18 percent

Employee Benefit Adviser

Sean Allocca

September 7

Are you financially prepared for retirement?

According to a 2018 Fidelity Investments survey, half of future retirees are at risk of not being able to cover essential expenses into retirement, with only 18% able to cover essential spending. Just 32% of the 3,100 respondents surveyed were on target to cover all spending, including travel and entertainment. Another study from Bankrate.com ranked all 50 states by cost of living to help determine which geographies are most appropriate for clients. California and New York ended up on the bottom of the list, while Utah, Idaho and New Hampshire were among the frontrunners.

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