(A lot of interesting items have crossed my "desk" since my last post. Now that summer and some extended camping/road trips are over I'll resume more frequent postings. )
The Confident Retirement Journey has a useful Retirement Readiness Process (tm) worksheet for your countdown to retirement. But are pre-retirees in some states better off for retirement than those in others? While I disagree with the quality of life results for my beloved State of Oregon, this new study by financial services firm LPL presents a new way of looking at retirement readiness on a state-by-state basis. What is the state of retirement readiness in your state?
The LPL Research Retirement Index is the first holistic retirement index that ranks U.S. states on their attractiveness for pre-retirees as they prepare for retirement. This index is unique in that it looks specifically at the 45- to 64-year-old cohort and collectively assesses strengths and weaknesses of pre-retiree desirability on a state level, rather than city or regional level. The 45- to 64-year-old cohort is a significant population because they represent a large subset of the Baby Boomer generation still approaching retirement. States are evaluated on six key factors, each with its own supporting metrics, to evaluate overall desirability for retirement.