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Where to retire, or not..
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IanS
·I'd like to stop going to work.
Of course, I still want to get paid regularly, so I guess I can't retire.
Of course, I still want to get paid regularly, so I guess I can't retire.
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ATWG
·I too am not far off from ‘retirement’ and this topic is subject to regular conversation with my wife.
I have extensive family in FL and own property as well, but won’t go as far as moving for a lot of the reasons that’s been stated.
For me, it’ll be where ever my kids eventually settle as that’s most important to us, being near family and loved ones. My oldest is considering schools on both coasts, and nothing in the middle part of the country. I live in Maryland which is a high cost state and is not conducive for retirement. Property taxes are insanely high and quality of life is not as good given proximity to DC. With property values reaching NYC & SF levels, It will allow me to have good flexibility to relocate.
I have considered moving back to Austria, but would be there alone with no friends or family.
One thing is for sure, climate and access to a good watchmaker is a definite driver in my decision.
I have extensive family in FL and own property as well, but won’t go as far as moving for a lot of the reasons that’s been stated.
For me, it’ll be where ever my kids eventually settle as that’s most important to us, being near family and loved ones. My oldest is considering schools on both coasts, and nothing in the middle part of the country. I live in Maryland which is a high cost state and is not conducive for retirement. Property taxes are insanely high and quality of life is not as good given proximity to DC. With property values reaching NYC & SF levels, It will allow me to have good flexibility to relocate.
I have considered moving back to Austria, but would be there alone with no friends or family.
One thing is for sure, climate and access to a good watchmaker is a definite driver in my decision.
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khanmu
·
Well as long as you don’t all mind camping, I’m sure I can put you all up! And there are lots of small towns with antique markets/shops and old clock/watch shops to explore...
Location wise for me, it’ll be somewhere with an all year round temperate climate, rural countryside for walks and riding but with small towns within reach, culture and sense of community, reasonably priced great food and wine, good healthcare and if it’s not in the U.K., then a nearby airport for friends and family to fly in...
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KAP
·If tax considerations are part of your decision on retirement location, then checking out U.S. state by state tax treatment is useful.
States With No Personal Income Taxes:
Alaska
New Hampshire
Texas
Florida
South Dakota
Washington
Navada
Tennessee
Wyoming
And then combined state and average local taxes can be factored in:
States With No Personal Income Taxes:
Alaska
New Hampshire
Texas
Florida
South Dakota
Washington
Navada
Tennessee
Wyoming
And then combined state and average local taxes can be factored in:
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KAP
·We have friends that traveled the US in search for the ideal place to retire. They were on the road for about 4 of the planned 6 months when they decided to head back home. They had become frustrated and weary in finding the perfect place which didn't seem to exist. Now a few years later and still living in the same location and house, they realized they are where they wanted to be.
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Foo2rama
··Keeps his worms in a ball instead of a can.Uruguay
Good weather, geographically isolated, self sufficient food wise, strategically unimportant good national health care. If the world economy hits the fan it’s going to be a great place.
Good weather, geographically isolated, self sufficient food wise, strategically unimportant good national health care. If the world economy hits the fan it’s going to be a great place.
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BlackTalon
··This Space for RentI cannot believe no one has suggested Washington, DC so far. Why DC is filled with 'retired in place' gov't workers -- it is a veritable gov't workers' retirement paradise. And the best part is you draw full salary while retired at your desk. What's not to like?
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arcadelt
·I suggest retiring where your connections are. Moving away from where you are established doesn’t make sense to me.
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gatorcpa
··ΩF InvestiGator
Unfortunately @KAP, the table you posted only shows state sales and use tax. That's not an accurate representation of any sort of tax burden, because it only measures a single, very regressive tax.
I think the map on this page is probably the most accurate in judging the overall cost of living in different areas. Again, taxes are but one element of the overall cost of living.
https://taxfoundation.org/real-value-100-metro-2018/
You can roll your mouse over a particular area and it will give you the relative cost of living by county as well as by state.
This site gives you an explanation of what this all means.
https://taxfoundation.org/real-value-100-state-2018/
Hope this helps,
gatorcpa
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asrnj77
·I cannot believe no one has suggested Washington, DC so far. Why DC is filled with 'retired in place' gov't workers -- it is a veritable gov't workers' retirement paradise. And the best part is you draw full salary while retired at your desk. What's not to like?
I know you jest but in addition to the high taxes and ridiculous property prices in the greater Washington area you also get insane traffic 7 days a week and blah weather (high humidity and more rain then Seattle). Good times!
That being said nobody has mentioned Central America and I think Costa Rica is a beautiful country that has generous tax benefits for retired Americans and is a short flight with connections in Texas and Florida when you want to visit people in the U.S. Take a look at some of the expat communities in Costa Rica and picture yourself on the beach with a frozen beverage. Then picture yourself in Western England or Southern Ontario in the winter arguing with your spouse over high how the heating bill is😉
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STANDY
··schizophrenic pizza orderer and watch collectorTasmania or New Zealand. As many acres as i can find.
Alot of silicon valley Dot.comers have bought in NZ
If i get a redundancy it will be sooner than i like but well set up with super and a property.
US dollars would buy a nice farm in Either Tasmania or New Zealand
Alot of silicon valley Dot.comers have bought in NZ
If i get a redundancy it will be sooner than i like but well set up with super and a property.
US dollars would buy a nice farm in Either Tasmania or New Zealand
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77deluxe
·What about buying a RV and simply outrunning winter for about 30 years?
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Toishome
·Just started looking into this myself a few days ago. Being in Canada I like to go somewhere that is not too far and I can hopefully reach with one direct flight. I am sure for the first few years I would be going back and forth often.
Here is my list of contenders 😀
1. Colombia
2. Panama
3. Ecuador
4. Bolivia
I have to do much more in-depth digging around but will be one of these places by the looks of it.
Here are a couple of websites that you guys might find useful.
https://www.numbeo.com/cost-of-living/comparison.jsp
https://www.expat.com/en/
Here is my list of contenders 😀
1. Colombia
2. Panama
3. Ecuador
4. Bolivia
I have to do much more in-depth digging around but will be one of these places by the looks of it.
Here are a couple of websites that you guys might find useful.
https://www.numbeo.com/cost-of-living/comparison.jsp
https://www.expat.com/en/
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Omegafanman
·How about Panama or Chile ….. just to throw in some wild cards.
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Omegafanman
·Being boring whatever you do don't want to lose optionality. We don't like to face it but health and possibly wealth is tracking down at some point. Whatever you decide have a plan which covers the bases and consider what happens if your situation changes. I have found older people with a more realistic outlook and a plan B tend to have a happier / longer retirement.
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SpeedyPhill
·Well if one knows a very good place, he or she should be wise and keep it secret 😁
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henrikaa
·Retiring is many, many years away but I would opt in with the Northern part of Italy; specifically Piemonte or Liguria. Climate, food, people are just amazing and you are very close to mountains and beaches.
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ericmtl
·The people I see with the best retirement plan have a nice and safe place to stay with the ability to travel 2-3 times per year, I think hobbies are most important also, time seems to slow down when you run out of passions and loneliness is not a good friend , so around people you care about is also a must!
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