Why has New Jersey Become a Desirable State to Retire In?
New Jersey has become an increasingly desirable state to retire for several reasons:
- No state tax on social security benefits
- No inheritance or estate tax for most beneficiaries, following recent tax reforms
- Most retirees can exclude up to $100,000 of retirement income (Social Security, pensions, IRAs, 401(k)s) from state income tax if their total income is below a certain threshold
- Property tax relief programs like the Senior Freeze and ANCHOR rebate help make high property taxes more manageable for retirees
Residents of The Evergreens in New Jersey choose this continuing care retirement community for its resort-like lifestyle and access to a full continuum of care – independent, assisted living, skilled nursing and rehabilitation – at one predictable price. Many live in New Jersey to be closer to their children and grandchildren.
Another benefit is easy access to metro areas like New York City and Philadelphia for culture and entertainment.
New Jersey is also home to some of the top-ranked hospitals and healthcare systems in the country. Having a network of specialists within driving distance is a huge plus for older adults. Residents who live in a continuing care retirement community like The Evergreens have the extra advantage of having a full-time nurse practitioner on campus, along with a full rehabilitation team. If they get sick or injured, they don’t even have to get into a car. Care is available right on campus. This is a particularly great benefit for anyone who can live independently but has a spouse with higher health needs.
If you’re interested in looking at The Evergreens, in Moorestown, NJ, schedule a tour and you can meet residents for a first-hand look at what it’s like to retire there.