---
title: The Retirement Question Advisors Forget to Ask
description: Where you retire can have a big impact on your retirement income and how much you need to save for retirement. Here's a look at the top US places to retire.
image: https://www.letsassemble.com/hubfs/blog-files/WrapManager_The_Retirement_question_where_to_retire.png
---

[![Assembly Wealth](https://www.letsassemble.com/hs-fs/hubfs/Assembly/logos/Assembly-Wealth-Logo-Orange-500px.png?width=300&height=70&name=Assembly-Wealth-Logo-Orange-500px.png "Assembly Wealth")](https://www.letsassemble.com/)

The Money Manager People TM

[800-541-7774](tel:+18005417774)

[![RESEARCH MONEY MANAGERS](https://no-cache.hubspot.com/cta/default/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5)

[![Client Center](https://no-cache.hubspot.com/cta/default/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2)

[Home](https://www.letsassemble.com/)

WrapManager's Wealth Management Blog

When life changes, we can help you thoughtfully respond.

[< Back to read another post](https://www.letsassemble.com/wealth-management-blog)

# The Retirement Question Advisors Forget to Ask

Posted by [ Gabriel Burczyk | Founder & CEO](https://www.letsassemble.com/wealth-management-blog/author/gabriel-burczyk)  
 November 29, 2017

- [Tweet](https://twitter.com/share)

![WrapManager_The_Retirement_question_where_to_retire.png](https://www.letsassemble.com/hs-fs/hubfs/blog-files/WrapManager_The_Retirement_question_where_to_retire.png?width=404&name=WrapManager_The_Retirement_question_where_to_retire.png "WrapManager_The_Retirement_question_where_to_retire.png")Investor education materials focused on retirement planning tend to try and answer the essential questions: how do you get yourself retirement-ready from a savings and investment standpoint? And, when are you planning to retire? These are the critical questions that define everything from how much you defer to your company retirement plan to how you structure your portfolio. In short, digging into these questions creates a solid foundation for retirement planning.

But the question missing from this foundation is arguably just as critical to the planning process, yet it often gets left out. That question is:

# *Where do you plan on retiring?*

There are many factors to consider when deciding where to retire—proximity to family, quality of life (quality of golf courses), proximity to a major airport, cost of living, demographics, quality, and access to healthcare, and perhaps most importantly, taxes.

Finding the perfect balance of each factor is difficult, but not impossible! One idea would be to make a list of the factors that are most important to you versus those that matter less and then set about checking off the boxes on that list.

To that end, the website WalletHub has evaluated the best and worst states in which to retire, based on 31 key indicators examining affordability, health-related factors, and overall quality of life. You can check out their findings below with the darkest states being most retirement-friendly. You can review their entire findings in [Best and Worst States to Retire](https://wallethub.com/edu/best-and-worst-states-to-retire/18592/) -- and you can sort the rankings based on the criteria that matter to you most, like healthcare for instance.

The top 5 retirement states from the study were Florida (no surprise there!), Wyoming, South Dakota, Iowa, and Colorado, in that order.

Source: [WalletHub](https://wallethub.com/edu/best-and-worst-states-to-retire/18592/)

### When Taxes Matter Most…

For many retirees, the ‘where to retire’ question gets answered by a single factor: taxes. J.P. Morgan analyzed each state by income tax (based on retirement plan distributions), potential taxes on Social Security, property taxes, and sales and local taxes. With that research, they produced two nifty graphics that paint a very clear picture of states that are the most tax-friendly versus those that are the least tax friendly. For many retirees, this tax treatment could greatly influence—or even determine—where to retire.

### Green and Light Gray States are More Tax-Friendly… Dark Gray and Orange States are Less 

[![Best-states-to-Retire](https://www.letsassemble.com/hubfs/Best-states-to-Retire.png)](https://www.letsassemble.com/hubfs/Charts_for_Blogs/Best-states-to-Retire.pdf)

[Click for larger image.  
](https://www.letsassemble.com/hubfs/Charts_for_Blogs/Best-states-to-Retire.pdf) 

### This Graphic Breaks Down the Composition of Taxes for Each State

[![Composition_of_Estimated_taxes](https://www.letsassemble.com/hubfs/Composition_of_Estimated_taxes.png)](https://www.letsassemble.com/hubfs/Charts_for_Blogs/A_Composition_of_Estimated_taxes.pdf)

[Click for larger image.](https://www.letsassemble.com/hubfs/Charts_for_Blogs/A_Composition_of_Estimated_taxes.pdf)

 

According to the data, Arkansas, Delaware, Georgia, Nevada, and Wyoming are the most tax-friendly states in which to retire, whereas New Jersey, Connecticut, New York, Massachusetts, and Vermont are the least tax-friendly.

### Let’s Start the Conversation about Where to Retire

If you have never spoken with a financial advisor about the pros and cons of retiring in a certain area or a specific state, maybe now is a good time to start.

The Wealth Managers at WrapManager can work alongside you to research the benefits/factors you’re looking for in retirement, and we can analyze which locations may offer the best fit. Call us today to get started, at 1-800-541-7774 or start the conversation over email at wealth@wrapmanager.com.

 

[Retirement Planning](https://www.letsassemble.com/wealth-management-blog/topic/retirement-planning) [Saving for Retirement](https://www.letsassemble.com/wealth-management-blog/topic/saving-for-retirement)

[![Retirement-planning-strategy-ebook-CTA-large](https://no-cache.hubspot.com/cta/default/10700/c5ce76f4-6dc3-447f-9bc5-526eed4b84a4.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/c5ce76f4-6dc3-447f-9bc5-526eed4b84a4)

### Subscribe to Updates

[Subscribe to RSS Feed](https://www.letsassemble.com/wealth-management-blog/rss.xml)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/10700/ffe2a394-957b-481b-9f80-4ef176bd6aaf.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/ffe2a394-957b-481b-9f80-4ef176bd6aaf)

### Most Recently Published

### Blog Authors

[![Gabriel Burczyk](http://www.wrapmanager.com/hs-fs/hub/10700/file-2347381761-jpg/Athors_Avatars/Gabe-avatar.jpg "Gabriel Burczyk")](http://www.wrapmanager.com/wealth-management-blog/author/gabriel-burczyk)

[**Gabriel Burczyk,**](http://www.wrapmanager.com/wealth-management-blog/author/gabriel-burczyk)  
[Founder & CEO](http://www.wrapmanager.com/wealth-management-blog/author/gabriel-burczyk)

[![Valerie De Vol](http://www.wrapmanager.com/hs-fs/hub/10700/file-2457588837-jpg/Athors_Avatars/Valerie-De-Vol-avatar.jpg "Valerie De Vol")](http://www.wrapmanager.com/wealth-management-blog/author/valerie-de-vol)

[**Valerie De Vol, **IACCP®  
Chief Operating Officer](http://www.wrapmanager.com/wealth-management-blog/author/valerie-de-vol)

[![Seton-avatar.jpg](http://www.wrapmanager.com/hs-fs/hub/10700/file-2344519198-jpg/Athors_Avatars/Seton-avatar.jpg "Seton-avatar.jpg")](http://www.wrapmanager.com/wealth-management-blog/author/seton-mcandrews)

[**Seton McAndrews, **CFP®  
](http://www.wrapmanager.com/wealth-management-blog/author/seton-mcandrews)[Vice President - Investments](http://www.wrapmanager.com/wealth-management-blog/author/seton-mcandrews)

[![Doug Hutchinson](http://www.wrapmanager.com/hs-fs/hub/10700/file-2347381751-jpg/Athors_Avatars/Doug-avatar.jpg "Doug Hutchinson")](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson)

**[Doug Hutchinson,](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson) **[CFA®  
](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson)[Director of Research and Trading](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson)

![Katie - square.png](https://www.wrapmanager.com/hubfs/Katie%20-%20square.png "Katie - square.png")

[**Katie O'Connor  
**Director of Client Services](https://www.wrapmanager.com/wealth-management-advisors/katie-oconnor)

**Important Disclosure Concerning WrapManager Blogs**

Blogs found at this site have been created or supported by WrapManager. The information provided in a blog post prepared by WrapManager or an associated person of WrapManager is generally limited to financial and economic issues, but may include a discussion of general interest items. The views and opinions expressed on this blog are purely the blog authors, and not necessarily those of WrapManager, Inc. Certain blog posts include information pertaining to WrapManager’s investment advisory services and the products and services of unaffiliated money managers. Such information is provided for information purposes only. Accordingly, information provided in a blog should not be construed by any consumer and/or prospective client as a solicitation to effect or attempt to effect transactions in securities or the rendering of personalized investment advice. Any subsequent, direct communication by WrapManager with a prospective client shall be conducted by a representative of WrapManager. Moreover, no client or prospective client should assume content contained on the website serves as a substitute for personalized advice from WrapManager. Different types of investments involve varying degrees of risk, and there can be no assurance that any investment, portfolio or money manager referred to within the blog will be suitable for your individual situation and risk tolerance or will be profitable. WrapManager recommends that you retain a financial professional to provide you with specific guidance regarding your financial situation before investing. Investment in equity strategies involves substantial risk and has the potential for partial or complete loss of funds invested.

Although the information included in the WrapManager, Inc. website and blog has been obtained from sources WrapManager believes to be reliable, we do not guarantee its accuracy and information may be subject to change without notice. This website should not be regarded as a complete analysis of the subjects discussed. Information on this site should not be relied upon as a substitute for legal, tax or accounting advice by a professional in your local jurisdiction.

Comments made by third parties are subject to moderation by WrapManager and may not appear on this blog until they have been deemed appropriate for posting. Also, due to the volume of comments received, not all comments will be posted.

WrapManager does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party website linked to WrapManager's web site or incorporated within a blog post. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

 

 

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Gabriel Burczyk",
    "url" : "https://www.letsassemble.com/wealth-management-blog/author/gabriel-burczyk"
  },
  "datePublished" : "2017-11-29T14:00:00.000Z",
  "headline" : "The Retirement Question Advisors Forget to Ask",
  "image" : [ "https://www.letsassemble.com/hubfs/blog-files/WrapManager_The_Retirement_question_where_to_retire.png" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.letsassemble.com/wealth-management-blog/the-retirement-question-that-advisors-forget-to-ask",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://www.letsassemble.com/hubfs/Assembly/logos/Assembly-Wealth-Logo-Orange-500px.png"
    },
    "name" : "Assembly"
  }
}
```