The 5 WORST Places to Retire in the USA
January 15, 2014 4:19pm PST
We all know that the economy is still in the dumps, but some parts of the country are worse than others and if you are getting ready to retire you need to pick the best places to retire to or risk harming your quality of life. So, here are the worst of the worst place to go–or to be living in now–after retirement.
Certainly, if you are retired or about to you need to be very careful how you spend your money. After all, you are now living on a fixed income, not one that is necessarily growing as fast as it once was. So, you’ve got to chose your retirement spot well.
As seen in the video above, there are certainly bad states to retire to and one should be quite careful about what he is doing when making those retirement plans.
MSN Money give us not merely the worst states, but the worst specific communities that should be avoided.
In no particular order:
A golf community goes off course: Lake Las Vegas, Nev.
Lake Las Vegas was supposed to be a serene retirement community surrounding a massive golf course. Founded in 1972 as a hip place to retire, Lake Las Vegas has become a well-heeled version of limbo. Golf courses nationwide have suffered since the recession, and for the fifth straight year, more closed than opened in 2010. But all three of the Lake Las Vegas golf courses went into foreclosure, and only the Golf Club at SouthShore is back in operation — no longer as a private club, but as one open to anyone willing to pay a $600 annual fee. Initiation fees dropped from $175,000 to, um, zero dollars. The development’s casino, Casino MonteLago, closed in March of 2010, and the Ritz-Carlton Lake Las Vegas shut down two months later. The lake isn’t going anywhere, and the triple-digit temperatures are also there to stay.
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