Another Top-10 List (and Bottom 10 List) — States Offering Most (Least) Comfortable Retirement

Benjamin Franklin used the infamous phrase “‘In this world nothing can be said to be certain, except death and taxes,” in a letter sent in 1789 which was re-printed in The Works of Benjamin Franklin, in 1817.  While Franklin may not have been the original author of this conclusion and statement, he certainly spoke the truth.  What many hope for, however, is a retirement time from our lifelong work prior to facing Franklin’s inevitable dynamic duo.  And with an income that is comfortable.

So economically speaking, where are the best places to retire (and economics may have nothing to do with climate, health services, proximity to medical care or nearness to family and friends)?  The Wall St. CheatSheet® has published an article comparing the typical workers pre- and post- retirement incomes in the top 10 states.  The article was based on a study completed by that compared the income of households 65 years of age and up to incomes in the 45 to 64 year old age group.  The study included household percentages in the 65+ age group and changes since 2005.

Financial experts quote a need for 70 percent of their preretirement income for  individuals to comfortably retire.  Just two states, however, have 65 year old and up household incomes of 70 percent of those aged 45 to 64:  Nevada and Hawaii. Nationwide, the average is just 57.4 percent, up from 50 percent in 2005.  So things are improving for retirees, but still not hitting that comfort range.

The top-ten rankings include:


And the bottom-10 performers when comparing aged 45 to 64 year old incomes to those 65 and up?


Four states have at least one-out-of-four households aged 65 and up: Florida (27.9 percent), West Virginia (26.2 percent) and Hawaii and Pennsylvania (25 percent).

States with the fewest retiree-aged households (and those with less than 20 percent) include: Alaska (14.1 percent), Utah (17.8 percent), Texas (18.2 percent), Colorado (18.2 percent) and Georgia (18.7 percent).

To see where all 50-states perform in pre- and post- retirement income, click

To read the entire article with many additional details on the top-ten ranking states as listed by Wall St. CheatStreet click





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