Many ask when they should retire, but how about asking where they should retire? Colorado is the answer to that second question for many. A WalletHub study released Monday found that Colorado is the second-best state in the U.S. to retire in.
Affordability may be the biggest concern, but when deciding where to retire, there are plenty of other factors to consider, like how safe the state is and how good its health care is, as well as what activities it offers.
Using 45 key indicators of retirement-friendliness, WalletHub compared the 50 states. The top five states to retire in order were Florida, Colorado, Delaware, Virginia and North Dakota.
Here’s how Colorado stacked up, doing very well in health care:
- 9th – WalletHub “taxpayer” ranking
- 15th – Elderly-friendly labor market
- 6th – life expectancy
- 10th – COVID-19 positive testing rate in the past week
- 6th – Death rate for population aged 65 and older
In a similar study last year, WalletHub found Denver to be the 10th best city in the country to retire in.
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