Montana Listed as One of the 15 Worst States for Retirement

Personal finance and business magazine Kiplinger rated all 50 states and the District of Columbia in terms of how they suit the unique needs of retirees. Montana made the list of Top 15 Worst States for Retirement. Find out why here.

Kiplinger stated,

Our rankings favored states that are affordable and economically healthy, as well as those with lower crime rates. We also took into account the presence of a robust retirement-age population. Finally, we weighed the tax situation for retirees in each state. Note that we did not account for weather because some retirees yearn for year-round warmth while others might prefer the changing seasons.

Montana was ranked #12 in this Worst State for Retirement list. Kiplinger said, quote, "below-average incomes and above-average living costs make it hard to hang on to your fortunes in the Treasure State. The tax situation certainly doesn't help, either."

For more information and to see the full list, visit kiplinger.com/slideshow/retirement/