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Writer's pictureLady B.

Best States to Retire


Your retirement may be decades away or soon approaching but envisioning the type of life you want to have will be solely based on the amount of your nest egg. Embarking on the journey of retirement requires more than just dreams, it demands strategic planning. For that reason, it is important for individuals to educate themselves on financial literacy topics to delve into the world of retirement planning. This is your key to maintaining financial stability long after you bid farewell to the 9-to-5 grind.

We often hear that it’s better to start saving for retirement early. While that is true, there are those who may have had delays in building their retirement accounts due to time out of the workforce to raise children, unforeseen financial setbacks, or obtaining financial literacy later in life.

Perhaps, you did start building your nest egg early on but still don't feel that you have enough saved. In these situations, building enough savings to have a quality of life in your senior years may seem daunting. However, with the right strategy and planning, enjoying your retirement can be possible.

A good question to ask now is “How much can my projected savings last based on my monthly expenses in retirement?” From there, you can assess whether to start cutting expenses now to contribute more and/or work longer. When evaluating your future, consider major factors such as health care, taxes as well as cost of living by state.

A creditable resource to help guide you through these factors can be found through Annuity.org, a company that focuses on providing reliable sources of information and tools for people seeking financial security.

In their most recent article Best States to Retire, it delves into retirement planning for those looking for the ideal destination to spend their senior years based on a variety of critical aspects ranging from the cost of living and tax concerns to accessible, top-tier healthcare and optimal weather conditions. In this article, South Dakota, Hawaii, and Georgia stood out as top contenders, providing a harmonious blend of vital characteristics for a happy retirement. In addition, readers will gain deeper optics into the economic benefits as they investigated the states where retirees typically thrive, backed up with smart statistics.

Lastly, you can discover how to assess your current financial standing, leverage assets like 401(k)s and IRAs, and align your retirement aspirations with a well-crafted plan.

Are you ready to set sail towards a worry-free retirement? Then, check out Annuity.org’s expert insights and actionable steps for a fulfilling post-work life through their retirement planning resources.

Happy savings everyone!
Lady B.

Budgetwit101 is a site dedicated to helping individuals and families to better manage their money through our downloadable budgeting and spending tracking sheets. We offer tips on our social media page to help stretch your hard-earned dollars as well as urging the importance of paying off debt, building an emergency fund and saving for your retirement. We offer tips on our social media page to help stretch your hard-earned dollars as well as urging the importance of paying off debt, building an emergency fund and saving for your financial future.


If you need a way to jump start tracking your income and expenses, then click here to download the Budget Per Month or the Budget Per Paycheck tracking sheets directly on our site.

And while you are here, scroll to the bottom of this page and subscribe to the email list. Be the first to know about free resources and upcoming new products/services to help you better manage your money.

Disclaimer: For informational purposes only. Does not substitute for professional financial advice. Please consult with a professional financial advisor.
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