Saving enough for a comfortable retirement can be a tough needle to thread, especially in light of increased household spending. A new report from J.P. Morgan Asset Management reveals that retirees are spending more in their early years than they have in the past, while simultaneously keeping assets in their workplace retirement plans in order to continue generating income. Even so, the research found that plan participants are spending more than they've put in, boosting the likelihood of outliving their savings.

But it's not just spending and saving habits that contribute to ease of retirement. Geography plays a big part in financial health, and if the state where you live presents challenges in the form of housing prices and cost of living, retiring may feel less like a reachable goal than a rapidly fading dream.

Personal finance site MagnifyMoney has released an index of states where adults 65 and older are best (or worst) positioned to retire. Using data from the U.S. Census Bureau's 2019 1-year American Community Survey study, the researchers considered factors including poverty rates, homeownership and retirement incomes across all 50 states and the District of Columbia.

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Richard Binder

Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.