Editors note :lets see if begging people to stay works
April 16, 2017 at 3:00 AM
New Jersey has a reputation as a lousy place to retire. That’s unfortunate.
First of all, one of the things the state does best is manufacture well-heeled retirees (think former teachers, cops, firefighters and other public employees). It would be nice to see more of that public pension money stay in the state that gave it to these folks. Instead, New Jersey exports many of these retirees and their money to states like Florida and South Carolina, where the weather and fishing are better and the politicians not quite as rapacious.
And, of course, it would be nice to import more retired people from other states. Retirees can be a valuable economic resource (even if you’d rather not get stuck behind one on the Turnpike). The state could point out that Social Security is not taxed in New Jersey, that the fishing can be better than you’d expect and that there are lots of golf courses. A retiree could do worse. (Maybe that’s what the state’s slogan should be: “New Jersey: You could do worse.”)
In fact, according to the most recent ranking by Bankrate.com, 12 states — Indiana, Maryland, Mississippi, California, Oklahoma, Nevada, Kentucky, Louisiana, New Mexico, Arkansas, West Virginia and Alaska — are actually worse places to retire than New Jersey.