NEW MEXICO USED TO BE TOUTED AS A GREAT PLACE TO RETIRE. BUT HIGH CRIME AND OTHER ISSUES LED TO IT BEING BOUNCED OFF THE LIST IN A KIPLINGER’S MAGAZINE SURVEY. STACY RAPACON WITH KIPLINGER’S SAYS ONE THING GOING AGAINST NEW MEXICO IS THE FACT RETIREES’ INCOME … INCLUDING SOCIAL SECURITY … IS TAXED. THAT’S AS OTHER STATES ADJUST THEIR LAWS TO ELIMINATE THE TAX.
ANOTHER FINANCIAL ISSUE IS THE COST OF LIVING. SHE SAYS THE COST OF LIVING IN NEW MEXICO IS 3-POINT-6 PERCENT ABOVE AVERAGE WHILE THE MEDIAN INCOME FOR THOSE 65 YEARS AND OLDER IS BELOW AVERAGE.
RAPACON SAYS ADD THE STATE’S FBI CRIME STATS, AND IT ADDS UP TO A BAD PLACE FOR PEOPLE TO RETIRE.
