17. Connecticut
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Connecticut is a picturesque New England state with a mix of coastal cities, small towns, rural areas and magnificent lakes. Mystic Seaport Aquarium and Museum are two must-visit destinations. The high cost of living might dissuade people from retiring in Connecticut.Residents pay both hefty state income taxes and high local property taxes.
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The state is in a budget crisis as many large companies such as General Electric and Aetna have relocated, resulting in a huge loss of financial contributions to the tax base. Retirees can expect to see escalating tax bills during their golden years.
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