Why Cost-Conscious Retirees Are Relocating to These Two States

If you want to own your home during retirement, you might want to consider relocating to West Virginia or South Carolina. According to Yahoo! Finance, these two states are attracting a lot of retirees because of their low property taxes.

The cost of living is something anyone living on a fixed income needs to take into consideration, so a low property tax means more money to spend on other necessities. As a bonus for anyone considering a move to the Mountain State, Bankrate ranked West Virginia as the most affordable state in the country. 

The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of the Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.