Saving enough for a comfortable retirement can be a tough needle to thread, especially in light of increased household spending. A new report from J.P. Morgan Asset Management reveals recent retirees are spending more than they have in the past, while simultaneously keeping assets in their workplace retirement plans for longer periods to generate income. With more and more plan participants spending more than they've put in, many are on track to outlive their savings. On top of these trends, geography plays a major part in financial health, with housing prices and cost of living figuring into long-term financial goal setting. Personal finance site MagnifyMoney's index of states in which adults 65 and older are best and worst positioned to retire compiles data from the U.S. Census Bureau's 2019 1-Year American Community Survey, factoring in poverty rates, homeownership and retirement incomes for all 50 states and the District of Columbia. For households in the Northeast, the report's numbers are grim. Connecticut, New York, Massachusetts, Rhode Island and New Jersey have all fallen into the bottom 10, while the top five states, from first to fifth, respectively, are Utah, West Virginia, Wyoming, Iowa and Idaho. According to the data, 8.9% of older adults in the country are living below the poverty line, with poverty rates exceeding the average in 19 states and the District of Columbia. New Mexico's poverty rate came in worst of all at 13.5%. But no matter where you live, retirement planning requires careful examination of your assets and options. "You might have to refigure what retirement looks like for you," MagnifyMoney senior content director Ismat Mangla said. "For example, maybe you continue working in a part-time or different capacity, or perhaps you find ways to cut expenses significantly, like through moving." Our slideshow above lists the top five best and worst states for retirees, according to MagnifyMoney's report data. To read the complete study, click here.