Your Survival Guy

Preparing your investments and family for when disaster strikes.

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This is What Happens When You Ignore Retirees

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Three states are feeling the full backlash from retirees and other residents who have had enough with high taxation and over regulation. The 2016 National Movers Study, by United Van Lines found that residents have been rapidly fleeing the big government states of New York, New Jersey and Illinois. In New York, exits outnumbered entrants by nearly 2 to 1. Illinois is having an especially hard time holding on to its higher income earners, making its attempts at confiscatory taxation even harder as its tax base flees for better treatment elsewhere.

Check out your state on the map below:
united-van-lines-moving-study-map

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You can read the entire study below:
[gview file=”https://www.richardcyoung.com/wp-content/uploads/2017/01/National-Movers-Study-Press-Release-2016-FINAL.pdf” width=”100%”]

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.