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Florida nest egg neglect

By HELEN HUNTLEY
Published September 7, 2006

How Florida communities' saving and investing habits stack up. The number is their ranking out of 500 communities nationwide in A.G. Edwards' Nest Egg Index.

15. Naples-Marco Island

83. Palm Coast

106. Sarasota-Bradenton

121. Punta Gorda

135. Fort Myers-Cape Coral

139. Vero Beach

185. Key West-Marathon

213. Fort Pierce-Port St. Lucie

246. Melbourne-Titusville-Palm Bay

270. The Villages

323. Fort Walton Beach-Crestview-Destin

351. Homosassa Springs

356. Jacksonville

366. Daytona Beach-Deltona-Ormond Beach

367. Orlando

379. Tampa-St. Petersburg-Clearwater

463. Ocala

470. Pensacola-Ferry Bass-Brent

471. Miami-Fort Lauderdale-Miami Beach

If your nest egg is puny, you may not be able to retire, but at least you'll have lots of company. The Tampa Bay area isn't just below average nationally, it's among the worst in the state for nurturing nest eggs. That's the verdict from brokerage firm A.G. Edwards, which released its second annual Nest Egg Index on Wednesday. The index is based on factors such as personal savings rates, household wealth, home ownership, cost of living, unemployment rate and retirement plan penetration. For more on how the states rank or to comment on the results, go to Times Personal Finance editor Helen Huntley's Money Talk blog at blogs.tampabay.com/money

Source: A.G. Edwards

[Last modified September 6, 2006, 23:15:28]