If you're in your 50s and have at least something saved for retirement, congratulations: You're in better shape than almost a third of older Americans.
Now stop celebrating. Even if you have a substantial nest egg, your savings could be quickly whittled down by a number of factors -- and one of the biggest can be geography.
Deciding where to retire shouldn't be something you do based on weather or even proximity to kids -- let them do the driving. If you want to retire and maintain your nest egg, you should be looking at important regional factors, such as taxes, local living expenses, and the affordability and accessibility of health care.
To make the search easier, GOBankingRates investigated all 50 states on those three components. We surveyed:
- Taxes: Local rates of Social Security income, estate, inheritance, property and sales taxes
- Living expenses: Home values, listing prices, local deposit rates and a cost-of-living index
- Health care: Average individual insurance premiums, average Medicare payment and the health of seniors who take advantage of regional health care
Read on for the 10 best states to consider for retirement.