We did some research and here are The WORST 12 U.S. Cities To Retire This Year:
1. Kahului, Hawaii
Hawaii sounds amazing, isn’t it? But before considering relocating, learn that Hawaii has the second-highest income tax in the country. Kahului is a wonderful city but is not ideal for retirement considering the high taxes and the high home costs. Also, the 82% young population makes the city a bad idea for retirees, because, as you probably already guessed, less than 18% of the population is over 65.
Even though Hawaii doesn’t tax Social Security benefits, those won’t be enough to sustain you in Kahului.
2. Beverly Hills, California
An average home value is around $6 million, so glamorous Beverly Hills is one of the worst places to retire in the United States. With such an amount of money, you can easily spend your life as a retiree while traveling and exploring the world’s most beautiful places.
Just 12? This research needs to be done again.
Where does South Caroline rank in the worst states to retire?
Living near our adult children and grandchildren is likely the most important aspect of our mental state of mind during retirement. Looking forward to seeing them on the weekend for a BBQ, swim in our pool, or baking cookies is a key driver for our mental state of mind. Knowing they live nearby when there is an emergency, and we can help each other is rewarding and lowers stress.
We have done lots of traveling throughout the world since retiring, and the experiences were wonderful. Now that we are getting older, we limit our travels outside the United States unless we can travel with a family member.
We are fortunate to have lived in our home for over 38 years. Our kids and grandchildren love coming to our house. The downside is remodeling and repairs to our long-term house can get expensive. But the memories make it worthwhile.
Why do I get the feeling that this list is compiled by 20-30 yo who don’t want the old geezers infiltrating their favorite hangouts?
Too many oldies in Miami? Here’s what we can do….
What is so great about Arkansas other that homes are very reasonable.