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re: This Houston couple has $2.6 million and no idea where to retire

Posted on 5/15/21 at 6:49 pm to
Posted by SirWinston
PNW
Member since Jul 2014
86954 posts
Posted on 5/15/21 at 6:49 pm to
NW Arkansas
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4909 posts
Posted on 5/15/21 at 7:44 pm to
quote:

Is Florida the right answer here? Or maybe Savannah, Georgia?


Right answer is Fairhope, AL. Lowest property taxes of anywhere and beautiful scenery and town.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 5/15/21 at 7:51 pm to
if you are smart it wont be anywhere near america and it will be somewhere you have rights that are protected
Posted by tigahbruh
Louisiana
Member since Jun 2014
2858 posts
Posted on 5/15/21 at 7:54 pm to
Lacombe, of course.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13755 posts
Posted on 5/15/21 at 7:55 pm to
Asheville, NC
Greenville, SC
Fayetteville, AR

Honestly, just outside of Knoxville would make the most sense. No state income taxes, close to mountains/large college activities
Posted by Yeti_Chaser
Member since Nov 2017
8172 posts
Posted on 5/15/21 at 9:33 pm to
Hood River
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2244 posts
Posted on 5/16/21 at 1:08 am to
I sure hope $2.6m plus home equity and $46k pension is enough to retire.

I plan to retire soon at 45 w same balance, no home equity, and $70k pension. We still have 2 kids in elementary school. Main things that worry me are the out of control housing market and inflation.

Aiming to relocate between St Aug and Jax, FL. We are eager to settle somewhere and establish roots after 20+ years moving frequently in military.
This post was edited on 5/16/21 at 1:25 am
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
85495 posts
Posted on 5/16/21 at 1:23 am to
Flora-Bama
Posted by MrFreakinMiyagi
Reseda
Member since Feb 2007
19020 posts
Posted on 5/16/21 at 1:29 am to
Panama
Posted by Knight of Old
New Hampshire
Member since Jul 2007
11452 posts
Posted on 5/16/21 at 5:55 am to
Ferguson, MO...
Posted by lshuge
Member since Sep 2017
822 posts
Posted on 5/16/21 at 6:23 am to
quote:

We will have about $46,000 in pension income as well as access to retiree medical insurance.


You must have worked in a government job.
Posted by SlidellCajun
Slidell la
Member since May 2019
11776 posts
Posted on 5/16/21 at 6:26 am to
quote:

We expect to spend around $600,000 on a home wherever we end up.


With one of the criteria being good scenery, the house budget might put a damper on what you can get. Typically the better the view, the higher the price.
Do you like to look at water, mountains, forest or other natural beauty or maybe more man made scenery like a city skyline?

Posted by member12
Bob's Country Bunker
Member since May 2008
32246 posts
Posted on 5/16/21 at 8:24 am to
Louisiana taxes retirement income.

So I would go with Mississippi. Maybe the gulf coast somewhere, but not on the beach with their budget.

I’m sure there is a golf community for old folks around there that is really nice. If not, Florida is usually a good option for retired people.
This post was edited on 5/16/21 at 8:25 am
Posted by Trevaylin
south texas
Member since Feb 2019
6569 posts
Posted on 5/16/21 at 9:33 am to
Trelingua
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