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Is New Jersey the perfect place for you to enjoy your retirement?

What are the pros and cons of retiring in New Jersey?

“Retirement” has been a big topic lately and we’ve had to explore different aspects when it comes to making the most of your “golden years.” Let’s face it: you’ve hopefully spent your entire adult life working and saving so that you can spend your free time as a senior in a comfortable, safe, and joyful way. It’s terrible to think about difficult seniors who can’t easily relax after spending most of their lives walking and working.

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One thing everyone should remember: Whether you start your first full-time job at age 21 or have been at work for 40 years, retirement is fast approaching, and no one plans for you to have a “good” life. have life. Retirement. It’s your job to prepare so you’re ready, and you’re probably late to the show if you start planning for retirement at 50+.

Recently, RightLivin published an article titled “Which of the Fifty States is Ideal for Retirement?” The pros and cons of each U.S. state when it comes to retirement were examined. New Jersey, loudly RightLivinhas a combination of pros and cons when it comes to retirement.

“If you’ve ever been to New Jersey, you probably know that it’s a popular place to retire. It has something for everyone, and if it doesn’t, you can bet it’s New York City.” Just a train ride away, the state has around 9.3 million residents, of which 1.6 million are 65 or older.

Additionally, the article cited these disadvantages when looking at retiring in the Garden State. “Sales tax in New Jersey is 6.625%, which isn’t bad. However, the cost of living in New Jersey is quite high, as are healthcare costs, which can put a damper on many people’s plans to retire to the Garden State.”

LOOK: Here are 25 ways you can save money today

These money-saving tips — from finding discounts to making simple changes to your daily habits — can be useful whether you have a specific savings goal, are investing cash for retirement, or just want to withdraw a few pennies. It’s never too late to be financially smarter. Read on to learn more about how you can start saving now. (Out of: 25 Ways You Can Save Money Today)

Photo credit: Bethany Adams

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