George Kamel, financial expert from Ramsey Solutions, between Americans working in retirement age and provides advice to investors.
Retirement nest eggs and social security services are key funds for many Americans because they live their golden years in the state of their choice.
A recently published study of gobankingrates Looked on the financial track that retirees would have in each state with social security benefits and 1.5 million dollars have retired for retirement, the search for Virginia-Western offered the most years before life costs exhaust their retirement savings.
The Mountain State has ranked n ° 1 with 1.5 million dollars of retirement savings which should support retirees for 54 years, while facing around $ 27,800 in subsistence cost each year after Social security servicesaccording to the study.
Social Security Administration (SSA) allows Americans to access their social security retirement services early from the age of 62, although payments “are reduced by a low percentage for each month before your retirement age” if they do, according to the SSA. The full retirement age of his number depends on the birth of a person.
Social security payments to increase public pension beneficiaries
GoBankingrates said that it had used data from a multitude of sources, including the Bureau of Labor Statistics, the SSA and the Missouri Economic Research and Information Center, to determine its classification of the way states accumulate in terms of social security time and $ 1.5 million retiree residing in them.
Overall, the study indicated that these two sources of funds would offer different quantities of years of “financial security” For retirees in states across the country. The cost of living for Social Security varied from $ 27,803 to $ 87,770 per year, he revealed.
401 (K) The sales reached the second higher recorded: Fidelity
GoBankingrates found the number of years of $ 1.5 million and social security Sustain The retirees in each state were:
Virginie-Western: 54 years ($ 27,803 cost of post-social security per year)
Charleston is the capital and the largest city in the US state in Virginia-Western. Slightly treated using the HDR technique (Istock / Istock)
Kansas: 52 years ($ 28,945 cost of post-social security living per year)
Mississippi: 51 years ($ 29,426 cost of post-social security per year)
Oklahoma: 51 years ($ 29,666 cost of post-social security per year)
Alabama: 50 years ($ 30,207 post-social security cost of life per year)
Missouri: 50 years ($ 30,327 cost of post-social security living per year)
Arkansas: 49 years ($ 30,237 cost of post-social security living per year)
Tennessee: 49 years ($ 30,928 cost of post-social security living per year)
Iowa: 48 years ($ 31168 cost of post-social security living per year)
Indiana: 47 years ($ 3,709 $ 3,09 cost of post-social security per year)
Air view of Indianapolis in the city center with Statehouse in Indiana (Istock / Istock)
Georgia: 47 years ($ 31,829 cost of post-social security living per year)
Dakota from the North: 47 years ($ 32,190 Cost of the living in post-social life per year)
Michigan: 46 years ($ 32,310 cost of post-social security living per year)
Southern Dakota: 46 years ($ 32,310 cost of post-social security per year)
Texas: 46 years ($ 32,490 cost of post-social security living per year)
Nebraska: 46 years ($ 32,610 cost of post-social security living per year)
Kentucky: 46 years ($ 32,670 cost of post-social security per year)
New Mexico: 46 years ($ 32,670 cost of post-social security per year)
Louisiana: 45 years ($ 33,031 cost of post-social security living per year)
An aerial view of the downtown Baton Rouge from the State Capitol building, looking towards the bridge and the Mississippi river. (Istock / Istock)
Montana: 45 years ($ 33,331 cost of post-social security per year)
Ohio: 44 years ($ 33,827 cost of post-social security per year)
Pennsylvanie: 44 years ($ 33,872 post-social security cost per year)
South Carolina: 44 years ($ 34,052 cost of post-social security per year)
Minnesota: 44 years ($ 34,113 cost of post-social security per year)
Wyoming: 44 years ($ 34,173 cost of post-social security per year)
Illinois: 44 years ($ 34,233 cost of post-social security per year)
Caroline du Nord: 42 years ($ 35,495 cost of post-social security living per year)
Downtown Raleigh, North Carolina, USA Drone Skyline Aerial. (Istock / Istock)
Maryland: 41 years old ($ 36,276 cost of the life of post-social life per year)
Wisconsin: 41 years ($ 36,516 cost of post-social security per year)
Nevada: 41 years ($ 26,997 cost of post-social security living per year)
Delaware: 40 years ($ 37,057 cost of post-social security per year)
Virginie: 40 years ($ 37,237 cost of post-social security living per year)
Idaho: 39 years old ($ 38,379 cost of post-social security per year)
Florida: 39 years old ($ 38,379 cost of post-social security per year)
Wallethub published a report on Monday that found the best American states to retire in 2022. Florida was at the top of the list. Tallahassee, in Florida, is represented. (istock)
Colorado: 39 years old ($ 38,559 cost of post-social security living per year)
Utah: 35 years ($ 42,645 cost of post-social security living per year)
Oregon: 35 years ($ 42,945 cost of post-social security living per year)
New Hampshire: 34 years old ($ 43,847 cost of the life of post-social life per year)
Connecticut: 34 years ($ 43,967 cost of post-social security per year)
Rhode Island: 34 years ($ 44,387 cost of post-social security per year)
Arizona: 34 years ($ 44,628 cost of post-social security per year
Maine: 33 years ($ 45,048 cost of post-social security living per year)
Washington: 33 years ($ 45,108 Post-social security cost per year)
Vermont: 33 years ($ 45,409 cost of post-social security living per year)
New Jersey: 33 years old ($ 45,829 cost of life in post-social life per year)
The New Jersey’s status capital lights up while the sun sets the Delaware river in the background of the city of Trenton (istock)
