Looking to retire soon and keep a little, okay, a lot of of the money you worked so hard for all your life?

Look no further than South Dakota.

South Dakota ranks 7th in the best 10 states to retire rich in the United States based on its low tax rates according to a report from GoBankingRates.

What makes South Dakota such an attractive state for retires to keep their wealth? Well, I'm glad you asked. It's South Dakota's ability to help people maintain their wealth based on taxes, living expenses, and health care.

The state of New Hampshire topped the list based on their absence of sales, estate, inheritance or Social Security income taxes.

Avoid retiring in New York, unless of course you have some strange desire to rapidly burn through your nest egg during your golden years.

New York is listed as the absolute worst state to retire in if you're rich.

New York boasts some of the highest health care premiums in the nation.

While you're at it, you should probably give a second thought to retiring in New Jersey and Massachusetts as well. Those two states also made the top 10 worst states list for the same reason.

Source: GoBankingRates

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