Montana Is Among The Best States To Retire

Many individuals have concerns about the potential end of financial security in retirement, with some even fearing they may never experience retirement. These apprehensions are not unfounded, especially considering that 28% of non-retired adults have not set aside any funds for their post-work years. Social Security benefits only replace approximately 37% of the average worker's earnings.

Related: Revealing Research: Montanan’s Aren’t Fond Of This Form Of Payment

Where To Retire

Choosing the right location for retirement can significantly impact the longevity of one's financial resources. WalletHub undertook a comprehensive analysis of the 50 states, evaluating 46 key indicators of retirement-friendliness. The assessment encompassed financial aspects such as tax rates and cost of living, as well as factors like access to quality medical care and engaging activities.

Related: Great Falls Is Among America’s Cool And Affordable Towns

How The Best States Were Determined

WalletHub focused on three crucial dimensions to pinpoint the most retirement-friendly states: Affordability, Quality of Life, and Health Care. These dimensions were assessed using 46 relevant metrics, each assigned a weight. The metrics listed below, with their corresponding weights, were graded on a 100-point scale, where 100 represented the most favorable conditions for retirement.

Related: Two Montana Towns Are Best For Starting A Career

The overall score for each state was calculated by determining the weighted average across all metrics. These scores were then utilized to rank-order the states, providing valuable insights into the most retirement-friendly destinations.

Retirement Findings

It turns out Montana ranks pretty well compared to other states in the US; we came in at number 9!

Source: WalletHub

LOOK: This is what you now need to retire comfortably in every U.S. State

Go Banking Rates analyzed financial data to determine how much is necessary to retire across the nation, factoring in groceries, housing, transportation, healthcare costs, and more. Plus, what an additional $1 Million in savings would look like.

Gallery Credit: Mike Brant

LOOK: These are the top 20 best places to retire in America

U.S. News analyzed housing affordability and healthcare data in 150 cities across the country to help determine which were considered most suitable to meet Americans' needs and expectations for retirement in 2024. Scores are based on a scale from 1 (Low) to 10 (High).

Gallery Credit: Mike Brant

Someone Built a Funeral Home in Front of a Boise Retirement Home

Do we recognize the genius behind building a funeral parlor a stone's throw away from a retirement home? Absolutely. But we're not apathetic to how that might make the retirement home's residents feel. We're selectively and playfully insensitive to it.

To that end, we seized the opportunity to exploit the scenario with a sense of humor we pray old age never robs from us!

Gallery Credit: Ryan Valenzuela

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