» Virginia Ranked Among Best States for Retirement

Virginia Ranked Among Best States for Retirement

Hook Law Center (formerly Oast & Hook)

Hook Law Center (formerly Oast & Hook)

Virginia Beach, VA (Law Firm Newswire) June 5, 2014 – Personal finance website Bankrate.com has ranked Virginia as the 10th best state in the country in which to retire.

The top three spots went to South Dakota, Colorado and Utah. New York was ranked as the worst state for retirees. Bankrate based its rankings on a number of factors, including health care quality, cost of living, taxes, crime rates and amount of sunshine. Virginia's relatively low crime rates, reasonable cost of living and moderate taxation earned it its high rank.

“Virginia is a great state for retirees,” said Andrew Hook, a Virginia elder law attorney. “But regardless of where one lives, good financial and estate planning are key factors in ensuring a comfortable retirement.”

Taxes are always a factor in financial planning. To calculate its rankings, Bankrate relied on data from the Tax Foundation, which showed that in fiscal year 2011, Virginians paid an average of 9.3 percent of their income on state and local taxes (below the national average of 9.8 percent).

Health care quality is also of great senior citizen importance, and in this area, Virginia's performance was average. Bankrate used performance data from the Agency for Healthcare Research and Quality, which measures states' performance across several types, settings and clinical areas of care. Virginia's performance in the setting of home health care was measured as very strong, but the state was weak in its nursing home care measures.

Virginia's low crime rates also contributed to its placement as 10th best for retirement. In terms of violent crime per capita, only Vermont, New Hampshire and Maine were safer. Only seven states saw less property crime than Virginia.

Hook Law Center
295 Bendix Road, Suite 170
Virginia Beach, Virginia 23452-1294
Phone: 757-399-7506
Fax: 757-397-1267

SUFFOLK
5806 Harbour View Blvd.
Suite 203
Suffolk VA 23435
Phone: 757-399-7506
Fax: 757-397-1267
http://www.hooklawcenter.com/

  • The Equifax Data Breach: Take This One Step Now
    As you have probably heard by now, Equifax, one of the three major credit reporting agencies, was hacked earlier this summer. As a result, nearly half the U.S. population’s personal data, including full names, addresses, dates of birth, and Social Security Numbers, is at risk. This is enough information for the hackers to open up […]
  • Palliative Care and Hospice: Quality of Life for Patients with Serious Illness
    Hook Law Center, P.C. recently had the pleasure of hosting Dr. Marissa Galicia-Costillo from Sentara Norfolk General at our most recent Coffee with Colleagues seminar to discuss the difference between hospice and palliative care. While many people have heard of hospice, few have heard of palliative care, and even fewer understand the difference between the […]
  • Exercise & Foreign Language
    While exercise and learning a second language may not be at the top of your list of priorities, a new study may shed light on how people acquire new skills and how learning and can be enhanced. Learning is a continual process which enriches us at every stage of life. Scientists already had lots of […]
  • The VA Choice Program
    Regardless of your personal politics, there are criticisms from both political parties about our current president and the actions he takes or hasn’t taken. In particular, healthcare and the repeal and replacement of the Affordable Care Act, commonly called Obamacare, has consumed the news lately. Prior to the spectacle around Obamacare, many healthcare advocates protested […]
  • Preventing Dementia and Cognitive Decline
    The National Academies of Sciences, Engineering and Medicine (NAS) have recently published a report which indicates that it may be possible to prevent dementia and age-related cognitive decline. Just seven years ago, scientists were unwilling to recommend or endorse any interventions, but the most recent findings are encouraging. The three strategies recommended for preventing dementia […]

See other news sources publishing this article. BETA | Tags: , , , , ,



Get headlines from Law Firm Newswire sent right to your inbox.

* indicates required