10 Worst States for Retirees
Topretirements.com recently published a list of their “Top Ten” worst states to retire in. This list has been analyzed by multiple blogs (check out this great article over at Marketwatch).
The list is very comprehensive- it folds in many important factors including tax laws, climate, and transportation services. The original article looks ahead and predicts civil unrest in the worst states and communities as their older populations grow angry and disenfranchised due to rising costs and declining services.
My main concern is not quite so dire. One thing I did not see discussed in these articles is that retirees are something of a “boom market”. Because of advances in health care, we have more and more elderly people every year. States and communities should be proactive in marketing to this population. If spun the right way, an elderly population could become a very profitable population. It will require a combination of shrewd policy, forward-thinking tax laws, and strategic services. Which states are up to the challenge?
