Little Rock quite close to Hot Springs. It is quiet, traffic free and full of incredible wildlife. My wife and I live without financial worry with a lifestyle that would be unattainable in much of the US. Oh yeah, did I mention our cost of living is 20% below the national average!!
This Briggs guy clearly hates Arkansas, especially Little Rock. This is not the first video. I live in Massachusetts and used to live in LR. And really except for the 12th Street corridor and parts of Southwest, Little Rock is actually a pretty nice city. Beautiful naturally and some very cool neighborhoods.
@@KingBrandon-zd3ciI left Louisiana two years ago and moved to North Central Arkansas. I love it up here. Planning to stay here for the rest of my life.
I dislike Arkansas quite a bit, but I agree that it does not deserve to be on this list. AR does not have a lot of things going for it, but there are some good healthcare places and the cost of living is really cheap. It makes sense to retire here.
Great job as usual. Thank you for all your time and effort Briggs! Keep it up!
As a former long-term resident of Maryland, I agree with Briggs' assessment. I do wish to say that Baltimore is NOT Maryland. I spent 25 years in Annapolis and still have regrets for leaving ten years ago. A representation of the Maryland flag is my front tag on my vehicle.
My girlfriend and I (both retired) live near Annapolis,....and enjoy going to Rams Head for live music. We have traveled the country,...and are open to retiring anywhere..However,....we have come to the realization ''why move'''?,...we are already living in paradise.
I love visiting Annapolis, especially for the boat shows and I have a family member at the Naval Academy. Long term live aboard sailing is definitely in my future and I would definitely make Annapolis a go-to for a summer hub for stateside visits. It’s a good central location to touch base with northern and southern friends and family.
Democraps destroyed your state
@@Tonymanero1960 I miss Annapolis, DC and the Bay. Not to mention the friends I left. I agree with you 100%.
I live in Millersville, MD which is near Annapolis. I am about three years away from retirement. Not sure if i am going to move out of Maryland.
Hard to believe Illinois didn't make your list. I worked with a guy who grew up in small town Illinois and really wanted to retire there to be close to family but after looking at the numbers, he felt he would have to be nuts despite being able to buy relatively inexpensively.
Interesting that you mentioned fishing to provide a meal. I know Vietnamese-Americans approaching retirement that find those areas appealing because it reminds them of how they grew up.
My mom retired to Arkansas after 40 years in Illinois(Cook & Du Page counties). Her annual property tax in Arkansas is equal to one MONTH in Illinois.
I am from Illinois, and I lived in Europe for a while. It is definitely cheap in comparison. I can afford IL just fine, and so can most people, but I think the small-town citizens struggle since their incomes are so low compared to Chicago(land.)
Just a note, Illinois does not tax retirement income.
@gary, Chicago alone is a dump, but what political party has ran Chicago for the last 60 years?
I'm from Springfield, Ill. I would never go back there! HS friends (I'm 58) are trying to leave it.
Was planning to relocate back to Jersey this year but quickly changed my mind after a few days of research…one would need at least $$$$$$ to live there comfortably 🤦♀️ Yep, I guess I can’t go back to retire 😭
Just live within your means, and never leave the state - and you'll be fine. As a former NJ realtor I was always listing homes in NJ from folks moving to PA or other less expensive states. They'd sell their homes for a boatload, buy cheap elsewhere - but I'd tell them, you'll never be able to come back. Your house in PA will never make the gains you saw in NJ. Lived here all my life - I'm 70 now - never made huge sums of money, but lived within my means. Now that I'm retired I have the senior property tax freeze (but only for those that put in the time). No problems living comfortably - been in same house for almost 40 years.
@@blujeans9462 THAT IS WHAT I CALL A REAL SMART, INTELLIGENT PERSON IN THE PLANET.
@@blujeans9462 But you're stuck in NJ, which is a punishment all its own... 🙂 Lived in SNJ during high school, and honestly, I'd never want to go back and live there again. I don't even feel the need to visit...
@@AndrewAMartin lol! Ahh - but it's been my choice. Truth be told, I also own a vacation home in PA - and sure there is a part that wants to throw in the towel, sell my NJ home, move there permanently. But, there is something about NJ that can't be found anywhere else (excellent restaurants - around every corner; the best hospitals; easy access to most interstates - if you do have the urge to get up and go; close proximity to stores - but never too far from a great farmers market for great produce from the Garden State; good schools in many areas; fair gas prices; pensions and SS not counted for some; not to mention: perfect 4 seasons - and so much more.). I can tell you, I'm hard pressed to find even some of these things near my PA home. :-).
In many states, it also depends on where you live in that state. We live in North Carolina in the county directly north of Mecklenburg which is where Charlotte is located and am ever so grateful we landed here rather than dawn there. The property taxes along would have killed us!
Western NC is gorgeous. Murphy and Franklin are nice affordable areas. It's also a convenient drive to most of the surrounding tourist destinations too
@@biffmalibu3733love Franklin
3:21 that Procter & Gamble building is in Cincinnati
Hawaii has the highest life expectancy because you have to be rich to live there. Has great healthy food, great weather, views of the ocean everywhere, no stress, …..
That's an important point. It's also why examining life expectancy in a place like Mississippi is difficult. People who are in a financial position to leave Mississippi will often do so at some point in their life due to things like job opportunities elsewhere, going to college out of state and then starting a new life, wanting to be near a larger city, or unfortunately escaping some of the poverty and crime in Mississippi. I'm not saying everyone does that. But many who have the opportunity will. So having a low life expectancy in the state may reflect the low life expectancy of people who never had an opportunity to leave. In other words, it's more a reflection of the poverty itself than a sign that someone from out of state would die earlier if they moved to Mississippi.
Conversely, if you don't have the money to retire in Hawaii is not like moving there anyway will cause you to live longer. It's the wealth and opportunity that is really being measured.
@@zacg_ Yes, very true.
Do Not send your children to public school in Hawaii. Terrible, don’t even think about it.
My bro-in-law retired to Mississippi for the tax breaks and low cost of living. He was also careful about just where to live. On flags, I think Maryland has a very unique and cool flag. It sure beats the popular state seal on a bedsheet style.
Ohio has a unique flag too
I like the new Mississippi flag .
@@glennrishton5679 the new Mississippi flag is an attractive and well designed flag, but it comes at the loss of their old state banner, which was one of the best around. Yes it was controversial with the Confederate portion, but to old rebel boys like me it was simply beautiful. Consequently the new flag comes with a lot of baggage.
Add in super high property taxes to all three pacific coast states: Washington, Oregon, and California. For retirees that particularly hits hard. I miss Oregon but had to escape the taxes and the crazies. My old home town of Eugene has the highest homeless population of any state, even worse than Portland. Not good as the residents pay for all the extra cleanup, services and camps they leave behind.
California has controls on property tax. Not perfect , but way better than some states. See skyrocketing property tax in TX for example.
Sorry to hear that about Eugene. I bet Medford and Ashland have gone downhill too.
I worked in the Hollywood film industry for 40 years and now I'm retired, lots of income from SS, pensions, annuities, life insurance and reverse mortgage, and great health care and safe, beautiful upper middle class neighborhood. Set for life and don't have to work.
Thanks for the video Briggs. I think something helpful/ important in these retirement videos would be to add whether or not the state taxes Social Security income.
Yeah this is pretty huge and a surprising oversight.
I actually think the Maryland flag looks pretty dope. Then again; I am from Baltimore.
Agree!
You think the winters in Rhode Island are “really harsh”? I live in Vermont and any storm with less than 6” of snow is treated as a heavy frost.
If you're worried about cost of living, why retire in the US? You could live pretty well on social security alone in a lot of countries. And you don't need to avoid Baltimore, thanks. If you wanted to, it's only nine miles by nine miles, so easy to avoid.
because not everyone wants to live in a foreign country. there are plenty of americans who won't even take vacations out of their own states.
@@rabidgoon That's true. But I reckon these videos aren't for those people.
I agree! I'm going to retire outside of the US one day 😊
I didn't think you could take Social Security payments overseas.
@@aer71367 there are a handful of countries where you could leave the USA and never return and continue receiving social security as always. most other countries you'd have to return to the USA occasionally for a period of time to continue getting benefits, and there are a few countries where you wouldn't be able to get them at all or would have to commit some kind of fraud to do so.
New Zealand - average life expectancy 82 years. Health care cost nil, unless you want to pay for private care, which most do not. Universal supperanuation for everybody over 65 is about US$1,000 per month plus whatever you have saved through compulsory savings for all workers.
Pretty funny video. My husband and I enjoyed it. And to share a disclosurer, we live in MD- Western MD- and we are starting to research what state we want to retire to. We’re certainly not staying in MD even though we love the peacefulness and the people in Western MD. Taxes and higher insurance prices and just overall cost of living will just eat away at savings. But actually wanted to jump on here and say your humor is a breath of fresh air! Thanks!!
Everywhere is expensive because of foolish energy policies implemented under President Biden’s administration!
I'm not sure if the life expectancy stats should be a huge factor here. If it is state ensconced in poverty, then infant mortality, children's access to healthcare, teenage suicides and drug addictions will lower the life expectancy of the state. If you move there at age 67, you avoid all of that.
Unless you actually care about your fellow citizens, then all that carnage may weigh on your own mental health.
Access to quality medical care also factors in, however. If you are 67 or higher, that can make a big difference.
I retired to Thailand 6 years ago from the San Francisco Bay Area. If for some reason I really had to come back I can’t really get excited about anyplace in the US.
That's what happens when you leave. I've lived all over the world for the past two decades, and I have to move back to the States soon, at least for a while. I'm not terribly excited about it.
What part of Thailand?
@@relaxationsounds6981 Central Bangkok for 6 years. We moved to the countryside in January. We built a house in Isaan near the Cambodian border.
@@martypoll That must be close to Preah Vihear.
@@Roguesta54 40 minutes to the barbed wire separating me from the temple
I live in Maryland, about 20 miles south of Baltimore. Every person I know retiring in the next five years plans to take their state-provided pensions and get out of here. There are beautiful places to live, but taxes are high, everything is expensive, and where I live, even older condos are 450,000 or more.
My parents retired in Maryland. They almost decided to move to Delaware, which may have been a better choice. But at least they're no longer in Montgomery County and are in Queen Anne's County.
@@GeeEm1313 some of the strangest and at the same time nicest people I ever met in my life were in Delaware. I'm sure the state is very different than when I was there forty years ago, but the insular life of those "south of the canal" was very apparent. They understood little outside of family, work, and community and were rather paranoid and suspicious of outsiders. Like I said though, it's bound to be different now.
Merlend is a nice place to live if you're a Marxist/commie "progressive". Shalom
@@GeeEm1313 I am also in Maryland but thankfully southern Maryland in a rural area nowhere near Baltimore. The only reason I am even still in the state though is because my husband's parents didn't want us to leave. But my husband has an older brother who lives in Utah and his younger sister just got married and is in Texas, but his parents don't want US to leave. I feel like we are being forced to stay here because they want us here, but I really can't even relate to people here because it's expensive and we are low income. Every other educated person here seems to have money and a high living standard, but my husband and I both have a bachelors degree but have never been able to get ahead. There is no decent private sector work here and you may as well forget getting into the public sector unless you know someone or have connections. I actually feel like people are desperate to work in the public sector because it's the only way to earn enough money to live here, and meanwhile the fast food places are always hiring without success because they have crappy pay.
I guess I am just trying to make the best of it since we have to live here, but I feel like everyone around me is actively choosing to live here despite how expensive it is. I just wish I knew that other people here would also want to move if they had the chance.
Please look at any where but Delaware
I remember going to New Orleans as a 24 year old grad student and being negatively impressed. The city was filthy. The hotel staff predicted that I would come back for a vacation. I have never returned. I would like to live in Maine during the hot summer months and Texas during the rest of the year.
the whole state of la. sucks
Spend more than a weekend there and you’d see there’s more than downtown and the French quarter
Wouldn’t we all?
I am a N.O. native and I agree with you.
@@stephendileo641me too, and I don’t enjoy driving through to get to the airport at this point. Thuggery rules my hometown.
As a Washingtonian, there are other parts of the state then Seattle which are affordable, have decent health care and, like all the state, no state income tax.
"and, like all the state, no state income tax."
Offset by exceptionally high sales tax and property taxes. Sales tax in particular is "regressive" with no allowance for low income.
What hasn't been mentioned in this video and probably does not need mentioning, is politics. It can be a deal-maker or deal-breaker.
True. It's why a bunch of folks live near the Oregon border, no sales tax there!
The taxes you mentioned are really user fees so people have some control over them whereas they have none over state income taxes.
@@thomasmaughan4798
Crazy list. Left Cali and bought a rural property in mid-western Oregon in '02....paradise. If I had to retire anywhere in the midwest, I'd slit my wrists.
LMBO.; I wasn’t planning to retire here after living in Cali, Fl, Virginia, and Arizona but here I am in the bleeping mid west.
We live in NJ and retired last year. If you don't have a high SS check and some other type of pension or other, it's tough. The property taxes are ridiculous. It's not uncommon to pay over 10K a year. They did just pass legislation so seniors can receive a 50% refund on property taxes starting in 2026. At present you can get around $1500 rebate every spring.
I'm originally from Tax Jersey. You can't pay me enough to move back there. NJ taxes pretty much EVERYTHING and has the highest property taxes in the nation. I encourage anyone at or getting near retirement to leave NJ and retire elsewhere. If NJ could find a way to tax you for using the bathroom, they would. I never met anyone that left NJ and wanted to go back, including me.
I have a house in California. Prop 13 has capped my property tax
Oof. My property tax bill tends to be around $1500/year.
We lived in NJ 5 years and moved back to Texas as soon as we could.
@@vickyburton2434 I'm originally from NJ but stayed in Texas when I got out of the military. You can't pay me enough to move back to Tax Jersey.
it is nice to see that California stayed off of this negative list.
Its is statistically the worst state to retire and live
@@unclefester6501 That's good to know. But I'm guessing they will tax 401k and IRA's?
California is #1 on this list. Maybe his metrics are bad for this topic. BUT in no way shape or form is anyone moving to Ca to retire. Almost all are leaving. Except the very wealthy.
@@JimmyMon666 CA has a capital gains tax that ranges between 1% and 13% depending on income level.
@@dennisd9554California doesn't have a capital gains tax. They consider it income, so the progressive tax brackets quickly hit you pretty hard.
You nailed it with Baltimore, Md. I grew up in the burbs 20 minutes from Balto and worked in Balto for over 20 years (moved away in the 90’s). Used to be nice (in the 50’s and 60’s) then deteriorated in the 70’s with the Inner Harbor renaissance occurring in the 80’s but shortly lived. Baltimore is a horrible place to visit let alone live. With all that said, I love the ocean and Deep Creek Lake and go every year.
I'm happy that Colorado or Arizona didn't make the list. Hopefully, when I get to the retirement age, I can move to one of my favorite states. Cool video ❤
Great content Briggs,cant wait to see the best states to retire list 2024 to come.👍👍
Hey man, I live in Maryland we have one of the coolest flags. It looks like a old crest family name or something.
The MD state flag looks like a flag for a car race.
I'm a Maryland resident & retired MD state employee....it's really not that bad! I live in the Baltimore suburbs...the city is pretty rough but overall Maryland is okie dokie!
Compared to what ?
@@gregorystinette8271 Compared to other states of course!
Born and raised in Baltimore city myself, (no argument that the city has big problems, like most other urban areas.)
and live about 30 minutes away from it now. Good schools for my kids, excellent health care, convenient to many places. We have the mountains and the beach. The bay is gorgeous. We are here to stay.
Baltimore does not define all of Md, just like Bakersfield doesn't define Ca, and St Louis doesn't define Missouri.
And we do in fact have the Best flag.
@@decemberschild1504/ lol
Retirement is becoming more of a dream than a reality for many people going forward. I live in Florida and this state has been known as retirement haven for decades. That image is slowly fading away due to runaway inflation and incompetent politicians. Most retirees rely on a fixed income. If you can’t budget what your expenses due to things out of your control such as hurricanes and insurance premiums, it will make it difficult to retire here. Florida is not cheap, most homes are in HOA communities and these places have a lot of control and can do whatever they want with prices. Lastly healthcare is is an issue in Florida. Due to the rapid increase in population, there is a significant shortage of doctors particularly specialists. Living in North Florida is totally different than living in Central or South Florida. The cultures are different. North Florida is not everyone’s cup of tea. South Florida can be like living in the north east. Central Florida is packed with tourists due to all the amusement parks.
I’m in Florida also. The 70s-80s dream of moving down here is an OLD outdated model. It’s only for wealthy otherwise you live below par compared to other cities. It’s not seniors here it’s now all ages and younger working urban.
I live in Bonita Springs we love our gov he is far from incompetent he keeps law and order. I own in SC a golf community its no cheaper than Florida. No homeless on streets here in Lee county.
Always look forward to your videos. I retired today.
Congrats.
I live in Washington and plan to stay here. I'm 66 now and will retire next year. My house is about half paid off so my mortgage is about what I would pay for an apartment anyway. Also something Briggs forgot to say is there is no state income tax here.
Washington has a lot of helpful programs for the indigent. And anyone can go to the food bank, no proof of income required.
The population in general is health conscious, with the exception of certain rural areas mostly east of the Cascades. I find the desert area to be very affordable and the health care to be reasonable and good quality.
I fully plan of retiring here too. Washington is the best state when it comes to quality of life. It's also among the most beautiful. The U.S. is such a dismal country, the prospect of moving out of my precious Washington is horrifying and sends me into a fit of melancholy.
@@zenobiaw831 I love WA. The people are great, even with "the freeze." The most obnoxious I've met drive great big ol' gas-guzzling trucks with darkly tinted windows. It's always pleasing to see them slide into the deep ditches in the winter. Other than that, no one has ever been rude to me. And yes, the state is gobsmackingly beautiful.
I like hiking in the rain and kind of hate sunshine. I love it here!
……I would just shoot myself now if I had to live in that miserable state. Miserable weather, Seattle has been destroyed, homeless, garbage, graffiti, filth…….no thanks. I need sunshine in my life for more than 5 minutes.
Pleas research your stats once again because Florida is most certainly not a retirees dream nowadays when folks are losing their homes over outrageously expensive insurance and increasing yearly and insurance companies leaving the state.
My parents retired in Florida , as well as my grandmother, aunt and uncle. I think it shortened their life by years because the health care is horrible. Dad- heart operation , stent was infected, died, mom colonoscopy-perforated lower bowel, I could go on. It isn’t called gods waiting room for nothing. If you happen to survive a little they just fill you with drugs until you can’t function and stick you in a nursing home that will drain your savings until you’re on Medicaid and then just stick you in a room with minimal care until you die, hopefully for them it takes a few years. I speak all this through years of heartbreaking experience.
Retired six years ago at the age of fifty-six in beautiful Northern California. Life is great here. Please don't tell anyone. We're full. No vacancy.
Same here, in Northern Washington!😅
@@Travis12861 The state has 39 million. That's about 14 million too many. This slow drawdown is nice, especially since the GDP keeps going up, but I doubt it will continue. One can hope.
@@Travis12861.muh hick red state
Hey! West Va didn't make the list this time - how bout dat!
I'm retired in NJ and wouldn't have it different. Expensive? Yes but I have a good retirement income. Best reason? My grandsons are here!
Also, the Maryland flag is amazing.
If you are on mushrooms.
@@WorldAccordingToBriggs
I guess I'm on mushrooms!🤪
It's a beauty!!
I loked at retiring in Maryland (briefly). Maintenance for a condo is twice what I pay for my condo in Florida. Plus the area I'm in has doctors, clinics and hospitals close to where I live. So I'm staying where I am.
unfortunately, maintenance in FL has skyrocketed due to the insurance crisis :(
Yeah, Maryland is expensive because it's small, densely populated, and (relatively) wealthy.
@@delroywilson9588 Its mostly cause of DC
@@naptime0143 Yes? And?
I’m not at all surprised that the entire west coast was in the top 10, and that the state I’ve lived in for over 3/4 of my life was #3. I’m looking at retirement in 12-15 years (depending on whether Social Security tanks before then) and I’m 100% certain I’ll be leaving Oregon - if not before, then definitely at retirement. There’s just so many better options, although it’ll be hard to leave the mostly mild climate & long gardening season!
California was not on the list. Lots of affordable places to live if you leave the big cities on the coast.
Why do you want to leave Oregon? I would love to move there. We are hoping to retire in the next 5-7 years or so.
Unless I nodded off for a few, I don't think California was on the list in this vid. And it should be near the top. If California is sooo great, why do you only hear about people moving out of it?
@@jamestucker8088 No thanks, I'd not live anywhere in that state the way they run it. A guy I live with is from a small town near the Sierra foothills and he'd rather die than live there again.
I'm so glad the great state of Illinois is not on this list. Looking to retire to Granite City, love those Cardinals games.
I love videos that reinforce my already firmly held beliefs.
Certainly was expecting California to be in the #1 spot, but not being on it at all? Thanks Briggs, always fun and a pleasure.
You would be amazed at how many long time Californians stay and retire there. Prop 13 keeps their property taxes affordable, Prop 19 allows you to transfer that low tax base within the state, Social Security income is NOT subject to California income tax, fresh food items are delicious and abundant, and then there's the weather...
no mention anywhere of being near the kids or grandkids... a significant consideration if you love them... so I like California even though I had to move to the sticks to retire.
harlanjackson6112,
Nice to hear, just thought the cost of living is way up there compared to other states.
@@bkm2797 It is, and if that's your sole metric you would not choose California. There are cheaper states. But retirement should be a quality of life issue. And as oldrrocr said, being near family (assuming you get along) adds to a great quality of life, especially in our sunset years.
harlanjackson6112,
Agreed, and even though I have been here since 72' I arrived at the ripe old age of 16, watching a city like San Francisco go through so many changes and not knowing if I can stay till the end is a bit daunting to think about.
I'd like to see a series on those states that are consistently in the middle of the stats. What's good and what's bad in states that rarely make the top or bottom ten.
Snore?
I enjoy these videos. I recently moved to the north west side of Oregon from South OC California. I love it here. The cost of living isn't much greater than So Cal but the people are friendly and welcoming. The weather is nice (we like it cooler), its beautiful, and there is always something to do or see. Only thing is the healthcare is very complicated - it is hard to get into see a doctor, they can't seem to submit a prescription correctly, and they charge way more than So Cal! I didn't think it possible but yeah, its grossly expensive! I don't think I will retire here.
I just returned from visiting relatives in Oregon and I was appalled at the difficulty my cousin had getting a doctor's appointment to see about a current health problem (not life-threatening, but debilitating and seriously affecting his quality of life). The soonest he could get an appointment was two months out. A friend in Washington said that it is just as bad there.
About to be 60. Moving to Tennessee from Oklahoma. Oklahoma has excellent Healthcare and cost of living is really reasonable. However, Tennessee is simply Beautiful
7:04 "...like avoiding Baltimore." LOL you got my upvote.
Good report Briggs. I'm sure many apprecite now knowing what to expect at 65 (those punk kids lol). My tip, live modestly during career years and save, save, save. Hey you never benefit by having a lot of fun stuff when you can no longer afford it. I learned that the hard way. Most importantly, retire where you know you will be happy.
Good point!
@@WorldAccordingToBriggsthanks for the vid/ info 🙂. Do you have one for best to retire to (especially for single women)? 😄
As a life long Californian I also had to excape the people's republic of California back in 2005 so we could actually enjoy and afford retirement moved to the north west loving every minute of small town living.
I was a little surprised to see Washington on here, but I'm already a homeowner here, so I'm a little more established. I know a lot of Portland people move across the bridge for retirement, because of the no income tax. I'm ready to move to Nevada for retirement. If I stay in Washington, I'm heading East.
Seattle has a big Antifa problem. The homeless drug dealers are burning down each other's encampments.
Reno, NV, lots of things to do but real estate issues. Rents have doubled over last 5 yrs with housing starting about 480k...lots of low paying jobs, poor air quality most summers.
We don't own a home anywhere and have no plans of settling in just one spot. (We caught the traveling bug during our 30 years in the Marines) We plan on staying in Airbnbs all over the world until we get too old. We've stayed in 4 different ones so far, and I tell you, it's the life 🌈⛱️🌏🥂✨️
Sounds fun, but I'm curious what you plan to do when you're too old to stay in Airbnbs.
So your are homeless
Ah, AirBNB. Just another way for people to gentrify areas that used to be affordable, _while_ reducing the overall housing availability in the process. So good.
What fantastic way to retire. True homelessness is a state of mind more than a state of being. If you CHOOSE to live as a nomad and take your home with you, are you truly homeless?
Where have you stayed ??
You forgot Nevada. The state with the absolute worst healthcare in the country and ranked at the bottom at 50th. That should have been at the top of the list because quality healthcare is probably the single most important thing to retirees.
@@spotscorner6040 What are you talking about? I recently moved to Florida and the utilities here are considerably cheaper than what I paid in NJ!
i think people being blind sided by VEGAS that's why.
@@spotscorner6040
I moved to Florida "officially" about 40 years ago, having lived here in the 70s, and somethings were much better here in the 70s and 80s. That said, where in Florida you retire to can greatly impact many of your points.
Florida used to calculate license and registration fees based on the size of the car. To catch temporary residents the fee schedule was changed. First car here is expensive, subsequent cars, less. I have not used a toll road since the 80s, it is inconvenient and not always possible but at least most roads are in good condition. The state is served by several electric companies. Where I live I am served by a co-op, one of the cheapest in the state. Since the small, rural town I live near is not on top of any tourist destination, I have no more trouble seeing a doctor than I did when I lived in PA. Yet, I am near enough to several excellent hospitals. Where I live, car insurance is still affordable, at the moment, I even leave my car unlocked except when I am carrying valuable shopping.
There are affordable areas, STILL, in Florida but they are rapidly disappearing. My biggest problem is home insurance: difficult to get, expensive when you get it due to lack of competition and its getting worse.
Oh, yeah, my property taxes are low, too, due to the rural area.
"Heath care" is killing retirees. Learn to take care of yourself, take the fork out of your mouth, and move to a low tax state like Nevada
Nevada is one of 7 states with no income tax!
My sister lived in Tennessee for a couple of years and she said that in some of the small towns Walmart fed families, meaning in many homes every adult in the family was employed by Walmart. If Walmart pulled out the town would pretty much go under.
I watch a UA-cam guy who drives around the country filming in dying small towns. Usually the only store in these towns is a Dollar Store. They’re too small for a Walmart
@@andrewward5891 - I tell my friends all the time how lucky I think we all are to have been raised in a large, prosperous city. It’s not perfect by any stretch but the opportunities in a large city, not to mention the beauty of places like the city gardens, the zoo, the city parks, makes for such a better quality of life.
@@sharonh2991 - I agree my city used to be a small farm town now it’s a mega suburb. Lots of people complain about all the growth but I love it. My gym, restaurants, bars, and shops are all within a mile of my house. I ride a bike more than I drive a car.