Is New Jersey The Perfect Place For You To Enjoy Your Retirement?

What's The Pros and Cons For Retiring In New Jersey

Lately, a big topic has been "retirement" and we have had several different angles to examine when it comes to making the best of your "golden years". Let's face it, you have spent all of your adult life, hopefully, working and saving to be able to spend your downtime as a senior in a comfortable, safe, and joyful way. It's horrible to think of struggling seniors who can't simply relax after spending the majority of their lives running and working.

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One thing that everyone should remember is that whether you are 21 and starting your first full-time job or have been at the job for 40 years, retirement creeps up on you quickly, and no one is planning for you to have a "good" retirement. It's your job to prepare so you are ready, and you are probably late to the show if you start planning for retirement when you are 50+.

Recently RightLivin published an article "Which of the Fifty States Is Ideal for Retirement". It examined the pros and cons of each state in America when it comes to retirement. New Jersey, according to RightLivin, has a combination of pros and cons in regards to retirement.

"If you've ever been to New Jersey, then you probably know that it's a popular retirement spot. It has a little something to offer for everybody, and if it doesn't have it, you can bet New York City, which is just a train ride away, does. The state has around 9.3 million residents, with 1.6 million being 65 or older."

In addition, the article cited these cons when you look at retiring in the Garden State. "Sales tax is 6.625% in New Jersey, which isn't too bad. However, the cost of living is pretty high in New Jersey, as are the healthcare costs, which can throw a wrench in many people's plans to retire to the Garden State."