Wednesday, May 6, 2009

Retirement Destinations That Allow You to Stretch Your Budget

Planning for retirement on a budget? Realtor.org and Realtor/mag posted the top ten states with the lowest cost of care for aging:

States with sunny climates like Florida, California, or Arizona may be the most popular retirement havens. But Genworth Financial offers up a list to seniors who are concerned about making their money go further in this tough economy. Their list ranks places that boast the lowest cost of long-term care.

Genworth last week released its annual cost of care survey, which measures the cost of home care, nursing homes and other forms of assisted living. It identified these states as not only having the most affordable options, but also offering a choice of facilities at an affordable cost.

  1. Iowa
  2. South Dakota
  3. Kansas
  4. Nebraska
  5. North Dakota
  6. Oklahoma
  7. Missouri
  8. Arkansas
  9. Wyoming
  10. Louisiana

Source: Genworth Financial (05/04/2009)