Maryland: sixth best state to live in, but absolute worst to retire?

The good news: Maryland has jumped to 6th from last year’s 13th in U.S. News’s best-states rankings, with abundant amenities now united with a reasonably prosperous economy.

The bad news: Maryland ranks absolute last as a place to retire in MoneyWise’s 50-state survey, abundant amenities or no, because of tough tax treatment of retirement income as well as high living and health care costs. According to that story, “both Bankrate and Kiplinger rank Maryland the No. 48 state, and WalletHub ranks it No. 41.”

That’s one reason to support Gov. Hogan’s proposals to begin lightening the tax treatment of retirement income, as well as to refrain from costly new legal mandates that work to drive up living and health costs yet further. Ours should be a multi-generational state.

Advertisements

Leave a comment

Filed under Policy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s