When making retirement plans it's important to think about where to retire. Where does New York rank according to the best and worst retirement states?

Retirement is in some cases the end of the line, but it does not have to be the end of your financial security. Timing is key, are you the right age to retire? Are you eligible to collect your social security benefits?

Planning for retirement is becoming more and more difficult, and a third of non-retirees haven't put a penny aside for retirement, though not necessarily through any fault of their own.

Besides timing, where you retire is very important. The question of where can difficult to answer especially if you haven't planned for your golden years. Even in most affordable areas, most people can't rely on social security or pension checks alone to cover all their living expenses.

If retirement is still a big question because of finances, you may want to consider moving to state that allows you to keep more money in your pocket, without making a drastic lifestyle change.

So where does New York rank when it comes to the best and worst retirement states? Well, it's not the worst state to retire in, but it's also not the best.

According to a study from Wallethub, New York is the 11th worst state to retire in. The study examined affordability, health-related factors and overall quality of life.

Here's some of the rankings for New York State:

  • 46th – Adjusted Cost of Living
  • 32nd – Annual Cost of In-Home Services
  • 46th – WalletHub ‘Taxpayer’ Ranking
  • 26th – % of the Population Aged 65 & Older Working
  • 28th – % of Population Aged 65 & Older
  • 44th – Health-Care Facilities per Capita
  • 28th – Violent Crime Rate

You may not be surprised to find out that Florida was ranked number one overall. Which makes sense when you think about how many people have left New York to enjoy the Sunshine State.

The worst state to retire in according to this study is Rhode Island.