New Jersey lousy place to retire, study finds
New Jersey’s high taxes, cost of living and overall malaise are coming back to bite it among retirees, according to a survey released last week. • The Garden State ranks as the sixth-worst state to retire, Bankrate.com found. And it could have been worse if the personal finance website graded the states using only pocketbook issues.
“If it wasn’t for the family, I wouldn’t be here because the taxes are too high,” said Peggy Brocco, 68, of Manchester. “I’m in a senior development, and I pay $8,200 in (property) taxes.” (Diamond/Courier Post)
