NH Among Top States for Retirement

With retirement savings proving to be difficult for most, older folks seem to be considering states with more favorable economic and social factors than ones with sunshine and warm climate. This might be why retirees are ditching sunnier days in Hawaii and Florida in favor of the Granite State, which ranked fourth in the country in MoneyRates’ 2017 study of the best and worst states for retirement.

Here are the top and bottom five states for retirees:

See the full 50 state rankings, analysis and more here.

Interesting takeaways:

• Eight of the ten states with the largest proportions of residents aged 60 or over are north of the Mason-Dixon Line, including three New England states.
• Alaska was rated the worst state for retirement. The climate might be one drawback, but Alaska also suffers from one of the highest violent crime rates in the nation, and it does not score well for economic factors.
• Only three warmer-climate states made it into the top ten states for retirement.

Methodology: MoneyRates.com looked at eleven different criteria grouped into five categories to determine 2017's best and worst states for retirement. The five major categories included: health and longevity, personal safety, climate, economic factors and proportion of older residents.