I came across this infographic this morning on saving for retirement. I thought with all the discussion about the so-called fiscal cliff and the various plans/schemes to solve the debt crisis it was timely. One of the proposals just so you know is to limit the amount of money that you can save tax-deferred in qualified retirement plans such as 401(k)’s and 403(b)’s.
“How Much to Save for Retirement – Are You Ready?” – An infographic by Money Crashers Personal Finance
The top 10 worst states are, in alphabetical order, California, Connecticut, Illinois, Ohio, Massachusetts, Nevada, New Jersey, New York, Rhode Island, and Wisconsin.
If one looks at these same states in terms of the Brady Campaign ratings, seven out of the top 10 worst retirement states are also in the top 10 in the Brady scores. To score high in the Brady rankings, you have to have high levels of gun control.
I’m not going to saying correlation is causation but it is a very interesting correlation. That is, the least free states are also, for the most part, the worst states in which to retire. Makes sense to me.
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