Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • Your Survival Guy’s Super States
    • 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”
    • Your Survival Guy: Make Your Bed and The Hero Code
  • 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
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • 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

Your Retirement Life: This State is Dominant Once Again

December 9, 2019 By E.J. Smith - Your Survival Guy

By f11photo @ Shutterstock.com

You’re familiar with my piece Rich Grandchild, Poor Grandchild. Now I want you to shift gears and think about which states are the rich states, and which ones are the poor states.

“For each of the past 12 years, Arthur Laffer, Jonathan Williams and I have answered that question in ‘Rich States, Poor States,’ an index of economic competitiveness published by the American Legislative Exchange Council. Every year the top performer has been Utah,” explains Stephen Moore.

Yes, that’s right, the winner once again is Utah.

On a recent ski trip to Utah, my family experienced firsthand why they call it Silicon Slopes. With world-class skiing in and around Big and Little Cotton Canyons such as Deer Valley, Park City, Snowbird and Alta, there’s plenty of winter fun to be had within 45-minutes of booming Salt Lake City.

Sundance Mountain Resort, also within an hour’s drive of SLC was recently voted #1 ski resort in the U.S. and Canada by Conde Nast.

But as the saying goes, you’ll visit for the winter, but you’ll stay for the summers.

“One of the best parts of helping people in retirement is getting to be a part of their retirement life,” I wrote to you last month. “A client recently sent me this picture, and said: ‘Above is a snap of Rainbow Bridge taken from a nearby alcove that held some old signatures.’ It was great to be able to share that moment he had worked for his whole life.”

Here’s a pic:

More Reasons to Live in Utah

More reasons to live in Utah: No death tax, so don’t worry about being adventurous. There’s plenty to do when you have five breathtaking national parks: Arches, Canyonlands, Capitol Reef, Bryce Canyon, and Zion.

“Utah has a low, flat-rate income and corporate tax of below 5%,” writes Moore. “There’s no death tax, so wealthy people don’t have to flee to Florida after they retire. There’s a flat tax income tax, and it’s a right to work state.”

Moore continues (abridged):

Part of the reason for Utah’s consistently strong economic growth is a still-predominant Mormon culture that encourages out-of-fashion virtues such as thrift, delayed gratification and stable families. The state has the nation’s lowest median age. There is no dreary Malthusian concern about “overpopulation” in young and vital Utah. Stand outside a church on a Sunday morning, as I did recently, and you will see families with large numbers of kids spilling out of minivans. In the graying Northeast, that’s a rare sight.

Many analysts have attributed Utah’s prosperity to favorable demographics. But good economic policy leads to favorable demographics. Roughly half of Utah’s population explosion has been due to net migration of almost 80,000 newcomers (mostly young) over the past decade from other states. If Utah had New York’s or California’s tax rates and antibusiness attitudes, the flow of people would likely run the other way.

Progressives dismiss red states like Utah as places that reward the superrich with low taxes at the expense of everyone else. But perhaps the most confounding thing about Utah is that despite (or because of) its antiprogressive policies, it has the least income inequality in the nation, according to the latest U.S. Census Bureau data.

If the progressive soak-the-rich policies of presidential candidates Elizabeth Warren and Bernie Sanders are really the path to prosperity, why does conservative Utah—which spurns all their ideas—keep coming out No. 1?

Read more 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)

  • PRIMARIES: Trump Endorsed Candidates’ HUGE Night - May 18, 2022
  • All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP - May 18, 2022
  • TUCKER EXPLAINS: Buffalo Shooter was Troubled and People Knew It - May 18, 2022
  • Guns and Money: Learn from Ukraine and Get Yours Today - May 18, 2022
  • BE VIGILANT: The Rats Are Scurrying in These Rough Markets - May 17, 2022

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

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

Related Posts

Money 101

Trending

  • CHAOS: Don’t Sacrifice an Entire Retirement with This Mistake
  • ESG Is Another Way to Attack Conservative Principles
  • LOOKING FOR LIBERTY: Retirees Revive Rural America
  • You Can Do Better than Mutual Funds and ETFs with Your Cash
  • Biden Admin ALREADY Distancing Itself from Controversial Disinformation Czar
  • Your Survival Guy: Make Your Bed and The Hero Code
  • MARKET CHAOS: This May Take Time, Here’s How to Prepare
  • Joe Biden is Weaponizing Your 401(k) Against You
  • PANOPTICON: The Deep State's Expanded Civilian Surveillance
  • RAGE GAUGE: INVESTOR CARNAGE—Losing Control of Your Money

Must Reads

  • Americans Fleeing High Tax States for Growth Corridors
  • GAME ON! Lessons from Street Hockey on Baker Lane
  • Your Job as an Investor Is Not What You Think
  • Survival: Lost in the Woods Bending the Map
  • FIRE AND ICE: Defeat the Cold by Stocking Firewood
  • INTRUSIVE GOVERNMENT SURVEILLANCE: Does This Make You Feel Safer?
  • PREPPING: You Don’t Have to Save the World in a Weekend
  • HELLO: “How’s It Going? I Don’t Know Anything”
  • CRIME WAVE: A Top Cop Shouldn’t Have to Ask His City for This
  • Why You Can’t Afford to Miss the Boat
Only if You’re Serious
See Who's Missing the Boat
Key West Summer Camp in March
How Can You Save Money for Your Grandchild
Your Survival Guy's Fishing Stories
Money 101
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
Great Reset
Financial Independence, Retire Early
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Island Life

Copyright © 2022 | 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.