Preparing to Retire

East coasters are best positioned to retire with flush nest eggs than Americans in other parts of the country, according to new data.

Connecticut residents have the highest retirement savings account balances out of the entire country with an average of $523,568 saved per household, according to data from Personal Capital, an online financial advisor and personal wealth management company. The analysis is based on balances of IRAs, Roth IRAs, 401(k)s, and 403(b)s of 2.8 million anonymous users across the country.

Other New England and Mid-Atlantic states follow Connecticut, such as New Hampshire (No. 2) with an average of $494,562 saved, New Jersey (No. 3) with an average of $489,664, and Virginia (No. 5) with $468,579 saved. The geographic outlier is Alaska (No. 4) with an average balance of $489,070.  READ MORE