The 15 best states for stretching your retirement savings

Americans’ lackluster retirement savings situation draws a lot of attention — and rightfully so. Recent surveys have found that 47 percent of workers have less than $25,000 in savings, and workers with retirement plans like a 401(k) aren’t saving nearly as much as they could stash in those accounts.

  • Taxes — average state sales tax, state tax on Social Security benefits, average property tax
  • Living expenses — average home listing price, median home value, cost of living index
  • Health expenses — average health insurance premiums, Medicare spending per person
  • Average home listing price: $291,161
  • Average health insurance premium: $423
  • Average Medicare spending per person: $9,905
  1. Delaware
  2. Michigan
  3. Maryland
  4. Indiana
  5. New Jersey
  6. Pennsylvania
  7. New Hampshire
  8. Wyoming
  9. Virginia
  10. Florida
  11. Mississippi
  12. Texas
  13. Louisiana
  14. Oklahoma
  15. Alabama

Read more…