A new survey ranks New Jersey as the worst state in America to retire in.
Thanks to sky-high taxes and a high cost of living, the Garden State ranks last in affordability, according to the WalletHub report.
But what if your family and friends are here and you just don’t want to pick up and go someplace cheaper? According to Ken Kamen, the president of Mercadien Asset Management, if you’re still considering spending your “golden years” in Jersey there are some important steps to consider.
“The type of thing that retirees or pre-retires can start looking at is where they live. Are they living in a very expensive school district? Maybe they move three towns over and they could start saving money on real estate taxes,” he said.