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Old 01-04-2018, 07:37 AM
 
Location: Bristol, CT
143 posts, read 106,857 times
Reputation: 78

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Quote:
Originally Posted by Dolce_00 View Post
Connecticut is currently in 4th place in terns of states losing people. #1 is Illinois, #2 is New Jersey #3 is New York. Well done tri-state area!!

Top 10 States GAINING people

1. Vermont (must be where all the CT and MA refugees are going??)
2. Oregon (No Sales Tax)
3. Idaho (Low taxes)
4. Nevada (No income tax)
5. South Dakota (No income tax)
6. Washington (No Income tax)
7. South Carolina (Cheapest gas taxes in the country and low income tax)
8. North Carolina (very low taxes generally)
9. Colorado (Probably the weed, lol, but also fairly low taxes baked into the state constitution)
10. Alabama (This one I really can't explain)

Study: New Yorkers continue to flee state in large numbers | syracuse.com
Maybe a different story this year due to influx of people moving in from Puerto Rico.

 
Old 01-04-2018, 10:58 AM
 
413 posts, read 317,567 times
Reputation: 368
From HBJ. Survey: CT's wealthier residents eye state exit when they retire | HartfordBusiness.com

Forty-one percent of 1,055 high-income Connecticut residents polled in a new financial planning survey say they do not plan to live in the state once they retire.

Wealthy people and jobs headed for the border. ITTS. Tax and spend liberal policies are taking a huge toll.
 
Old 01-04-2018, 11:46 AM
 
Location: Connecticut
5,104 posts, read 4,834,850 times
Reputation: 3636
Quote:
Originally Posted by beerbeer View Post
From HBJ. Survey: CT's wealthier residents eye state exit when they retire | HartfordBusiness.com

Forty-one percent of 1,055 high-income Connecticut residents polled in a new financial planning survey say they do not plan to live in the state once they retire.

Wealthy people and jobs headed for the border. ITTS. Tax and spend liberal policies are taking a huge toll.
Yet not a single word about weather, and they managed to sneak in the "Social Security won't be there" for me when I retire. All this from a financial planning survey that was conducted by a "financial planning firm" I don't suppose they are trying to sell something ?

Well done.

 
Old 01-04-2018, 12:34 PM
 
Location: Connecticut
34,936 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by MrGompers View Post
Yet not a single word about weather, and they managed to sneak in the "Social Security won't be there" for me when I retire. All this from a financial planning survey that was conducted by a "financial planning firm" I don't suppose they are trying to sell something ?

Well done.
You do have to wonder about that. I would guess that this is not really that different than the results would have been a generation ago, only now it is big news and cause for worry and outrage. Jay
 
Old 01-04-2018, 12:38 PM
 
24,559 posts, read 18,259,472 times
Reputation: 40260
Quote:
Originally Posted by MrGompers View Post
Yet not a single word about weather, and they managed to sneak in the "Social Security won't be there" for me when I retire. All this from a financial planning survey that was conducted by a "financial planning firm" I don't suppose they are trying to sell something ?

Well done.
Indeed. They're also defining "wealthier" as $250K in assets other than a primary residence. For retirement planning, $250K is cardboard box under the railroad bridge eating dog kibble if there's no Social Security. Gotta love retail financial services. You need to buy my 5% load 3% per year management fee funds. Trust me. I'm an expert.
 
Old 01-04-2018, 02:08 PM
 
Location: Connecticut
34,936 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by GeoffD View Post
Indeed. They're also defining "wealthier" as $250K in assets other than a primary residence. For retirement planning, $250K is cardboard box under the railroad bridge eating dog kibble if there's no Social Security. Gotta love retail financial services. You need to buy my 5% load 3% per year management fee funds. Trust me. I'm an expert.
LOL. That is so true. $250,000 without Social Security won't get you far when retired. Maybe if the "wealthier" they surveyed are younger than 40 it might not be a problem but if a person is in their late 50's or early 60's and that is all they have, they really will be struggling when retired. Jay
 
Old 01-04-2018, 02:18 PM
 
1,929 posts, read 2,040,154 times
Reputation: 1842
Quote:
Originally Posted by GeoffD View Post
Indeed. They're also defining "wealthier" as $250K in assets other than a primary residence. For retirement planning, $250K is cardboard box under the railroad bridge eating dog kibble if there's no Social Security. Gotta love retail financial services. You need to buy my 5% load 3% per year management fee funds. Trust me. I'm an expert.
Lol. And sadly paying a FA costs them more than CT income tax would. Ridiculous study.
 
Old 01-04-2018, 03:01 PM
 
34,054 posts, read 17,071,203 times
Reputation: 17212
Quote:
Originally Posted by JayCT View Post
You do have to wonder about that. I would guess that this is not really that different than the results would have been a generation ago, only now it is big news and cause for worry and outrage. Jay
It should be cause for concern now. 30 years ago, our economy was generally at least as good at job growth (%) as the nations, and our cost of government was far smaller then, even adjusted for inflation.

We are not an extremely maxed out state economically, that can't afford more hits. 30 years ago, we withstood hits well.

Plus retirement planning is far more mainstream. People do move. NJ after raising top tax brackets lost a giant chunk of them.
 
Old 01-05-2018, 12:41 PM
 
413 posts, read 317,567 times
Reputation: 368
CEO of the The Hartford. Must read. Connecticut voters must come out of denial.

https://www.cbia.com/news/economy/ch...onomic-summit/
 
Old 01-05-2018, 12:53 PM
 
Location: Northeast states
14,055 posts, read 13,937,277 times
Reputation: 5198
Quote:
Originally Posted by beerbeer View Post
CEO of the The Hartford. Must read. Connecticut voters must come out of denial.

https://www.cbia.com/news/economy/ch...onomic-summit/
2018 and 2019 is very important year for Connecticut
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