Mon December 27, 2010
Rhode Island: 1 of 10 worst places to retire
By CATHERINE WELCH
PROVIDENCE, R.I. – Three New England states, including Rhode Island, are on a retirement website's top ten worst places to retire.
TopRetirements.com says states made the list based on their fiscal health, tax rates and weather conditions. Rhode Island, Massachusetts and Connecticut all made the list.
Rhode Island ranked 4th thanks to its financial health. A Pew Center for States report put Rhode Island on its list of most troubled states. Retirement in a financially troubled state, says TopRetirements.com, could lead to reduced services and rising taxes.
Massachusetts and Connecticut ranked 8th and 9th for their high taxes and cost of living. Financial woes that forced it to borrow from its pension fund made Illinois the worst place to retire.
Where are the Top 10 Worst Places to Retire? Click here.
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