file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, with more than 3 in 10 Americans feeling anxious about retirement, the personal-finance website WalletHub today released its report on 2024’s Best & Worst States to Retire, as well as its 2024 Retirement Savings Survey.
To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 46 key metrics. Our analysis examines affordability, health-related factors and overall quality of life. Below, you can see highlights from the two reports, along with expert commentary.
Retiring in New Jersey (1=Best; 25=Avg.):
- Overall Rank for New Jersey: 49th
- 37th – Adjusted Cost of Living
- 31st – Annual Cost of In-Home Services
- 42nd – WalletHub ‘Taxpayer’ Ranking
- 34th – Elderly-Friendly Labor Market
- 30th – % of Population Aged 65 & Older
- 45th – Health-Care Facilities per Capita
For the full report, please visit:
https://wallethub.com/edu/
Retirement Savings Survey
- Americans worry about retirement. More than 3 in 10 people feel anxious when thinking about retirement.
- Too many people lack a plan. More than 1 in 3 Americans don’t have a retirement plan.
- Nearly half the nation lacks confidence. 46% of Americans are not confident they will have enough money to retire.
- Many people may never retire. 39% of people say they expect to work until they die.
- Debt takes precedence. More than 3 in 5 Americans think paying off debt is more important than making retirement contributions.
- Many people are obsessed with retirement. 31% of people think about retirement all the time.
For the full survey, please visit:
https://wallethub.com/blog/
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Its not a good place to die in.
Inheritance/estate taxes are massive unless you pass along the $$ to a spouse or children.
So you cant leave $$$ to a ‘partner’, friend, neice or nephew without getting dinged 17% of the estate
People without children really get screwed here. Not only do we subsidize your childrens school taxes, but when they put us in the ground they want 17 percent of the estate value.
Just another reason to ‘exile’ to Florida for 181 days a year so NJ doesn’t pick your pocket when they put you in the ground.
They make a big deal about the estate tax that affects very few, but they don’t mention the inheritance tax which eats up a lot of the estate if things are not planned properly.
it effects every homeowner in Bergen County
NJ number one worst state to live in..
Fixed it for ya
The state is OWNED by the democrats
And the results are we are going in the shitter
This is due to the elected officials and those they appoint.
My recent MVC letter shows the top 3 in charge.
Gov. Beaver teeth, “Tahesha’, and “Latrecia”
Thats all you need to know.
Yup, really sad. Not just MVC, everywhere.
Racist
hey ftard,,, im for competence over color.
go to a DEI doctor next time your sick