Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

The post Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year appeared first on 24/7 Wall St.. Two nearly identical retiree couples living 10 miles apart lose about $10,000 annually purely due to state and local taxes. New Jersey's higher property and income taxes compound into $138,000 to $410,000 in lost wealth over 10 to 20 years. Most retirees stay put anyway because spreadsheets miss grandchildren, doctors, and…