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Map of Right to Work states vs forced unionism states.

Map of Right to Work states vs forced unionism states.

You may want to consider Barron’s state rankings when choosing a state for retirement. At some point the bill will come due for the bad actor states. Is your state a right-to-work state—you can’t be forced to join a union as a condition of employment? The National Right to Work Committee’s Stan Greer on Barron’s rankings:

The table shows that the eight states with the highest share of combined debt and unfunded pension liabilities as a share of GDP are, starting with the worst of all, Connecticut, Illinois, Hawaii, Alaska, Massachusetts, West Virginia, New Jersey and Kentucky.  Not one of these states has a Right to Work law.  Among the 20 bottom-ranking states, 17 lack Right to Work laws.

In contrast, every single one of the 16 states that are least encumbered by debt and unfunded pension liabilities has a Right to Work law on the books.  Starting with the most fiscally sound of all, they are:  Nebraska, Iowa, South Dakota, North Carolina, Nevada, Idaho, Kansas, North Dakota, Florida, Arizona, Wyoming, Michigan, Georgia, Utah, Alabama and Tennessee.

munis on the mend

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.