cheapeststatestoretire
For many of us, the thought of retiring can be stressful and even daunting. The first step towards retirement is understanding how much money you need. Despite the fact that everyone has a different vision of retirement and a different number of financial freedom, there is a bare minimum amount of money required to retire in every state. Below are some statistics compiled from a variety of sources, including GoBankingRates, WalletHub, and Bankrate to name a few, that might surprise you. Fortunately, most states do not require more than $1 million in savings to retire for those who aren’t high-...
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Are you ready to retire from your career but worry that you may not be financially prepared? This is a common concern. The majority of baby boomers have no retirement savings, and 40% plan to rely solely on Social Security for their income after retirement. What’s worse, most Americans have no idea how much they’ll realistically need for retirement. As such, retiring for less is more than important than ever. How can you put your mind at ease? Well, you could start saving for retirement now, as well as plan for developing multiple retirement income sources. Both of which will help you live a m...
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