New Jersey is the worst state to retire in
I don’t think anyone is really surprised that we’ve once again reached number one for the worst of something in the country. New Jersey is considered the worst state to retire in.
With the high cost of living and ridiculously high taxes, it’s no surprise that we rank as the worst state to retire in.
New Jersey has generous pensions and benefits for those who work in the public service. While it’s hard to say how many of these people retire and flee to another state, it’s the smartest thing to do. This may not seem fair to those of us in the private sector who pay the freight, but most of you would if you could.
Yes, your NJ state pension checks follow you wherever you go.
What scares these people is that the pension fund and all of its debt is getting to frightening levels. Whether you have a nice pension or not, this state does not facilitate the stay once you reach the golden age.
The good news is that if you want to stay close to your family and grandkids, our neighbor to the south ranks as the fourth best state to retire in.
So if you can find a comfortable place in Delaware that’s not too far from your family and not too boring and desolate, you’re in luck. Delaware has no sales tax and its income tax is only 2.2% depending on income levels.
Hey, if it’s good enough for Joe Biden to go there every weekend, then it should be good enough for us!
The views expressed in the above post are those of New Jersey 101.5 talk show host Dennis Malloy only.
You can now listen to Dennis & Judi — On demand! Listen to New Jersey’s favorite Best Friends anytime, anywhere, and any day of the week. Download the Dennis & Judi show wherever you get podcasts, on our free app, or listen now: