Many military retirees face difficult roads when reentering civilian life. While some are fortunate to embark on a second career — the insurance industry has long made an effort to recruit veterans — others may face more serious challenges such as homelessness. The pandemic has made it even tougher for former military personnel looking for a civilian job, with the unemployment rate caused by the lockdown and business closings posing a major obstacle. This year's leavers will include the last U.S. forces withdrawn from Afghanistan. In deciding where to settle down, they must consider how state tax policies on military benefits vary, how friendly different job markets are, and other socioeconomic factors. To find the best states for military retirement, WalletHub compared the 50 states and the District of Columbia across the key dimensions of economic environment, quality of life and health care, evaluating them using 30 relevant metrics, such as veterans per capita, number of VA health centers and job opportunities for veterans. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for military retirees. Researchers then determined each state and the district's weighted average across all metrics to calculate its overall score and used the resulting scores to rank the sample. See the gallery for the 12 best choices for military retirees. Related: |

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Michael S. Fischer

Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.