This Memorial Day weekend is a time to reflect, give thanks and respect to those that have served and are serving our country in the U.S. Military.
Just like the rest of us, they too face retirement and the myriad of decisions involved. Retirement can actually be more complex for military personnel since the average enlisted individual is 41.4 years of age when they leave the military and officers 45.2 years old.
So where are the best places for military personnel to retire? To answer that, WalletHub, which facilitates users to shop and compare financial products, services and companies, examined retirement decision on military personnel. WalletHub’s study ranked all 50 states plus the District of Columbia using 19 categories examining the economic environment, health care services and the overall quality of life.
Within the economic environment, some of the measurements included state income tax on military pensions, state and local sales taxes, veteran job opportunities, housing costs and the comparative cost of living. Quality of life metrics ranged from weather conditions to the number of homeless veterans. Health care examined the number of VA facilities with respect of the number of veterans, number of Federal, state and local hospitals per 100,000 population, number of physicians per 1,000 people and emotional health.
So what were the top states for veterans to retire?
And what are the worst rankings for military retirees according to the study?
To read the entire report and examine the rankings of all 50 states plus the District of Columbia click http://wallethub.com/edu/best-states-for-military-retirees/3915/
To all of our military and their families and those that have served in the past, I thank you and salute you this Memorial Day weekend.