The long-term future of Social Security is in the air right now, as the trust fund supplying most of the payments faces depletion in less than 10 years if nothing is done, forcing recipients to receive less money than they do now.
Although the cost of living in the area where a recipient resides does not factor into how much money the person gets from Social Security, it does help paint a better picture of how much a cut in funding would affect the individual. Here are states that would fare the best if there are drastic cuts to the Social Security program.States that offer the best senior benefits:
Georgia has several"senior-friendly" policies, which include: Zero Social Security tax, low healthcare costs, retirement income adjustments on their state tax returns, and property tax benefits, deductions, and exemptions for seniors over 65. Virginia is known for its senior living and home care population. The state also has a wide range of doctors who are qualified for Medicare. The state as a whole additionally has a strong economy and low taxes.
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