The 10 Worst Places You Can Retire

What's Hot

2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Lists of "10 Best" or "10 Worst" places to live are often nothing more than thinly veiled attempts at media attention. That being said, like a car wreck, it's kind of hard not to look.

I really hate lists from companies that use lists that start with “10 Best Places” and “10 Worst Places.”  I feel that way for two reasons: First, because there are far too many variables with these types of decisions for anyone to come up with a genuine list that delivers what’s being promised.  Second, these lists are often nothing more than thinly veiled attempts at media attention.

That being said, like a car wreck, it’s kind of hard not to look.

Following is a list of the 10 worst places to spend your golden years, at least according to From their site:

1. Illinois. Illinois’s fiscal health could be the worst of any state. It even borrowed money to fund its pension obligations!
2. California. The Golden State is expensive and its finances are in disarray. Has paid bills with vouchers. Does have a warm climate.
3. New York. Very high taxes, including property taxes. Second-highest tax burden and fifth-highest per-capita property taxes. Dysfunctional state legislature. Very expensive to live here. Most pensions are exempt, however.
4. Rhode Island. Probably the worst-off state in the Northeast from a financial viewpoint. High taxes. Does have some great places to live.
5. New Jersey. The highest property taxes in the U.S. as well as the highest tax burden (as reported by the Tax Foundation). Has serious pension funding issues.
6. Ohio. High taxes (seventh-highest tax burden) and unemployment. Cold winters.
7. Wisconsin. A high-tax state (ninth-highest tax burden) with cold weather. High property taxes. But it does not tax military pensions.
8. Massachusetts. High taxes, including high property taxes. Very high cost of living.
9. Connecticut. Connecticut has the third-highest tax burden of any state, taxes social security, and has very high property taxes. It has some terrific places to live, but the cost of living is very high.
10. Nevada. The foreclosure capital of the world. State is having financial problems. But it does not have an income tax (yet).

The site used a variety of factors to pick their “top 10”, but said it’s most heavily weighted by the fiscal health of the state, taxation, and climate.

At least they conceded that their list could be useless to many people, since it can’t take into account what is probably the single most important factor in determining the ideal place to retire: proximity to family. In their words…

Remember that our list might be totally irrelevant to many people. Folks for whom money or taxes are not important will find our worst 10 list of little value, because they have other considerations that are far more important. For example, those who want to retire near their family members have such an important driver that the “worst” state on this list could be their “best.”

Bottom line? Keep in mind when you see lists like the one above or the Money Magazine list of 10 Best Places to Live:  Decisions about where to live or retire involve way too many variables for anyone to create a definitive list. While they do offer up points worth pondering, these lists are more about getting people like me to send people like you to their publications.   And look – it worked!

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: Costco Releases Dozens of New Deals

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,983 more deals!