Eastern U.S. offers more 'bang for the buck' in retirement

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Eastern U.S. offers more 'bang for the buck' in retirement
Eastern U.S. offers more 'bang for the buck' in retirement

Where can Americans maximize their retirement savings and live comfortably?

Look east of the Mississippi River, according to GOBankingRates.com. The personal finance and consumer banking website compiled data on all 50 states and the District of Columbia related to taxes, living expenses, banking, healthcare and Social Security.

“While warmer places like Arizona tend to be popular destinations to retire, our study found that states located on the East Coast in general offer retirees the most bang for their buck,” said the lead researcher on the study, Kristen Bonner, loosely using the descriptor East Coast to mean the eastern United States. “We found that these states have lower home prices, on average, as well as relatively low health insurance premiums and Social Security benefits among the highest in the country.”

The top 10 states for “retiring rich,” according to the site:

  1. Delaware
  2. Michigan
  3. Indiana
  4. Maryland
  5. Florida
  6. New Jersey
  7. Pennsylvania
  8. Mississippi
  9. Ohio
  10. Georgia

The 10 worst states:

  1. Hawaii
  2. Vermont
  3. North Dakota
  4. Montana
  5. New Mexico
  6. Alaska
  7. Colorado
  8. West Virginia
  9. Maine
  10. Nebraska

See the whole list here. Take a look at other recent surveys under “Related Articles,” below.

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