5 Strong Reasons to Think Twice About Retiring in Colorado

Coloradans work hard, some days it seems too hard, knowing that someday we're going to retire. Being retired and also living in Colorado just seems to be a harder reality every year. Here come five more reasons.

When you hear about all these reasons about how tough it is to retire in Colorado, does it make you re-think your plans about retiring here, or do you "push on," hoping for the best?

If anything, you can take the information and work to set aside more money, or find frugal options when it comes to health care, later in life. Colorado is just to wonderful and beautiful to just leave it behind.

Maybe you're a Colorado native and intend to remain in Colorado through retirement; maybe you moved here for your job and you've made yourself a life that you don't want to give up. There are good reasons to want to retire in the Centennial State, but it may not be in the cars, for many.

CNBC reports that BankRate, a financial investment firm, compiled a list of the best and the worst places to retire; when it came to the five key things BankRate was looking at, Colorado ranked among the worst.

Colorado Ranks as 7th Worst State to Retire To

Of all 50 states in America, here comes Colorado rising into the top 10 for terrible places for retirement. That does make those of us who love Colorado feel fantastic, that's for sure. Wyoming, Kansas, Nebraska, Utah: All of those states are apparently much nicer for retiring, but.. where's the fun in that?

RELATED: 2 Colorado Towns Among Hot Spots for Retirement

Five Reasons Why Colorado is Bad For Your Retirement Plans

BankRate used five weighted categories when determining where people should (or shouldn't) live out their retirement.

• Affordability. This category carried 40% of each state's overall rating. Colorado came in 39th out of 50 when it comes to affordability. No real surprise there, we've heard it a lot.
• Overall Wellbeing. This refers to things like how many other retirees you might have in your area (making you feel comfortable there) and the availability of food and health care. The category carried 25% of each state's rating; Colorado came in at #28 out of 50 states.
• Quality & Cost of Health Care. This category made up 20% of each state's rating, dealing with the cost of health care at the state level and the performance of each state’s health system. Colorado did very well here, coming in at #2, though it was not enough to bring us out of the top 10 "worst."
• Weather. When you consider that Colorado has many more sunny days than non sunny days, you'd think that would matter, but BankRate was looking at things such as the number of tornados, earthquakes and hurricane landfalls when it comes to weather, with it carrrying10% for each state's rating. Colorado came in at #42 out of 50.
• Crime. With it mattering only 5% for each state's overall rating, they were looking for he amount of property crimes and violent crimes per 100,000 residents. Colorado did not do well: 37th out of 50.

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Maybe we can spend some effort in changing the crime numbers, and improving overall wellbeing while being retired in Colorado, and fight to make things more affordable here; but we definitely can't change the weather.