More than a quarter of non-retired adults have not saved any money for retirement — though not necessarily through their own fault, according to personal finance site WalletHub.
For these people as well as for most retirees, finances are an important factor influencing where they retire. Finding the best states to retire can require much research, however.
WalletHub noted that even in the most affordable states, most retirees cannot depend on Social Security or a pension alone to cover all living expenses. Social Security benefits increase with inflation, but they replace only about 40% of the average worker's earnings, according to research from the Center on Budget and Policy Priorities.
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