[Updated] The Worst States to Retire In

4. New Jersey has high taxes and expensive toll roads

Retirees trying to live on a fixed income will likely struggle in the Garden State. New Jersey taxes all pensions and annuities and some IRAs. Auto insurance rates are higher, as are housing costs. Property taxes are up there, too. In recent months, there have been significant increases in toll amounts on the 30-some toll roads across the state, which is taking a bigger bite out of residents’ pockets. Violent crime rates are among the lowest of all the states, however.