Linda Donato, Vice President of Operations for Juniper Communities, recently penned a guest op-ed in The Trentonian, a daily newspaper that reaches about 20,000 people on Saturday.
Looking to make your retirement savings last as long as possible? Just jump the border. No, not that border, the state border. Living in a high cost and high tax state like New Jersey or New York will eat through your hard-earned nest egg much faster than living in a lower cost and lower tax state like Pennsylvania, just a short drive away. And, consider ditching the property to move into a Continuing Care Retirement Community (CCRC). In fact, one news source reports that more residents left New Jersey than any other state in 2018, and more than a third were retirees. With so many deciding to jump the border, shouldn’t you at least consider doing the same?
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