Tags: Retirement | retirement | Alaska | veterans

Veterans Guide to Retiring in Alaska

By    |   Saturday, 30 May 2015 05:58 PM

Alaska is one of the top places in the country for veterans to retire when it comes to benefits. While retiring in Alaska will mean forfeiting any dreams of spending your golden years sipping tropical cocktails on a white sandy beach, for those who love the outdoors, the "last great frontier" in the United States is paradise in its own right. For veterans retiring in Alaska, there are extra economic perks, too.

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WalletHub ranked Alaska No. 7 in the country in terms of the best and worst states for retiring vets. When compiling the list, the website took 20 different metrics into account. "Military retirement is a far more complicated issue than one might initially assume, given the extent to which state tax policies differ when it comes to military benefits, the relative friendliness of different job markets to veterans, and a variety of other important socioeconomic factors."

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The website split its metrics into three major rankings – economic environment, quality of life, and health care. Alaska ranked No. 4 in the U.S. for economic environment, meaning that it has low taxes, good job opportunities for veterans as well as affordable housing. When it came to quality of life, Alaska was No. 6. Its health care rating was lower, at No. 28, on the list, but this is more to be expected considering the survey took into account things like the number of hospitals and doctors in the state, which considering the vast amounts of rural areas in Alaska, will inherently be lower.

Additionally, Alaska offers veterans some other financial incentives for retiring in the state. The Veterans Land Discount program "allows certain veterans up to a 25 percent discount on the purchase price of state residential/recreational land. The discount may only be used once during the veteran's lifetime," according Military.com Veterans who were disabled as a result of their service in the line of duty may also be entitled to property tax exemptions. Veterans also qualify for financing on housing purchases at a lower rate.

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Alaska is one of the top places in the country for veterans to retire when it comes to benefits.
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Saturday, 30 May 2015 05:58 PM
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