Retirees are encouraged to have somewhere in the ballpark of $1 million in retirement funds by the time they retire, with the expectation that those funds, plus Social Security, will be enough to get you through your golden years. Find Out: I Asked ChatGPT Where To Retire on $2,000 a Month: Here’s What It Said Read Next: 5 Types of Cars Retirees Should Stay Away From Buying While a cool million sounds pretty good, depending on where you live, that money can burn up quicker in some states than in others. ...

The study found that for those who prioritize “lifestyle and financial breathing room,” then Southern and Midwestern cities are among the best choices. For those looking for career opportunities in coastal hubs, “the trade-off is clear: a six-figure salary doesn’t stretch as far as it used to.”Perhaps not surprisingly, New York City, San Francisco and Los Angeles were all in the bottom five of the Professpost study. In New York City, a combination of high taxes and steep living costs leaves a “$100k salary ...