The main issue in this designation is fiscal health and taxes according to TopRetirements.com. There is also an article today at Marketwatch.com on the subject. The links for both are below.
Due to the fiscal problems in Nevada and Florida (not on the list), it is likely that if things do not improve relatively soon that both states could be forced into having a state income tax.
New Jersey has the highest property taxes in the nation. Oh Wow! Was anyone surprised to hear that? New York is right behind them.
Hello Virginia, your state is one of the best fiscally run in the nation and you are NOT on the BIG BAD Top ten list either. Its just not warm here in the Winter.
Here is the link to the marketwatch article that will also link you to the other site and the Pew Report on states in fiscal crises. The report makes a point of making sure that retirees understand that low (or no) taxes now may not be the case in the future.
http://www.marketwatch.com/story/the-10-worst-states-for-retirees-2010-12-09?pagenumber=2
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