Friday, December 03, 2010

MSN/Kiplinger: 5 best and 5 worst states to retire; CNBC: raise retirement age to 68?

MSN has a link giving the 5 best and 5 worst states to retire, from Kiplinger. Best: Alaska, Wyoming, Michigan, Pennsylvania, Colorado Worst: California, Rhode Island, New Jersey, Vermont, Iowa. Pay attention not only to state income tax but also to exclusions of social security, sales taxes, medical exemption, and out –of-state investments.

There is an embedded CNBC video “Raise the retirement age to 68?” The commentators did say many retirees were flipping hamburgers, but that we still have a 1930s-style social security system. I thought the deficit commission proposal was age 69 by 2075. I won't be around then!

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