Your clients looking ahead toward retirement are probably givingsome thought to where they'll live once the daily commute is behindthem.
|While lots of folks may plan to age in place and stay in thehomes they've lived in for years, others may want — or need — achange in surroundings, possibly to make retirement funds lastlonger or to have better (or cheaper) access to doctors, museums,beaches, mountains or family. And retirees who opt to move need tochoose carefully to be sure that they're getting the greatestbenefit for the expense and effort of moving.
|Related: The top 10 states Americans moved to in2017
|In its ratings of every state on how well, or poorly, they do atbeing good places to retire, WalletHubalso points out that while retirees might need to stretch SocialSecurity or pension income and retirement savings as far as theycan, they also need to consider how happy they might be (or not) intheir new surroundings. A potential new home shouldn't completelyupend a retiree's life — unless that's exactly what they're lookingfor — and should provide surroundings in which they feel welcomeand comfortable.
|To that end, WalletHub gathered data from the U.S. CensusBureau, Federal Bureau of Investigation, Council for Community andEconomic Research, U.S. Bureau of Labor Statistics, RetirementLiving Information Center, Genworth Financial, United HealthFoundation, County Health Rankings, Centers for Disease Control andPrevention, Centers for Medicare & Medicaid Services, CharityNavigator, Gallup Healthways, GolfLink, the Tax Foundation,America's Scenic Byways, NOAA Office for Coastal Management, U.S.News & World Report, Institute for Health Metrics andEvaluation, and its own research.
|Related: Sustaining customer relationships in an evolvinginsurance industry climate
|Using that plethora of information, it then compared the 50states across 41 key indicators of retirement friendliness thatinclude affordability, health-related factors and overall qualityof life. Analyzing states' amenities, availability of medical careand crime rates, weather, tax advantages (or the lack thereof) forretirees and numerous other factors, it then rated all 50 states ona scale of 100, scoring them on the three main categories:affordability, which counts for 40 points out of 100; quality oflife, which counts for 30 points; and health care, which makes upthe final 30.
|Here are the 15 states that came out on top:
|15. California
Total score: 58.92
|Affordability rank: 37
|Quality of Life rank: 3
|Health Care rank: 16
|Related: 10 states with the best drivers
|14. Pennsylvania
Total score: 59.54
|Affordability rank: 28
|Quality of Life rank: 4
|Health Care rank: 30
|Related: 10 poorest states in America
|13. Montana
Total score: 60.32
|Affordability rank: 14
|Quality of Life rank: 33
|Health Care rank: 19
|Related: 10 richest states in America
|12. Wisconsin
Total score: 60.46
|Affordability rank: 32
|Quality of Life rank: 7
|Health Care rank: 11
|Related: 10 questions to help assess your clients' changinginsurance needs
|11. Minnesota
Total score: 60.66
|Affordability rank: 42
|Quality of Life rank: 1
|Health Care rank: 1
|Related: Climate is already making Americansmove
|10. Arizona
Total score: 60.67
|Affordability rank: 21
|Quality of Life rank: 21
|Health Care rank: 17
|Related: 10 best paying cities for women
|9. Utah
Total score: 61.14
|Affordability rank: 22
|Quality of Life rank: 24
|Health Care rank: 12
|Related: These 10 cities have the highest pestinfestation
|8. Idaho
Total score: 61.39
|Affordability rank: 11
|Quality of Life rank: 20
|Health Care rank: 25
|Related: 10 U.S. cities with the highest & lowestnatural-disaster risk level
|7. New Hampshire
Total score: 61.51
|Affordability rank: 29
|Quality of Life rank: 14
|Health Care rank: 4
|6. Wyoming
Total score: 61.66
|Affordability rank: 4
|Quality of Life rank:30
|Health Care rank: 29
|Related: The 10 safest-driving cities, according to 2017Allstate report
|5. Virginia
Total score: 62.02
|Affordability rank: 18
|Quality of Life rank: 9
|Health Care rank: 21
|4. Iowa
Total score: 62.46
|Affordability rank: 26
|Quality of Life rank: 11
|Health Care rank: 9
|Related: 10 states with the worst roads in theU.S.
|3. South Dakota
Total score: 65.89
|Affordability rank: 2
|Quality of Life rank: 32
|Health Care rank: 6
|2. Colorado
Total score: 66.17
|Affordability rank: 23
|Quality of Life rank: 8
|Health Care rank: 2
|Related: 10 windiest large U.S. cities
|1. Florida
Total score: 66.79
|Affordability rank: 1
|Quality of Life rank: 5
|Health Care rank: 20
|Related: Understanding the baby boom generation and whatthey need from you
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