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Re: Where do you want to live when you retire?

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Message 101 of 342

Hope you have LOTS of money. It's a very expensive place to live. Traffic is atrocious, people aren't friendly, and the crime rate, depending on where you are, can be quite high. Also, depending on where you live, there may not be bus service or a grocery store within miles.  Flooding is rampant in certain spots. Flood insurance is a must in pretty much any area.  Oh, and it's hot from May to November, and even when it's not, it's humid (which makes it seem even colder when it's cold).

 

We've lived here 23 years, and that's been 22 years too long.

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Re: Where do you want to live when you retire?

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Message 102 of 342

I currently live in Annandale Virginia.  In two years when I retire I'm planning to relocate to Charleston South Carolina.

 

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Tennessee

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Message 103 of 342

@dreamhomenj wrote:

Colorful_garden_1.jpg

 

 

 

 

 

 

 

 

 

 

It is reported about 10,000 baby boomers retire daily.

Some of them want stay home where they are.

Some want to move to other place to enjoy their retirement.

Do you want retire and stay where you are?

Or do you want move to a community where you can make friends and share commen interests?

 


 

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Re: Where do you want to live when you retire?

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Message 104 of 342

@bagelcrisp wrote:

Florida where it's nice and warm.


Florida is Hot and Humid during the summer and depending on where you live it can get quite cold during the winter. I am so ready for Winter.

But we do not have a State Income Tax and Senoirs get an extra deduction their property tax.

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Re: Where do you want to live when you retire?

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Message 105 of 342

Florida where it's nice and warm.

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Re: Where do you want to live when you retire?

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Message 106 of 342

@Candy3954 wrote:

Property taxes and sales tax in IL are near the highest in the nation and going up, if they’re not the highest.  I live in a starter home in an area that hasn’t recovered as well economically as most others and for a small property I’m paying $5,600/year in real estate taxes.  People who live in areas that have recovered faster can pay up to $14,000 a year in real estate taxes - over a thousand dollars a month.  That’s a huge chunk of most retirees’ Budget.


That would be huge chunk of anyone regular working persons budget. Brtween that and Property Insurance it would be almost impossible to own a home.

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Re: Where do you want to live when you retire?

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Message 107 of 342
Grove city Ohio had new house built.
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Re: Where do you want to live when you retire?

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Message 108 of 342

Property taxes and sales tax in IL are near the highest in the nation and going up, if they’re not the highest.  I live in a starter home in an area that hasn’t recovered as well economically as most others and for a small property I’m paying $5,600/year in real estate taxes.  People who live in areas that have recovered faster can pay up to $14,000 a year in real estate taxes - over a thousand dollars a month.  That’s a huge chunk of most retirees’ Budget.

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Re: Where do you want to live when you retire?

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Message 109 of 342

Do you have any idea where in Arizona?  I live in the Southern area (think Tombstone). the Northern area is beautiful too, cooler climates, snow, more evergreen.  Phoenix (central) can be unbearbly hot in summer.  Ive been here since 2008 this time but lived here (military) 3 other times in my life.  I'm in same situation like you under 2 years.  Originally from Indiana, I'm heading to Tennessee for cooler temps, like you are for hotter temps.

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Re: Where do you want to live when you retire?

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Message 110 of 342

I'm confused about your Taxes everything statement.  The information I received does speak about sales tax Thats the consumables you mention(most states do)  Where I am in Arizona, its 9%. Property tax too but here too.  

But wjhen I see:

No State tax

IRAs, 401a, private and public pension Not taxed

Tennessee gives tax break on property tax for 65, disabled, veterans (me). 

 

If you are only talking sales tax.....I can accept that

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