How ready are Californians for retirement? See where the state ranks

When it comes to retirement planning, California’s not exactly golden, according to a new analysis.

Western & Southern Financial Group examined retirement savings, earnings, homeownership, cost of living and quality of life in each state to determine how they stack up.

“Understanding where your state stands is a good starting point for figuring out where your own plan may need work,” the analysis said.

But “retirement readiness isn’t determined by any single factor,” it added. “Knowing where your state ranks is useful context, but your personal situation, what you’ve saved, what you owe, and what you expect to spend, matters just as much.”

Here’s what you need to know:

Where does California rank in retirement readiness?

California falls in the bottom 10 of all 50 states for financial readiness for retirement, Western & Southern Financial Group said.

The Golden State comes in at No. 41 in the report.

Compared to the rest of the United States, California ranks 5th for earnings and 6th for quality of life, but 36th for retirement savings, 46th for home ownership and 49th for cost of living.

Just 22% of California households are receiving retirement income, such as pensions, annuities or retirement account distributions, the analysis found.

And 73.4% of residents of ages 65 and up are homeowners.

What were the top states for retirement readiness?

Delaware ranked No. 1 in the United States for retirement readiness, Western & Southern Financial Group found.

Utah, Wyoming, Maryland, Virginia, Iowa, Idaho, Minnesota, Hawaii and New Hampshire rounded out the top 10.

What are the lowest-ranking states for retirement readiness?

Along with California, the other states receiving poor marks for retirement readiness include Georgia, West Virginia, Kentucky, Oklahoma, Alabama, New York, Arkansas, Mississippi and, in last place, Louisiana.