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6 Reasons You Need at Least $665K (Plus Social Security) To Retire in Pennsylvania

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6 Reasons You Need at Least 5K (Plus Social Security) To Retire in Pennsylvania


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Where you choose to live is the single biggest factor in how much money you can expect to spend on housing, utilities, groceries, healthcare, transportation and other common budget items. This is true whether you are working or retired.

Learn More: 8 States To Move to If You Don’t Want To Pay Taxes on Social Security

For You: The Surprising Way You Can Get Guaranteed Retirement Income for Life

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In retirement, however, location takes on even greater importance because most retirees live on a fixed income that’s no longer bolstered by work raises or bonuses. If you choose to retire in Pennsylvania, you can expect to spend near the national average on living costs.

Pennsylvania landed right in the middle of the pack nationally — No. 25 out of 50 states — in a cost of living study conducted by GOBankingRates. The study determined the annual expenditure cost for a retired person in each state by analyzing data from the U.S. Bureau of Labor Statistics and the Missouri Economic Research and Information Center.

According to the GBR study, you need a minimum of $664,894 — including Social Security benefits — to retire comfortably in Pennsylvania for 20 years. That’s below the national average of $725,025, though the average skews much higher due to extremely high costs in states like Hawaii, Massachusetts, California, New York and Alaska. Retirees in Pennsylvania need at least $831,118 for 25 years of retirement and just less than $1 million for 30 years of retirement.

Because Pennsylvania landed in the middle, its retirement costs can serve as a median for the entire country. In some spending categories, its costs are higher than average, while in others, its costs are lower.

According to the Missouri Economic Research and Information Center’s data series, the Keystone State had a cost of living index score of 94.8 as of the 2023 third quarter. That number rose slightly to 95.6 during the 2024 first quarter. Any score below 100 indicates that living costs are lower than the national average, while any score above 100 means living costs are higher than average.

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If you are considering retiring in Pennsylvania, here are six reasons you’ll need a minimum of $665,000 to retire there for 20 years.

  1. Overall living costs: You can expect to spend $54,811.46 a year on overall cost of living expenditures in Pennsylvania, which is below the national average of $57,818. When you back out Social Security income, the average total expenses in Pennsylvania are $33,244.70. You’ll need to cover these costs with retirement savings or side gigs.

  2. Housing costs: Pennsylvania has a housing cost of living index score of 82.1, meaning you’ll spend much less on rent or home purchases here than in much of the country. Its annual cost of housing averages $9,559.13 vs. the U.S. average of $11,692.

  3. Utilities cost: This is one of the categories where you can expect to spend more than the national average if you retire in Pennsylvania, partly because of its cold winters. The Keystone State has a utility index score of 106.6 and an average utility cost of $4,515.58 per year versus the national average of $4,236.

  4. Grocery cost: By retiring in Pennsylvania, you can expect to spend a little less than average on groceries. Its yearly cost of groceries averages $4,715.45 compared with the national average of $4,797.

  5. Healthcare costs: Healthcare expenses are a major budget item in retirement, and you’ll likely save money by retiring in Pennsylvania. The Keystone State’s healthcare index score is 92.3, with average annual expenditures of $6,959.42. That’s nearly $600 less than the national average of $7,540.

  6. Transportation costs: The cost of getting around in Pennsylvania is slightly higher than the national average, with an index score of 104.1. Its average annual cost of transportation is $5,145.66 vs. the national average of $4,943.

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This article originally appeared on GOBankingRates.com: 6 Reasons You Need at Least $665K (Plus Social Security) To Retire in Pennsylvania



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Pennsylvania

‘Melania thought the worst had happened’: Donald Trump on Pennsylvania shooting; vows to hold more outdoor rallies | Today News

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‘Melania thought the worst had happened’: Donald Trump on Pennsylvania shooting; vows to hold more outdoor rallies | Today News


Donald Trump, the Republican Presidential candidate and former US President, on Monday revealed that his wife, Melania, was “watching live” coverage when multiple shots were fired at his election rally in Pennsylvania earlier this month.

Melania was watching the rally on television and thought, “the worst had happened,” Donald Trump said in an interview with Fox News host Laura Ingraham aired on Monday night. 

“She was watching live,” he added. Donald Trump said that his wife “can’t really even talk about it, which is OK,” and “that means she likes me.”

Donald Trump highlighted his wife’s immediate reaction, “When I went down, she thought the worst had happened,” suggesting his hand covered in blood as the reason for her reaction.

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“Yeah, I’m going to do rallies [outside],” Donald Trump said. Despite surviving an assassination attempt, the former US President is adamant about holding outdoor election rallies in the future.

The Secret Service has been criticised for failing to guard the roof of a manufacturing plant from which the gunman, Thomas Matthew Crooks, took aim at the US Presidential candidate. The assailant stationed on the roof of the building that was over 130 yards away fired shots, one of which grazed Donald Trump’s right ear. 

Days following Donald Trump’s attempted assassination attempt, Secret Service Director Kimberly Cheatle tendered her resignation.

Following the incident, Donald Trump charged at the Secret Service and alleged, “There should have been communication with the local police, which there wasn’t.” He added, “So that’s a bad thing, and they were seeing this guy – it was a very disturbed person, and they were seeing him around.”

The Secret Service has reportedly urged Trump’s campaign team to refrain from holding any more outdoor events amid security concerns.

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Following the shooting at Butler Fair Show grounds, Pennsylvania, on July 13, all of the former US President’s campaign events have taken place indoors.



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Kamala Harris’ fracking ban comes under fire in Pennsylvania as veep tries to reverse course: ‘Out of step’

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Kamala Harris’ fracking ban comes under fire in Pennsylvania as veep tries to reverse course: ‘Out of step’


BETHLEHEM, Pa. — Vice President Kamala Harris’ inconsistent position on a hydraulic fracking ban is threatening to undermine her electability in oil-rich Pennsylvania.

“There’s no question I’m in favor of banning fracking,” the then-presidential candidate told a climate activist at a CNN town hall in 2019.

Senate candidate Dave McCormick and other Pennsylvania Republicans have been quick to highlight what such a ban would mean for the Keystone State as Harris attempts to change course on the issue.

Vice President Kamala Harris’ inconsistent position on a hydraulic fracking ban is threatening to undermine her electability in oil-rich Pennsylvania. AP

“The Biden-Harris-[Sen. Bob] Casey energy agenda has essentially been to stop fossil fuels, and transition from lithium batteries and solar panels from China,” McCormick said on “Fox and Friends” Friday, adding: “It truly is out of step [with] where most Pennsylvanians are.”

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A McCormick campaign ad released last week featured similar attacks on Harris’ energy record, including her support for the Green New Deal — a series of progressive policy initiatives designed to phase out fossil fuels in America.

Donald Trump Jr. and Ric Grenell are among other high-profile Republicans slamming Harris on X last week for her position on fracking.

“Kamala Harris is even more extreme than Joe Biden – She wants to ban fracking and kill countless jobs in states like PA for American workers,” Trump Jr. wrote.

“Dear Pennsylvania… take it from this Californian, don’t let Kamala Harris anywhere near your energy sources,” wrote former Director of National Intelligence Grenell.

Donald Trump Jr. and Ric Grenell are among high-profile Republicans slamming Harris. AFP via Getty Images

Perhaps such attacks are driving the Harris campaign’s recent shift on the issue?

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As of this weekend, Harris’ campaign claims she no longer supports a fracking ban, with a Harris campaign spokesperson telling The Hill that Donald Trump’s energy policies would “enrich oil and gas executives at the expense of the middle class.”

Trump had criticized Harris’ support for a fracking ban at his North Carolina rally last Wednesday.

Trump had criticized Harris’ support for a fracking ban at his North Carolina rally last Wednesday. AP

Back on the left, Pennsylvania Democrat Conor Lamb — a once-promising young congressman who lost to John Fetterman in the 2022 Senate primary — praised the Harris’ pivot.

“A good leader learns in public and isn’t afraid to admit when they change their mind,” Lamb tweeted Monday morning.

With Trump set to rally in Pennsylvania’s capital this Wednesday, the former prez is likely to push the issue.

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Recent polls show Harris gaining on Trump nationally when compared to outgoing President Joe Biden, though Trump maintains a narrow lead across most swing states.





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Pa. court tells governor’s office to reveal more details about why it hired private law firms

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Pa. court tells governor’s office to reveal more details about why it hired private law firms


The case has a long and complicated history.

Spotlight PA and LNP first submitted a request for legal records in January 2022, when Wolf was governor. The request was filed with the Office of General Counsel, which often handles legal matters specific to the governor’s office and state agencies. The news organizations asked for invoices and other financial documents for spending on outside law firms from 2019 through 2021.

In response, the general counsel’s office provided copies of 45 invoices submitted by six outside firms that totaled $367,538.

But in every invoice, officials redacted the subject line, making it impossible to understand why they were spending taxpayer money. They also blacked out portions of the invoices describing the work conducted by the private lawyers.

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In hiding those critical details, the general counsel’s office argued the information was exempt from disclosure due to, among other things, attorney-client privilege. During oral argument before Commonwealth Court last September, the office also asserted that two of the legal invoices sought by the news organizations included details that would “reveal the institution, progress, or result of investigations.”

One of its lawyers also suggested the two invoices were “protected by an order of the court,” according to the ruling, and urged Commonwealth Court to review them privately.

Leadbetter said the court had done so, and concluded the redacted information did not meet the threshold of revealing the progress or result of an investigation. She also noted that there was no evidence of a court order prohibiting its release.

The senior judge also revealed details about the subject lines in the two invoices. One law firm represented witnesses in two separate grand jury investigations — one run by the state, the other by the U.S. Attorney’s office in Pennsylvania’s Middle District — as well as an investigation by the State Ethics Commission.

The ruling does not provide any further detail.

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Leadbetter directed that those subject lines be unredacted. She also directed the Office of Open Records, which had previously sided with the Office of General Counsel in the case, to review in private all remaining subject lines that the administration redacted to determine whether those too have to be disclosed.

Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds the powerful to account and drives positive change in Pennsylvania.



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