As the personal finance website WalletHub noted, not all Americans can look forward to a relaxing retirement. According to the Employee Benefit Research Institute’s 2021 Retirement Confidence Survey, 7 in 10 workers reported feeling at least somewhat confident that they will have enough money to retire comfortably, but only 3 in 10 said they were “very confident.”
To help Americans plan an affordable retirement while maintaining the best quality of life, WalletHub compared the retiree-friendliness of the 50 states and then ranked them in order of the best states to retire in.
Virginia did well in the rankings, landing in the number-four spot.
The only states considered by WalletHub to be better places in which to retire were Florida, Colorado, and Delaware.
The ten states the website determined to be the worst places for retirees were 41.llinois 42. Texas 43. Connecticut 44. West Virginia 45. Kentucky 46. Rhode Island 47. New Mexico 48. Mississippi 49. New York and 50. New Jersey.
Among the metrics WalletHub used to determine its rankings were the adjusted cost of living, the general tax friendliness, the retired taxpayer friendliness, the tax friendliness on estate or inheritance tax, the share of the population aged 65 and older, the risk of social isolation, the elderly-friendly labor market, the share of the population aged 65 and older in poverty, the access to public transportation, the mildness of the weather, the golf courses per capita, the access to adult volunteer activities, the family medicine physicians per capita, the quality of the public hospitals, the share of the population aged 65 and older with good or better health, and the share of the population aged 65 and older who are physically active.