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

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Message 81 of 321

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 82 of 321

@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 83 of 321

@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 84 of 321

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 85 of 321

@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 86 of 321
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 87 of 321

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 88 of 321

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 89 of 321

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

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Message 90 of 321

I want to move to Arizona from Illinois when I retire in less than 2 years...I am moving because they have a lot of sun and warm weather...I'm tired of the cold...

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