New Data On New Jersey's Best Retirement Town

I have written about retirement in the past. Each time new data comes out about retirement planning I like to update you and share the information that hopefully makes planning for retirement a bit easier.

 

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You don't have to be 65 to begin thinking about retirement, in fact, it is better to plan earlier so you are ready to retire when you approach 65. Some folks will opt to retire before 65 and some will work past 70. Whatever your plan is it is good to have a plan.

 

 

This new report from GoBankingRates.com was published by Travel + Leisure. This report on retirement is for those who have saved a very nice nest egg for their golden years. "GoBankingRates.com revealed its list of the best spots to retire for those with $2 million in their retirement accounts — and Fort Lee, New Jersey, came in at the top."

 

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Obviously, not everyone will have this type of retirement fund, but if you do then this study is for you. The town of Fort Lee was a top pick. Fort Lee "scored an 88 out of 100 on the liveability index."

 

Some key findings from the report:

  • Fort Lee has a $7,505 monthly cost of living.
  • 1 out of 4 people living in the city are 65 and up.
  • The yearly cost of living with Social Security benefits is $67,642.

 

The list of the top places to retire (2 million savings) in America included:

5. Dunedin, Florida

4. Highland Park, Illinois

3. Sunny Isles Beach, Florida

2. Rocky River, Ohio

1. Fort Lee, New Jersey

 

 

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