The cost of retirement can vary state to state. How much would you need to retire in New York?

To determine the amount of money needed to retire, GOBankingRates calculated the annual expenses for housing, food, utilities, transportation and health care in each state for people 65 years or older, using data from the Bureau of Labor Statistics and the Missouri Economic Research and Information Center. All data was collected and is up to date as of January 8th 2024.

Those totals were then multiplied by 25 or 30 years, excluding Social Security payments, since those benefits would supplement retirees’ personal savings. The study assumes that retirees will receive annual Social Security payments of $21,566.76, the U.S. average based on the most recent information provided by the Social Security Administration."

CNBC reported on the findings. Here's what they found for the Empire State:

New York
Annual retirement expenditures: $73,140
Minimum needed for 25 years of retirement: $1,289,325
Minimum needed for 30 years of retirement: $1,548,739"

For a 25-year retirement, you’d need just over $2 million in Hawaii. That's hands down the most of all states. That’s followed by Massachusetts, California and New York, along with 12 other states where you’d need at least $1 million saved up to retire. So get ready to work forever.

Need to start planning for retirement? The New York State Common Retirement fund is a public pension plan for the employees of New York State government. As of 2018, it is the third largest public pension plan in the nation, and holds $207.4 billion in assets. You can learn more online here.

January New York Lottery Scratch Off Tickets With The Most Number One Jackpots Remaining

Here in New York, the time is now to start searching for some amazing jackpots. There are all sorts of different kinds of Scratch-Off tickets offered by the New York Lottery.

While looking at the latest weekly roundup for grand prizes, we counted 59 different tickets that have their grand prizes still on the market. The report was last updated on December 7th 2023, as we publish this article. 

Gallery Credit: Dave Wheeler

13 Of New York State's Most Wanted Criminals- January 2024

Below are individuals wanted by the New York State Department of Corrections and Community Supervision's (DOCCS) Office of Special Investigations who have been designated as its Most Wanted Fugitives. They should be considered armed and dangerous. This list is current as of 1/01/2024:

NEVER attempt to apprehend a fugitive yourself. If you have information on the location of any of these fugitives, you can contact OSI 24 hours a day / 7 days a week to report it. All leads and tips are treated as confidential information.

If an immediate response is necessary, such as you see the wanted person at a location, please call “911” and report it to the police.

Gallery Credit: Dave Wheeler

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