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Florida At The Top Of List For Retirees

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(Source: www.usfsp.edu)

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MIAMI (CBSMiami) – Anyone who lives in Florida and plans on retiring will be happy to know that they may already be a step ahead of the competition without having to do any extra work.

The Sunshine State has earned the number five slot on Interest.com when it comes to retiree income, according to the Miami Herald.

The study used Census data to look at senior citizens pre- and post-retirement income and Floridians, 65 and older, seemed to be doing pretty well.

On a national level retirees make just 57 percent of pre-retirees, but in Florida 65-and-ups make about 67 percent a year of those in the 45-64 age groups, according to the paper.

Nevada, who ranked number one, and Hawaii crossed the threshold for seniors who had 70 percent of income they had earned while working.

Florida finished in the second tier, behind New Mexico and Arizona.

The median retirement income in Florida is about $35,000, compared to about $52,000 for the median pre-retirement income.

(©2013 CBS Local Media, a division of CBS Radio Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. CBS4 news partner The Miami Herald contributed material for this report.)

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