Look for your retirement life of freedom with Your Survival Guy’s Super States. One of my perennial favorite states is New Hampshire. Keep in mind, there are no taxes on investment income in New Hampshire, which is why I like it for retirees looking to stick around in New England.
I am not surprised about the recession warning since most of southern New Hampshire works in Massachusetts. I like New Hampshire for successful Americans like you who have made their money and want to keep what is rightfully theirs. At MarketWatch, Greg Robb explains that many states are already in recession. He writes:
The U.S. economy is very close to falling into a damaging contraction — and many states are already experiencing a recession, according to Mark Zandi, chief economist at Moody’s Analytics.
Zandi estimates that 22 states plus the District of Columbia are now experiencing persistent economic weakness and job losses that are likely to continue. Another 13 states are treading water, he noted.
The overall picture is one of a weak U.S. economy that is vulnerable to being pushed into a ditch by a strong wind. “The economy is still not in recession, but the risks are very high. We’re on the precipice,” Zandi said in an interview with MarketWatch.
California and New York are among the states that are treading water. If either of those falters, it would tip the economy into recession, Zandi said.
A separate forecast by UCLA Anderson School of Management released this week stated that a recession in California is now plausible.
Action Line: Keep your eye on the economy, and what’s happening in your own state. It’s best to chart your course with help from a professional. Email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
