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The state of New York is a great place in which to live. The state has a thriving economy, great employment opportunities, high salaries, and an affordable cost of living.
Located only 90 miles from Manhattan, Ulster is the county of choice for anyone who wishes to work in New York City. The short distance guarantees a 90-minute commute by car or by bus. Just as attractive as the short commute is the county’s culinary heritage. Because the world-famous Culinary Institute of America is just 15 minutes from Ulster, the county has many famous eateries and chefs.
Like Ulster, Nassau County in Western Long Island is situated close to New York City. Because of this proximity to the city, the majority of Nassau’s residents are well-paid professionals. As a result, the county has the highest average household income in New York State.
Suffolk County in Long Island boasts of many wealthy communities. The first of these is the famous Hamptons, East Hampton and Southampton. The second is Montauk where the wealthy fly in to spend their summers. This prestigious county has the highest property appreciation rate in the state and, interestingly enough, the best air quality.
Almost as prestigious as Suffolk County, Westchester is home to affluent professionals. The county is strategically located for two things: commuting and leisure. Its location just north of New York City makes commuting into Manhattan by the New York Metro train easy.
Retirement is one of those things that nobody seems to tell you about until it’s too late – or at least, you are unwilling to listen until the imminent importance of pension planning suddenly creeps up on you.
There is nothing more unsettling than having to worry about your financial security after you stop working and thus investing for this time can be a nerve-wracking experience.
This isn’t helped by the fact that “mainstream” investing is not really what it used to be. Savings accounts and ISAs offer meagre returns of 1-2% and managed investment funds oaround 3.5%. At the same time, stocks and shares offer little of the stability that so many crave at this time – retirement is certainly not a time for taking a punt.