A 2018 Fidelity Investments survey revealed that half of those facing retirement may not be able to cover essential expenses after they retire. Financial advisers can help clients in this situation using results from a Bankrate study that ranks all 50 states on cost of living and quality of life.
The study uses government data and other information to rank states on cost of living, crime, culture, health care, taxes, weather and well-being. A ranking of the top 20 states indicates who ranked highest by essential retirement criteria.