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Started By
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re: The 10 most expensive U.S. states to retire in
Posted on 3/20/23 at 9:37 am to Screaming Viking
Posted on 3/20/23 at 9:37 am to Screaming Viking
quote:
slightly.
very few people actually know where this comes from. well done!
I just watched a clip of that on YouTube after I saw your name. Dang that was a funny scene. And Kirsty Ally sure was hot back in those days.
For the uninitiated.
https://www.youtube.com/watch?v=eMsDWvDoIm8
0
Posted on 3/20/23 at 9:39 am to Weekend Warrior79
quote:
To me it looks like they took a bunch of factors they thought were important, and weighed them to fit their narrative.
Yeah that’s what I thought. I ain’t worried about “social isolation” concerns and crap like that.
I just want low taxes during retirement years
Posted on 3/20/23 at 10:05 am to ghost2most
quote:It's a trade off. States with no income tax, tax other things at a much higher rate. Alabama has very low property tax, but has an income tax and sales tax on food. FL has no income tax, but has very high property tax. Liberal States tax the shite out of everything.
Texas needs to fix property tax rates. It's about the only thing that would potentially get me to move.
Posted on 3/20/23 at 10:08 am to RLDSC FAN
quote:
9. Illinois
Oddly enough this state doesn't tax retirement income. That's how out of control local and muni governments are there.
I legit think that Mississippi is the next frontier for retirees. Specifically southern Mississippi within 150 miles of the coast. It's low COL, they don't tax retirement income, and there's plenty of space to develop retirement focused communities.
This post was edited on 3/20/23 at 10:14 am
Posted on 3/20/23 at 10:14 am to dewster
It is part of the grift there, I’m sure.
Generous public pensions which get spiked in the last three years of active work and then no taxation of it by the state should you remain.
Generous public pensions which get spiked in the last three years of active work and then no taxation of it by the state should you remain.
Posted on 3/20/23 at 10:15 am to dewster
My wife and I are debating the greater Hattiesburg area when we retire, especially if income taxes go away.
While I like Biloxi et all, I don’t like the chances of a hurricane wrecking everything at the last second.
While I like Biloxi et all, I don’t like the chances of a hurricane wrecking everything at the last second.
Posted on 3/20/23 at 10:20 am to UAinSOUTHAL
quote:
shite holes
quote:
Location: Mobile, AL
Posted on 3/20/23 at 10:22 am to RLDSC FAN
Glad I wouldn’t consider retiring in any of those. For me it’s Florida or somewhere rural like Montana or Wyoming
Posted on 3/20/23 at 10:23 am to UAinSOUTHAL
quote:
1. New York 2. New Jersey 3. Vermont 4. Massachusetts 5. Maryland 6. Washington 7. Connecticut 8. Maine 9. Illinois 10. Oregon
All liberal shite holes. Go figure....
I don’t think we’ll be retiring to any of the states on the list. We looked at 2-3 of them. They’re some really nice places to live at least part of the year.
The idea that these are “shitholes” is absurd. Places we looked at in Burlington, VT; Ithaca, NY; Cape Cod, MA; Mystic, CT; and Sag Harbor, NY were all gorgeous.
Posted on 3/20/23 at 10:24 am to TeddyPadillac
quote:
Most people can't do a god damn thing when they are over 80 so they aren't spending much money at all, assuming they are still alive, and by that point, all of their money and assets should have been moved over to their kids well before then if they haven't spent it b/c the gov't is going to take it all.
This could be true for some, but if you need help living or need to be in an assisted living or nursing facility it is not the case at all. I have a MIL in her 90s that is spending a ton just to be kept alive.
Posted on 3/20/23 at 10:24 am to RLDSC FAN
quote:
1. New York
2. New Jersey
3. Vermont
4. Massachusetts
Nobody "retires" to the North. The only reason people live up there is because they have jobs up there. My evidence? All the fricking Yankees who live in Arizona, Texas, Florida, Tennessee, the Carolinas, etc., now.
Posted on 3/20/23 at 10:24 am to teke184
quote:
My wife and I are debating the greater Hattiesburg area when we retire, especially if income taxes go away.
While I like Biloxi et all, I don’t like the chances of a hurricane wrecking everything at the last second.
Mississippi doesn’t tax retirement income right now. Louisiana is headed in that direction too but that’s probably 10 years away.
I’ve got a retired relative in Hattiesburg. Can’t speak too much to the area, but I think Mississippi isn’t a bad spot to retire if you find a nice community. Build a tornado shelter in your garage floor if you are Hattiesburg or north - especially towards Memphis…something like this: LINK
I’m a big fan of the Mississippi Gulf Coast. Just be mindful of the hurricane and storm surge threat. Still beats the hell out of shoveling snow in Wisconsin or Indiana.
This post was edited on 3/20/23 at 10:29 am
Posted on 3/20/23 at 10:26 am to dewster
quote:Healthcare & Quality of Life for potential retirees there are problems.
I legit think that Mississippi is the next frontier for retirees. Specifically southern Mississippi within 150 miles of the coast. It's low COL, they don't tax retirement income, and there's plenty of space to develop retirement focused communities.
Any retirement community would need to address these challenges to be successful.
Land is cheap & plentiful and the Winters are relatively mild.
Posted on 3/20/23 at 10:26 am to deltaland
quote:
Glad I wouldn’t consider retiring in any of those. For me it’s Florida or somewhere rural like Montana or Wyoming
Rural retirement makes no sense. Old people go to the doctor all the time. When you get old you need to live closer to stuff.
Posted on 3/20/23 at 10:28 am to dewster
quote:
Mississippi Gulf Coast. Just be mindful of the hurricane and storm surge threat.
And the closer you get to Hattiesburg and farther north, you have to worry about the growing threat of tornadoes which seem to have been exponentially increasing the past few years.
Posted on 3/20/23 at 10:29 am to dewster
My wife and I both spent a lot of time in the area before and know people there, so we have seen how the area has changed over time and what amenities it has or doesn’t have compared to other places.
All things considered, it seems pretty decent as a retirement destination. And worst comes to worst I can probably get a teaching gig at USM if I need extra money.
All things considered, it seems pretty decent as a retirement destination. And worst comes to worst I can probably get a teaching gig at USM if I need extra money.
Posted on 3/20/23 at 10:31 am to Ace Midnight
quote:
Nobody "retires" to the North. The only reason people live up there is because they have jobs up there. My evidence? All the fricking Yankees who live in Arizona, Texas, Florida, Tennessee, the Carolinas, etc., now.
I live in South Florida. Most of the people I know plan to spend either part or half their retirement in the north. I know six or more destined for Colorado, some to Maine, a bunch to Chicago and Montana.
Posted on 3/20/23 at 10:34 am to Motownsix
If you have enough money, maintaining multiple residences isn’t necessarily a problem. Provided that the states in question don’t have fricked residency rules of what makes you domiciled there.
NY state considers you a resident there if you are present more than a certain number of days out of the year. Which means a situation to where you can be considered a resident of NY state and either New Jersey or Connecticut if you work in NYC but commute from the burbs.
NY state considers you a resident there if you are present more than a certain number of days out of the year. Which means a situation to where you can be considered a resident of NY state and either New Jersey or Connecticut if you work in NYC but commute from the burbs.
Posted on 3/20/23 at 10:54 am to deltaland
quote:
For me it’s Florida or somewhere rural like Montana or Wyoming
Different strokes for different folks.
Not everyone wants to retire in isolation.
Posted on 3/20/23 at 10:55 am to TeddyPadillac
quote:
25 years or more of retirement?
Most people aren't retiring before 60, even when they can financially.
Most people can't do a god damn thing when they are over 80 so they aren't spending much money at all, assuming they are still alive, and by that point, all of their money and assets should have been moved over to their kids well before then if they haven't spent it b/c the gov't is going to take it all.
The fastest growing age group in the U.S. is people over age 85, and the second fastest is people 100 and over (centenarians). Experts predict a twelvefold increase in centenarians by the year 2060, and that a 10-year-old child alive today has a 50% chance of living to be over 100. My mom is 89 and is very much active and very much spending money. She has every intent of hitting 100+.
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