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Thread: Retirement by Location

  1. #1

    Default Retirement by Location

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    Disclaimer: This is not advice or a recommendation.


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  3. #2

    Default Re: Retirement by Location

    Not to be a jerk, but I think it depends almost as much where in the state you retire. I'm leaving Miami area and going to a small town in central Florida. My cost of living will be drastically lower.

    Coupled with no income tax and friendly inheritance laws, I think Florida is better than it appears.

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  5. #3

    Default Re: Retirement by Location

    https://www.kiplinger.com/tool/retir...rees/index.php

    They update it every november. states change, for i.e., Pa was tax friendly last yr, this yr is it not.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  7. #4

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,024

    Default Re: Retirement by Location

    I like the Kiplinger page because you need to look at the taxes. In Mississippi, although retirement income is not taxed, other income would still be subject to State Income Tax. Tax breaks on property taxes typically don't start until you turn 65 or are totally disabled. Texas is not friendly based on Property taxes.

    The comparison tool is pretty nice https://www.kiplinger.com/tool/retir...51-25-44-43-10

    I took Tennessee & Mississippi based on TommyIV's post. I added Florida,Texas & Wyoming with No Income Tax for comparison.

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  9. #5

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,024

    Default Re: Retirement by Location

    https://scorecard.commonwealthfund.o...kaAgrXEALw_wcB Move to Hawaii is you are looking for best State Health Care system

    Another on Taxes https://smartasset.com/retirement/retirement-taxes

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  11. #6

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,101

    Default Re: Retirement by Location

    I love the SmartAsset site. been studying it for awhile. btw, I'm back! been way tooo long. feels great.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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  13. #7

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,024

    Default Re: Retirement by Location

    Welcome Back alevin!!!!!!


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