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July 21, 2014 by Mark MacDonald, Advanced Wealth Preservation

The 10 Worst States to Retire in 2014

The Beach Boys believed they had a plan for finding the cutest girls in the land when they wrote “California Girls”. Here is a quick stroll down memory lane of their plan…

Well East coast girls are hip
I really dig those styles they wear
And the Southern girls with the way they talk
They knock me out when I’m down there

The Mid-West farmer’s daughters really make you feel alright
And the Northern girls with the way they kiss
They keep their boyfriends warm at night

I wish they all could be California
I wish they all could be California
I wish they all could be California girls

Well, millions of Americans are thinking differently than the Beach Boys when it comes to retiring in California which comes in this year as the #10 worst states to retire.

According to the website TopRetirements.com, the 10 worst states for retirement in 2014 are:

  1. New Jersey
  2. Illinois
  3. Wisconsin
  4. Nebraska
  5. Michigan
  6. Vermont
  7. Ohio
  8. Connecticut
  9. Rhode Island
  10. California

This site’s ranking is based on the following major criteria:

  • High Property Taxes
  • Taxation of Social Security & Pension/Retirement Income
  • Cost of living
  • Low Estate and Inheritance Taxes

Other factor the site considered were:

  • Warm winter climate
  • Good medical care
  • Where your children, family, and friends live
  • Where you have always wanted to live
  • Recreational and cultural opportunities
  • Natural beauty
  • Transportation
  • Crime
  • Natural disasters

There are lots of other factor that determine where you want to live in retirement with family listed near the top.

But these rankings are still good economic indicators of how far your retirement dollars will go in different states.

If you want some additional insight into how to make your retirement dollars go farther, call or email us today. We are happy to show you ways your retirement dollars can go farther in your favorite retirement state.

Filed Under: Retirement Planning

Call: (908) 444-4599

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Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Advanced Wealth Preservation Inc. are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims paying ability of the issuing company and are not offered by Brookstone Capital Management.
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