According to this report, where you retire could make or break your finances. With 65 percent of non-retired Americans admitting their savings are not on track, a new study shows that choosing the right state can dramatically stretch, or shrink, retirement dollars. WalletHub compared all 50 states across 46 measures of retirement-friendliness, weighing everything from taxes and cost of living to health care access, safety and quality of life.
The result is a ranking that challenges some long-held retirement assumptions. The best state to retire in 2026 is Wyoming, narrowly beating Florida, followed by South Dakota, Colorado and Minnesota.
At the other end of the scale, Kentucky, Oklahoma, Mississippi, West Virginia and Hawaii ranked among the worst places to spend your later years.
Lauren Washburn, a professor at Bryant University, said: 'A common mistake retirees make is focusing too heavily on weather and scenery without fully evaluating long-term financial sustainability and lifestyle needs.' Four of the top five states – Wyoming, South Dakota, Colorado and Minnesota – are cold-weather states, showing retirees are prioritising financial security, safety and services over sunshine.
Good for them. I'm cool right where I am, thank you...
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