Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

Where to Live to Save for Retirement. It’s Not Where You Think

July 3, 2017 By E.J. Smith - Your Survival Guy

I’ve spent some time lately discussing states with booming economies like South Carolina, and states that are near bankruptcy, like Illinois. Depending on a state’s fiscal strength, or lack thereof, your earnings could be targeted to fill the gaps. And some states have a cost of living so high, no matter what you’re making, it’s nearly impossible to save.

Maximizing your savings early on is the most important thing you can do to jumpstart the power of compounding in your retirement portfolio. But many Americans aren’t making very much money until their peak earning years, from say 45 to 65. Savers at this stage in the game need to maximize the effectiveness of their efforts. If you’re thinking about a pre-retirement move, Financial Advisor Magazine has highlighted a study that ranks the states by their benefit to pre-retirees. Karen DeMasters writes:

“We did not consider the weather. We wanted to expand people’s horizons beyond Florida and Arizona. A state that has a poor financial situation may raise taxes or cut benefits. The resources in a state with a lot of retirees may be overwhelmed,” Peterson says.

Full employment before retirement can mean a bigger nest egg, and the availability of affordable housing and assisted-living facilities are crucial to older Americans, says LPL. The states also were judged on the availability of employment and education and the overall wellness of residents.

LPL ranked the 50 states and the District of Columbia. Following are the top 10 places for pre-retirees in ascending order and a few of the reasons each stands out.

See the rankings here.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • Your Personal Safety: Concealed-Carry How to Carry Your Freedom - January 22, 2021
  • Your Retirement Life: Meet Your BMW Club Racing Program Director - January 22, 2021
  • PANDEMIC Pushes Military-Grade Surveillance on Americans Like YOU - January 21, 2021
  • Do You Know Who’s the Largest Owner of Farmland in America? - January 21, 2021
  • A President Speaks: “Hard Work Never Killed Anybody” - January 20, 2021

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Trending

  • There's Always a Way Forward for Americans Like YOU
  • H2O, Skiing, Hiding A$$ET$, Bitcoin, Ammo & More
  • How Are You Doing on a Local Level?
  • Your Personal Safety: Concealed-Carry How to Carry Your Freedom
  • America 2022: Time to Take Back What's Ours
  • February RAGE Gauge: Americans Focusing on What's In Front of Them
  • Don’t Be on Their Radar, Get Out of Debt Now
  • PANDEMIC Pushes Military-Grade Surveillance on Americans Like YOU
  • Great Reset, Swiss Way, and Living YOUR WAY
  • Tucker Explains: Who Is Biden Nominee Kristen Clarke?

YOUR SURVIVAL GUY MUST READS

  • Why Vanguard is too Big: Part VIII: You Can’t Know What You Don’t Know
  • New Mexico Sheriff Stands Up for the Constitution
  • Be a Shepherd. You’ll Be Happier. Greed Kills
  • Biden Appoints Obama’s Liar-in-Chief to Domestic Policy Council
  • Exclusive! Survive and Thrive: Election 2020 Edition: Stock Market is Predicting a Trump Win
  • If You Can, Tell Retirement “Not Yet”
  • Yes, You’ve Met Ronald Read in Richard C. Young’s Intelligence Report
  • October RAGE Gauge: Stocks Down Over 33% Thrice this Century
  • Here’s Why You Should Treat Your Disaster Cash like Gold
  • Americans Buying Guns: Prepping for Life in Quarantine
Only if You’re Serious
Only if You’re Serious
Only if You’re Serious
Escape the City
Smith Family Robinson
Only if You’re Serious
Why Vanguard is Too Big for YOU
See Who's Missing the Boat
You Invest, They Win
Emergency Water Storage
Emergency Water Storage
Emergency Water Storage
Why Fidelity is Number One

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.