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

New Jersey's near-4% property tax rate versus Pennsylvania's 2% costs the Ewing couple roughly $7,350 more annually on a comparable $500,000 home.

Combined state taxes, property taxes, and a 12% higher cost of living leave the New Jersey couple roughly $10,000 less in spendable income each year.

At 7% reinvested returns, that $10,000 annual gap compounds to roughly $138,000 over 10 years and $410,000 over 20 years.

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Two couples crossed the same retirement starting line. Each ended a long career, locked in a $1 million dividend portfolio, and budgeted around $60,000 a year in portfolio income. Both signed up for Medicare. Both planned to spend at roughly the same pace. The only meaningful choice they made differently was the ZIP code on their mailbox.

Couple A moved to Yardley, Pennsylvania. Couple B settled in Ewing Township, New Jersey, less than 10 miles away. They cross the river to see each other for dinner. They

Fuente original: Yahoo Finance (https://finance.yahoo.com/real-estate/articles/same-portfolio-same-retirement-10-140947188.html)