Middle-class individuals can retire in the South with great weather and a lower cost of living. A study by GOBankingRates shows that retirees in Arkansas, Louisiana, Mississippi, and West Virginia need $270,000 to $338,000 for a 20-year retirement without Social Security benefits. Explore more at the GOBankingRates Original Research Center.
Different states have varying savings requirements for middle-class retirees. For example, those in Mississippi need $270,000 for a 20-year retirement without Social Security benefits, while those in Florida need $995,520. Discover how far retirement savings plus Social Security goes in every state on GOBankingRates.
The middle-class income range varies from state to state, affecting the amount needed for a 20-year retirement. For instance, retirees in states like Florida and Mississippi require different savings amounts for a comfortable retirement. Find out more on GOBankingRates and plan ahead for your retirement.
Read more at Yahoo Finance: Dreaming of a Middle-Class Retirement in the South? Here’s What You Need To Save