Virginia, one of just 12 states with no grade lower than a C, was a standout in the community quality of life and financial categories, displayed by a high median income relative to the national average, a low cost of living, healthy private sector retirement assets, and a below-average tax burden.
“The retirement environment seeks to discover the complicated answer to the simple question: Which state is most desirable for pre-retirees? And while each pre-retiree’s decision is based on individual factors, the category grades are designed to illuminate the different ways that desirable can be defined.”
The 2016 Retirement Environment Index, which is a holistic ranking of all 50 states and the District of Columbia on their retirement desirability for pre-retirees between the ages of 45 and 64.
Read LPL’s full article here: http://investor.lpl.com/releasedetail.cfm?releaseid=962712