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re: OT Advice- Where to Live During Retirement?
Posted on 4/14/25 at 7:52 pm to RougeDawg
Posted on 4/14/25 at 7:52 pm to RougeDawg
I’ve always considered The Villages to be a cautionary tale of what happens to people who don’t prepare well for retirement.
For myself I looked for a place with mild summers, a walkable downtown, plenty of medical options, a nearby airport, and preferably a college town.
Posted on 4/14/25 at 7:55 pm to ratman2233
quote:
Live in Houston now. Wanna get away from property taxes. Florida has property taxes, I believe
They’re relatively low. Something like #25 in the country. Wind and flood insurance has tripled in less than a decade. I’ll probably keep a place there for income tax reasons, but I’ve long thought about leaving for good.
Posted on 4/14/25 at 7:57 pm to ratman2233
My ideal for retirement is a Midwest lake house for the summer, and a place somewhere warm and on the beach in the winter.
Plus traveling often.
Plus traveling often.
Posted on 4/14/25 at 7:57 pm to ratman2233
Vietnam
This post was edited on 4/14/25 at 7:58 pm
Posted on 4/14/25 at 7:58 pm to VABuckeye
quote:
I'm about 4 years out and have been doing a ton of reserach on it. There's a reason other than weather why so many northerners retire to the southern states.
Have you looked into Puerto Rico?
ETA. The tax advantages are something you mentioned for other locations
This post was edited on 4/15/25 at 9:03 am
Posted on 4/14/25 at 8:04 pm to ratman2233
Now that MS has no state tax.. bay st louis?
Posted on 4/14/25 at 8:31 pm to Espritdescorps
Dry Prong
If you lived there you'd be there
If you lived there you'd be there
Posted on 4/14/25 at 9:13 pm to Paul Allen
NW Arkansas has enough people.
Posted on 4/14/25 at 9:23 pm to ratman2233
Alternate between Lake Claiborne and Lake Hamilton.
Lake Hamilton at Hot Springs is really a nice retirement area. I plan on spending a lot of time there. I’ll be 62 this year.
Lake Hamilton at Hot Springs is really a nice retirement area. I plan on spending a lot of time there. I’ll be 62 this year.
Posted on 4/14/25 at 11:29 pm to Spankum
quote:
ETA: Mississippi has very low property taxes and just eliminated their state income tax.
Eliminated? What? They are phasing income tax down (not out) but it will be slow. A total of 1% reduction by 2026 and 2% total reduction by 2030 (the tax rate will be 3% in 2030). After that further reductions only occur if triggered by revenue growth or less spending.
So, the elimination of income taxes is not elimination at all. It lowered the income tax (and groceries from 7% to 5%) and raised taxes on gas 50% (from 18 cents per gallon to 27 cents per gallon).
Overall, they have low crime (except Jackson proper), low taxes, low traffic and good outdoors.
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