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If you're looking for a great place to retire the experts at Bankrate.com say skip New York.

The personal finance website ranks the Empire State dead last in a new study.

High taxes and the high cost of living are the major reasons why New York is in 50th place.
Bankrate also considered lifestyle factors including weather, cost-of-living, crime rate and health care.

South Dakota, Colorado, Utah, North Dakota and Wyoming rank one through five as the best states for retirees.

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