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Americans think they need $1.5 million to retire comfortably. But that sum can only take you that far in some states.
However, not all states see the same types of increases on monthly benefits. Due to how Social Security is calculated, some retirees in certain states would see higher increases than others.
California, Texas and New York have the highest SSI recipients, as millions rely on Social Security for financial support.
The latest 'magic number' for retirement calculated by Charles Schwab is $1.5 million. Here's how long that lasts in Nevada.
The report calculates the annual cost of living in each state, after deducting Social Security income, to determine how long $1.5 million in savings would last in retirement. Need a break?
Retirees move to new states for all sorts of reasons. For some it’s the weather, or to be near family, or to be closer to medical care. But for those moving in search of lower income taxes—and ...
There are different rules and tax rates for different kinds of retirement income. Fully 41 states don't tax Social Security benefits, though the federal government does. It pays to know your state ...
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