Not to brag or anything, but I have many great qualities and characteristics. For example, I am very energetic (I play with my noisy toys all hours of the day and night), very punctual (as soon as the sun is up, I sit on my human’s face so that she knows it is time to wake up and feed me), and very loving (I love to cuddle with my human at night). Although, as hard as this is for me to admit, I am not perfect. Don’t get me wrong, I am VERY VERY close to being perfect, but I do have one singular flaw. I can sometimes be a little skittish.
However, this singular flaw is not even really my fault! It is a very dangerous world out there in Bergen County with wicked monsters (foxes), evil machines (cars), and treacherous oceans (ponds). These dangers are why I am a true housecat and I don’t plan to ever stray from my home with the Taylor family! In fact, I believe that it is important for everyone, especially retirees, to feel as safe in their homes and communities as I feel living in Northern New Jersey. For this reason, I have examined safety in 5 categories (reported fraud, monthly housing costs for renters, seniors existing in poverty, yearly average rate of violent death among seniors, and seniors living alone) and compiled a list of the 5 riskiest states for seniors (thankfully, New Jersey is not on the list!).
Coming in at the 5th riskiest state for seniors, Arizona scores badly with fraud, housing, and violent injury deaths compared to other states.
As the 4th riskiest state for seniors, Nevada has a lot of fraud and housing costs compared to other states. In addition, Nevada is the state with the most violent injury deaths.
Delaware is the 3rd riskiest state for seniors, and has a lot of fraud and housing costs. Additionally, Delaware is the state with the most seniors living alone.
New Mexico is the 2nd most risky state for seniors, and scores badly with fraud and living alone. Moreover, New Mexico scores even worse with poverty and violent-injury deaths.
Although many retirees love retiring to Florida, the state is the most risky state for seniors! Sadly, Florida has a lot of fraud, poverty, violent-injury deaths, and seniors living alone. Also, Florida is home to many super-scary alligators!
Unfortunately, no state is perfect and there are dangers to consider in each state. Just because a state is mentioned in this list does not mean that it is a bad state to retire to, it just means that there are certain things you should be aware of before relocating there for retirement. Moreover, it is also important to consider the specific community you are looking to join if you are considering relocating or retiring. At Taylor Financial Group, we would be happy to help you figure out where it is best for you to retire and create a personalized financial plan for you using our WealthMatch tools. If you have any questions or concerns regarding your retirement plan, please feel free to contact the Taylor Financial Group team and financial planner Debbie Taylor for help!
Till next time,
Sources Cited: https://www.thinkadvisor.com/2019/02/19/10-riskiest-states-for-retirees/?kw=10%20Riskiest%20States%20for%20Seniors&utm_source=email&utm_medium=enl&utm_campaign=retirementreport&utm_content=20190219&utm_term=tadv