Illinois
Just like every other state in the US, Illinois can be a nice place in which to retire. Many retirees feel attracted to this state because it has a low cost of living. Still, that doesn’t mean a good thing in this case.
Illinois has been declared the second-lowest fiscally-sound state in the country. Besides, it imposes high taxes on most retirement incomes and costly sales taxes. Of course, these financial factors may lead older people to choose a more tax-friendly state for retirement.
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