Cheapest states for retirees

POSTED: 12:17 PM AKDT Oct 17, 2013    UPDATED: 06:17 AM AKDT Aug 18, 2014 
Elderly couple rollerblading, getting exercise

There are many factors that go into planning for retirement and many people approaching their golden years look to their bank accounts to determine a final place of residence. Take a look at a list of the cheapest states for retirees, according to Kiplinger.