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Retirement Shortfall Crisis by State
New research reveals a looming financial crisis for retirees: in 41 states plus D.C., seniors could run out of money before retirement ends, with average shortfalls hitting $109,000. High-cost states like California and New York face the biggest gaps, fueled by longer lifespans and rising care expenses. Eight percent of non-retirees have already tapped retirement funds for emergencies. CareScout urges retirees to weigh local care costs before relocating—and strongly recommends securing long-term care insurance early to protect savings and inheritances. Support the show:Get a discount at…
The skinny
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