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10 worst states for retirement security

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10 worst states for retirement security

April 17, 2014

If you think you’re financially ready for retirement, where you live can make a difference, according to a recent report that finds that nearly every state falls short in key areas that measure retirement readiness. If you live in Wyoming or Alaska, where retirement income is untaxed, you may fare better. The report, recently presented at the National Institute on Retirement Security’s fifth annual retirement policy conference, gauges the relative performance of the fifty states and the District of Columbia in three key areas: anticipated retirement income; major retirement costs like housing and health care; and labor market conditions for older workers. The study is designed to serve as a tool for policy makers to help identify potential areas of focus for state-based policy interventions to improve Americans’ retirement prospects. The full study, The Financial Security Scorecard: A State-by-State Analysis of Economic Pressures Facing Future Retirees is available here .

These are the 10 states that landed at the bottom of the list of the financial security scorecard:

http://www.marketwatch.com/story/10-worst-states-for-retirement-security-2014-04-17?siteid=yhoof2

Guest CharliePS
Posted

By their standards, I moved from one of the best to the worst when I retired, but strangely, it doesn't feel that way to me.

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