Colorado ranked as second-best state for retirees

401k retirement states cost of living

401k retirement states cost of living

In the past year, Colorado's moved up a few notches on an annual list of "best states to retire". Then you may want to look some place other than the Yellowhammer State - it was ranked the tenth-worst state to retire in a new study released Tuesday.

Last year, Colorado ranked No. 5, behind Florida, Wyoming, South Dakota and SC.

The site ranked the states using 41 metrics on affordability, quality of life and health care. "Our analysis examines affordability, health-related factors and overall quality of life", the company said in a statement.

And the worst? Kentucky, New Jersey, Rhode Island, Mississippi, Arkansas, West Virginia, Louisiana, New Mexico and Hawaii round out the top nine (in order of ranking).

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