Why is it that everyone wants to know what they need to retire on, but the question of where they’ll retire to almost never gets brought up?
Do the majority of retirees just assume they’ll spend their remaining days living wherever they are now?
I’m sure that’s the case for most people, but to everyone else who has dreams of enjoying their golden years elsewhere, it may be worth it to weigh out all the options.
After all, housing isn’t a cheap expense and the last thing you want to do is financially limit yourself during retirement.
That’s why I’ve listed 2 retirement-ready places that could each save you more than six grand during this new chapter of your life!
It depends on what you’re looking for, but one of the biggest selling points for recent retirees and everyday folk looking to move is personal income tax.
And it makes sense why…
Some of these rates are into the DOUBLE DIGITS!
Just living off a $50,000 salary in California would cost you over $6,000 a year in income taxes!
If you ask me, that’s enough to put a solid dent in your retirement savings.
Americans already pay way too much in taxes as it is. So why give even more money to the government when you don’t have to?
There are plenty of states out there, such as Texas and Florida, that have no personal income tax whatsoever.
This isn’t the only reason to go for either of these 2 states though…
Austin, Texas for example caters to retirees in a way that most states in the country don’t.
It’s probably been a while since you’ve thought about going back to school, but you may want to reconsider…
That’s because the University of Texas offers residents 65 and older FREE credit hours!
That alone might be enough to win you over if you’re looking to spend your spare time taking college courses that would normally cost you $38,435 per year.
But if you don’t care too much for this retirement destination, then Florida is another alternative that might be worth your while.
If you’re a fan of soaking up the sun or being out on the water, then Fort Myers, Florida may be ideal.
In addition to ZERO income tax, the cost of living in Florida is very affordable as median home prices are sitting somewhere in the $230,000 price range right now.
Not bad, considering endless summers, theme parks and ocean access that come along with the sunshine state.
I guess it makes sense why Florida is the #1 state that retirees flock to.
Whether you’re prepping for retirement or trying to make your savings last as long as you possibly can, Texas and Florida are great places to make the most out of your golden years both financially and personally.