RETIRING IN RI IS AN EXPENSIVE PROPOSITION

A new GoBankingRates survey revealed the best and worst states to retire. Go Banking looked at all 50 states and figured out how far a one million dollar retirement nest egg would go for those 65 and older factoring in typical expenses like groceries, housing, transportation, healthcare and more. Not surprisingly, Rhode Island isn't exactly where you can best stretch your retirement bucks. Little Rhody came in 42nd out of 50. GoBanking says RI retirees age 65 and older will exhaust a million bucks in 18 years and two months. When we asked our audience if they planned on retiring here, 86% said no and of the 14% who said yes, most said it was because of family obligations. Keep in mind, we asked this question BEFORE the PUC gave the thumbs up to a National Grid rate increase that'll tack an average 17 bucks a month to the average bill. Does anyone have U-Haul's toll free number handy?


Sponsored Content

Sponsored Content