{"id":15763,"date":"2023-08-29T15:53:17","date_gmt":"2023-08-29T20:53:17","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=15763"},"modified":"2023-08-29T15:53:17","modified_gmt":"2023-08-29T20:53:17","slug":"is-iowa-the-best-state-to-retire","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/is-iowa-the-best-state-to-retire","title":{"rendered":"Is Iowa The Best State To Retire?"},"content":{"rendered":"
Iowa has earned the title of the #1 place to retire, all thanks to its unbeatable combination of safety, healthcare, and affordability.\u00a0<\/strong><\/p>\n As you contemplate where to spend these golden years, consider looking no further than the heartland of America. Nestled among picturesque landscapes, this often underrated gem offers a trifecta of benefits that make it the ideal state to retire, according to BankRate\u2019s 2023 survey.<\/a> Here\u2019s everything you need to know about retiring in the Hawkeye State.<\/span><\/p>\n When making the most of your retirement savings, Iowa emerges as a shining star. The state\u2019s ability to help provide an economical lifestyle is a big attraction for retirees. According to the Council for Community and Economic Research, Iowa is the sixth-cheapest place to live in the U.S.. The state\u2019s median home price of $239,400, according to Redfin, is well below the nationwide median home price of $388,800. Homeowners insurance is below the national average as well.<\/span><\/p>\n Breaking down the numbers<\/span><\/a>, it\u2019s evident that day-to-day expenses in Iowa consistently come in under national averages:<\/span><\/p>\n These figures highlight Iowa\u2019s attraction to retirees who want to maintain a high quality of life without undue financial strain. The state\u2019s cost-effectiveness helps provide a cushion for your retirement dollars, further allowing you to experience what truly matters.<\/span><\/p>\n Iowa\u2019s tax provisions for retirees offers a range of favorable benefits, but ranks only<\/span>\u00a023rd in property taxes,<\/span> with a median assessment of $4,012 annually. According to the Iowa Department of Revenue, like most states, Iowa doesn\u2019t tax social security benefits, and Iowans who are 55 and older<\/a> are exempt from paying state taxes on retirement income for the 2023 tax year.<\/span><\/p>\n This exclusion allows individuals to exclude a portion of their retirement income, such as pensions and annuities, from state income taxes; ultimately helping to <\/span>lower retirees’ tax liability and help enable them to retain more of their hard-earned income during their golden years.<\/span><\/p>\n Healthcare services and low healthcare costs in the state also influenced the top ranking.<\/span><\/p>\n Iowa boasts a world-class healthcare system that ranks 11th in the nation. Healthcare expenses remain one of the fastest-growing expenses \u2013 <\/span>rising about 6 percent annually.<\/span><\/a> This primarily affects older Americans, given that many are on fixed incomes and health deteriorates as we age.<\/span><\/p>\n In addition, University of Iowa Hospitals & Clinics continues to receive national recognition with seven specialties included in the 2023\u201324 \u201cBest Hospitals\u201d rankings published by U.S. News & World Report<\/a>.<\/span><\/p>\n UI Hospitals & Clinics\u2014ranked by U.S. News as Iowa\u2019s No. 1 hospital\u2014rated in the top 50 hospitals for two specialties:<\/span><\/p>\n Furthermore, five specialties were designated as high-performing, which places them in the top 10% of hospitals across the country:<\/span><\/p>\n The methodology for compiling the rankings includes clinical outcomes, such as patient survival, infection rates, and complications; the level and quality of hospital resources related to patient care, such as staffing, technology, and special services; delivery of health care, such as programs that prevent infections and adherence to best practices; and expert opinion among specialists.<\/span><\/p>\n Safety is a fundamental concern when choosing a place to retire. Iowa ranks 12th overall in crime<\/a>, offering retirees a tranquil environment to relish their newfound freedom. With low crime rates and close-knit communities, Iowa fosters a strong sense of security that can help retirees to explore the state\u2019s natural beauty, engage in community activities, and build meaningful connections with their neighbors.<\/span><\/p>\n Iowa\u2019s serene countryside, dotted with rolling hills, lush farmlands, and scenic rivers, provides the perfect backdrop for outdoor enthusiasts. From leisurely hikes to birdwatching, fishing to golfing, there\u2019s no shortage of activities to keep you engaged and active in your retirement years.<\/span><\/p>\n For those with a penchant for cultural experiences, Iowa surprises with its vibrant arts and entertainment scene. From world-class museums to open air music festivals – and let\u2019s not forget the famous Iowa State Fair<\/a> – the Hawkeye State’s entertainment attracts visitors from far and wide.<\/span><\/p>\n If retiring in Iowa appears the perfect fit for you, <\/span>Johnson Wealth and Income Management<\/span><\/a> is here to help you every step of the way. With our office locations in Humboldt, Iowa, and Clear Lake, Iowa, we are positioned to provide personalized, informative assistance for all your retirement planning needs.<\/span><\/p>\n Our experienced and trusted Fiduciary<\/a> advisors offer a<\/span> range of services<\/span><\/a> tailored to help you maximize your retirement experience. Our financial professionals are committed to helping you make the most of your retirement years. Here are just a few of the areas in which we excel:<\/span><\/p>\n When it comes to retiring in our great Midwest state, we are committed to helping you make informed financial choices and help attain a more secure and fulfilling retirement.\u00a0<\/span><\/p>\nAffordable Cost of Living<\/b><\/h4>\n
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Tax Benefits<\/strong><\/h4>\n
Quality Healthcare<\/b><\/h4>\n
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Safety and Peace of Mind<\/b><\/h4>\n
The Idyllic Lifestyle<\/b><\/h4>\n
Retirement Planning Support<\/b><\/h4>\n
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The Final Verdict<\/b><\/h4>\n