The task of planning and saving for retirement can be immensely stressful. Nearly 26 percent of non-retired adults have yet to save for their retirement according to WalletHub, a personal finance platform. Looking at key elements such as affordability, quality of life and health care, WalletHub recently released a survey comparing the best and worst states to retire.
Florida was the No. 1 state on WalletHub’s retirement list, since it met all of the key elements. Ranking at No. 2 for affordability due to its low cost of living and tax friendliness, it’s no surprise that Florida boasts the highest population of people 65 and over.
Florida was ranked No. 5 for quality of life, thanks to its abundance of recreational activities.
With regards to health care, Florida ranked toward the bottom of the list at No. 26. Although an estimated 93.1 percent of Florida residents aged 65 and over are covered by Medicare insurance, such factors as the number of doctors, nurses, home care health aides and health care facilities per capita were considered.