Mississippi Residents Hold Less Than Half the National Average in Retirement Savings
Mississippi residents hold less than half the national average of retirement savings, with many having approximately $35,000 set aside. This follows a SmartAsset report ranking 40 U.S. states on retirement preparedness. Mississippi ranked last in the report. Only 41.8 percent of those with retirement savings in the state hold those funds in tax-advantaged accounts that offer tax exemptions or deferrals to minimize tax obligations.
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