These states are the most financially ready for retirement
2015-10-21
Where in America are people the most ready for retirement, financially? Looks like it's the east coast.
Delaware ranks as the most prepared state for retirement, according to data by Personal Capital, an app-focused financial advisor. Personal Capital users in Delaware have the highest average amount of savings to date, at $286,277.
Further up the the coast, Connecticut is the second most financially ready to retire. Personal Capital users in that state have an average of $279,367 set aside.
Staying on the east coast, New Jersey rounds out the top 3 with an average of $272,918 saved for retirement.
Over on the west coast, the investment advisory firm found its California users fell behind to the number 20 spot in retirement readiness. They only have an average of $227,290 saved for their golden years.
Goals to pay for education also differs from coast to coast. Education was a top financial goal for east coasters.
The average expected savings for a 4-year college education was almost $200,000 in New Jersey, Massachusetts and New York. But in comparison, the average was just $174,684 in California, ranking it in fifth place.
http://finance.yahoo.com/news/east-coast-reigns-with-most-retirement-ready-states-155020558.html
Delaware ranks as the most prepared state for retirement, according to data by Personal Capital, an app-focused financial advisor. Personal Capital users in Delaware have the highest average amount of savings to date, at $286,277.
Staying on the east coast, New Jersey rounds out the top 3 with an average of $272,918 saved for retirement.
Over on the west coast, the investment advisory firm found its California users fell behind to the number 20 spot in retirement readiness. They only have an average of $227,290 saved for their golden years.
Goals to pay for education also differs from coast to coast. Education was a top financial goal for east coasters.
The average expected savings for a 4-year college education was almost $200,000 in New Jersey, Massachusetts and New York. But in comparison, the average was just $174,684 in California, ranking it in fifth place.
http://finance.yahoo.com/news/east-coast-reigns-with-most-retirement-ready-states-155020558.html
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