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The minimum savings needed to retire at 65 in every U.S. stateit's over $2 million in Hawaii

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In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.
In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.

The minimum savings needed to retire at 65 in every U.S. stateit's over $2 million in Hawaii

**Retirement Savings Target Varies Widely Across U.S., Driven by Housing Costs**

The financial landscape of retirement planning is far from uniform across the United States, with the necessary savings to comfortably retire at age 65 exhibiting a dramatic range from state to state. A recent analysis reveals a nearly $1.5 million chasm between the most and least expensive states for retirement, underscoring the significant impact of geographical location on long-term financial security. This disparity is primarily fueled by the fluctuating costs of housing, a cornerstone of retirement expenses.

While individual circumstances such as lifestyle preferences, healthcare needs, and anticipated investment returns undoubtedly play a role in determining retirement savings goals, the stark differences in housing costs across the nation present a formidable challenge for those planning their financial futures. States with high property values and rental rates necessitate a significantly larger nest egg to maintain a comparable standard of living in retirement.

The study highlights the critical importance of factoring in location-specific expenses when formulating a retirement savings strategy. A one-size-fits-all approach can be detrimental, potentially leaving retirees in high-cost areas facing financial strain, or conversely, causing individuals in lower-cost areas to over-save unnecessarily. Financial advisors emphasize the need for personalized retirement plans that account for the unique economic realities of each state.

Beyond housing, other factors contributing to the variability in retirement costs include state income taxes, property taxes, and the overall cost of living, encompassing expenses such as food, transportation, and healthcare. States with lower tax burdens and a more affordable cost of living generally require less savings to achieve a comfortable retirement. Access to affordable healthcare options and efficient public transportation can also significantly impact retirement expenses, particularly for individuals on fixed incomes.

The findings of this analysis serve as a crucial reminder that retirement planning is not solely about accumulating a specific dollar amount. It requires a comprehensive understanding of the local economic environment and a realistic assessment of future expenses. Individuals approaching retirement should carefully evaluate their housing options, considering the potential benefits of downsizing, relocating to a more affordable area, or exploring alternative housing arrangements.

Furthermore, the study underscores the importance of early and consistent savings. Starting to save early, even with modest contributions, can leverage the power of compounding interest to build a substantial retirement fund over time. Utilizing tax-advantaged retirement accounts, such as 401(k)s and IRAs, can also help maximize savings potential and reduce the overall tax burden.

As individuals navigate the complexities of retirement planning, seeking professional financial advice is highly recommended. A qualified financial advisor can provide personalized guidance, helping individuals assess their financial situation, develop a realistic retirement plan, and make informed decisions about investments and asset allocation. They can also help navigate the intricacies of Social Security benefits, Medicare coverage, and other retirement-related programs.

In conclusion, the significant variation in retirement savings targets across U.S. states underscores the need for a personalized and geographically informed approach to retirement planning. By carefully considering housing costs, tax implications, and other location-specific expenses, individuals can develop a realistic savings strategy that aligns with their financial goals and ensures a comfortable and secure retirement, regardless of where they choose to spend their golden years.

This article was created based on information from various sources and rewritten for clarity and originality.

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