3 Financial Reasons Not To Retire in California and 10 Other States

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A retired couple sits in their living room and goes over financial paperwork.

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But that paradise has run into hard times lately, and many retirees are looking elsewhere to settle down.

Much of this has to do with finances.

Now many of those retirees face the prospect of losing their homes to extreme weather conditions.

Severe weather events such as hurricanes, tornadoes, floods, droughts and wildfires are especially impactful for retirees.

Thats more than double the national median of $412,300, per the St. Louis Fed.

Hawaii

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