Here Are The 29 Worst States For Retirement In 2021

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Ranked #2: Maryland

Wikipedia

Maryland has sadly taken the second spot as the worst place to retire, which really doesn’t go with their gorgeous scenery. But unfortunately, the state has an incredibly high cost of living topped with high taxes as well. Even if the state doesn’t tax Social Security, it taxes others like IRA distributions and even retirees 401K plans and pensions. Casian Holly shared on Quora, “Unless you spent your life living somewhere with an equal or higher cost of living, you might not have the retirement funds to support living here. Even if you do, you’re much less likely to recover from a financial crisis here than somewhere with a lower cost of living.”