Retiring any time can be a challenge, thanks to Americans' well-documented struggle to save enough to live on once the job goes away.

Where you live can make a big difference in how well you can manage financially, and once you've retired it's no different.

Retiring early can present a whole bunch of additional challenges, since drawing Social Security before full retirement age means there will be a smaller check to rely on for the rest of your life—and since you'll still have to pay for health care, choosing a state where those costs are lower can make a big difference in both the short and long runs.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.