Retirement is a special time for seniors—you finally get to relax after years of work and raising families. Where you retire is important, as the last thing you need is to move somewhere with high crime, or so expensive your retirement funds get burned through fast. So where are the most peaceful, idyllic places in the U.S.? Here are the 7 best places to retire in, according to Bankrate.com.
Pennsylvania is a great choice for retirement. "Pennsylvania fully exempts all income from Social Security, as well as payments from retirement accounts, like 401(k)s and IRAs," according to SmartAsset. "It also exempts pension income for seniors age 60 or older."
Wyoming makes the top 7 best places for retirement. "For those retirees who prefer a quieter pace without compromising on amenities, Wyoming's smaller towns offer an idyllic setting," according to Planswell. "Often regarded among the best places to live in Wyoming for retirees, towns like Green River and Rock Springs provide a serene environment with a close-knit community feel."
Mississippi is another state very friendly towards retirees. "Mississippi exempts all forms of retirement income from taxation, including Social Security benefits, income from an IRA, income from a 401(k) and any pension income," according to SmartAsset. "The state also has relatively low property taxes."
Missouri is affordable with options both in the city and the country. Crime rates aren't as low as the other states, but you can save a lot of money living in Missouri.
Consider beautiful West Virginia for retirement. "Social Security benefits and other types of retirement income are at least partially taxed in West Virginia, but seniors can claim a deduction to offset some of those taxes," according to SmartAsset. "West Virginia has some of the lowest property taxes in the U.S, and its sales taxes are also quite low."
Delaware has a mild climate and is very tax-friendly. "With so much to offer, Delaware is one of the best places to live in for retirees," says ActsRetirement. "This Mid-Atlantic state might be small, but it is mighty thanks to its beautiful beaches and close proximity to major metro centers like Philadelphia, Baltimore, and Washington, DC. This convenience is made all the better by its natural beauty, both on the coast and inland, making it a state that truly has it all when it comes to fun things to do while retired."
Iowa comes in at number one. "Choosing where to retire is deeply personal, but Iowa's affordable cost of living, inexpensive but high-quality health care and low crime make it a compelling option for retirees looking to stretch their retirement income in this economy," Bankrate analyst Alex Gailey said in a statement via CBS News.
