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This NJ county is ranked best for retirement saving

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Saving for retirement is good, but saving for retirement in Hudson County? In the Garden State it’s the best.

That’s according to SmartAsset, which ranked Hudson first in their look at the best places to save for retirement in New Jersey.

The financial technology company created the rankings by evaluating the size of and purchasing power of take-home pay; unemployment and income growth to determine paycheck “friendliness”; performance of 401 (k)s and pensions; local economic conditions; and access to financial advisory services.

Interestingly, Hudson’s Financial Advisory Density Index dwarfed the remaining counties also listed in the top 10, scoring 10.68 percent. Mercer boasted the next highest score: 1.44 percent.

Following Hudson on the list, in ranked order, were: Morris, Hunterdon, Somerset, Sussex, Monmouth, Bergen, Burlington, Mercer and Gloucester.

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Jessica Perry

Jessica Perry

Jessica is the Web Editor for NJBIZ. You can reach her at jperry@njbiz.com.

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