Editors' pick: Originally published Jan. 29.
If you've put in your dues at your 9-to-5 job and are ready to retire, you might consider whether your home state is truly the best place to spend your golden years.
Plenty of states offer attractive options for people ready to quit the corporate rat race. On the other hand, high taxes, expensive homes (and maintenance) and limited opportunities for recreation make other states unappealing retirement destinations, according to a report by WalletHub, an online financial resource for individuals and small businesses.
WalletHub's analysts compared the 50 states and the District of Columbia across 24 key metrics to help retirees find the best place to call home after leaving the full-time workforce. Among the factors WalletHub considered were affordability, health-related factors and overall quality of life.
WalletHub's data collection included these sources: the U.S. Census Bureau, the Federal Bureau of Investigation, the Missouri Economic Research and Information Center, the U.S. Bureau of Labor Statistics, the Retirement Living Information Center, Genworth Financial, the United Health Foundation, the County Health Rankings, Measure of America, the Centers for Disease Control and Prevention, the Centers for Medicare & Medicaid Services, Charity Navigator, Gallup Healthways, GolfLink.com and other research.
Ready to retire? Don't do it in these 10 places. (Also check out the 10 Best States for Retirement.)