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Retirement costs
A comfortable retirement doesn’t come cheap. While you may hear stories of people retiring on as little as $2,000 a month, the reality for most of us is likely to be much different. Indeed, according to data from the Bureau of Labor Statistics, the average over-65 household will spend nearly $50,000 a year. The biggest chunk of that is on housing at more than $16,000 a year, but health care is high on the list too (about $6,600). Hawaii topped the list of the most expensive states: To retire comfortably there, you will need to spend upwards of $117,000 a year. Mississippi is the cheapest place to retire comfortably at about $53,000 a year, thanks in part to having the cheapest housing and groceries of any state; you can live well there with a nest egg of about $1 million. In Tennessee the annual cost is estimated at $55,425, North Carolina is about $3,000 more expensive a year, while Virginia's cost tops $63,000.
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Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
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