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Don’t Have Any Savings? Here Are The 8 Best Places to Retire

June 30, 2022 · Saving & Spending
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Photo by Piper VanOrd from Shutterstock

Pennsylvania: Warren

Good ol’ Pennsylvania has been very present on our list, and this makes it one of the most appealing states for retirees with not a lot of funds! And whether you have a lot stocked up in your savings or little to none, this state has a lot to offer. Be it that you decide to move to one of the cities we mentioned (most of which have at least 22% of the population aged 65 and older) or go for another one, we are sure you will find it a very lovely state.

Warren, despite being a bit pricier when it comes to average house prices (a little over $108,500), has the added benefit that it doesn’t tax the retirees’ incomes and their health care is pretty affordable. Moreover, a lot of people say that it’s not actually that expensive to live here, so you should definitely pay a visit to see if it’s the right fit for you!

This place is hailed as one of the holy grails of retirement, so read more to discover why you should consider Panama as your final retirement destination!

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33 comments on “Don’t Have Any Savings? Here Are The 8 Best Places to Retire”

  1. Tom says:
    November 25, 2022 at 2:50 am

    I’d MUCH prefer any of the numerous tropical expat destinations! The would not only be less expensive (possibly significantly less), but nicer weather than any of these places.

    Reply
  2. Karl says:
    April 12, 2023 at 11:25 pm

    Pennnsylvania can eat you up with school taxes. Being a commonwealth, the whole state is broken up into townships. So much waste and duplication of services it more than makes up for not taxing social security or retirement income. The school tax is the killer. The state has more tax collectors than the entire country combined.

    Reply
  3. Alexander says:
    April 1, 2024 at 5:27 pm

    I retired in Brazil. Free health care which includes unlimited doctor´s visits, hospitalizations, transplants, free hearing aids and cataracts surgery, affordable medicine and many is free.
    save places to live with high security, great climate and extremely nice people. You can live well on your Social Security income.

    Reply
  4. c says:
    April 2, 2024 at 11:43 am

    Nowhere is it mentioned about culture, health care, cost of food or gas. Based on your study, I’d rather live in my 40ft Class A motor home.

    Reply
  5. Ed says:
    April 2, 2024 at 1:06 pm

    Move away from Pennsylvania..They tax you for everything and their taxes are outrageous….

    Reply
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