The Best State to Retire in the Northeast

With amazing natural beauty and plenty of recreational opportunities, Maine is among the best places to retire in the United States. A relatively low cost of living, several senior tax breaks and many 55 and over communities makes this a popular retirement destination for the financially conscious retiree. When compared to popular retirement states like California and Florida, Maine is a different breed. The winters here are sometimes harsh with frequent snowstorms and occasional blizzards. Big cities are few and far between, and much of Maine is incredibly rural. However, for the outdoor enthusiast, Maine is a northeastern paradise. Hunting and fishing opportunities abound, making this one of the best states to retire in for the hardy and hale retiree.

Best City to Retire in Main

Maine’s largest city, Portland, is an amazing place to retire. Although small by west coast standards, Portland’s population is approximately 62,000 and growing at a rate of nearly 1.5% per year. Housing an incredible Arts District, Portland is also home to several other named neighborhoods, each with their own culture and entertainment. In 2009, Forbes rated Portland #1 on its list of “America‘s Most Livable Cities” and Bon Apatite Magazine called it “America’s Foodiest Small Town”. Portland is home to several food festivals which pay homage to food and drink from many different cultures. The city also has the largest shopping mall in Maine, as well as the largest hospital. A 30-mile network of biking and walking trails was recently renovated within the city, making it a great place for exercise enthusiasts. A relaxed city atmosphere, plenty to see and do and an active network of seniors with a variety of interests make Portland one of the best cities to retire in Main.

Cheapest Place to Retire in Main

Bangor Maine takes the top honors when considering the financial ramifications of Maine retirement. The small city of 32,000 offers a lot for retirees. With 33% of the population aged 55 or older, Bangor caters to the retirement community. An average three bedroom house costs $165,000, nearly $15,000 less than the national average. With a rich arts community, Bangor is home to several annual art festivals including the American Folk Festival. There are nearly thirty parks within the Bangor city limits, and Arcadia National Park is only a 90-minute drive away. Groceries are 3% lower than the national average and gasoline averages $3.65 per gallon. Healthcare costs are in line with national expenditures. With so much to see and do, it would be easy to mistake Bangor for a larger city; however, the entire area has a small-town feel. Bangor is also close to the beautiful Atlantic coast, allowing for day trips filled with beach combing.

Tax-Free Retirement Made Easy 

You don't want to organize your new life overseas around tax code...but sometimes the two agendas can converge. 

We've identified three countries that roll out the welcome mat, not only offering significant benefits for foreign residents, including seriously appealing tax advantages, but also making it easy for you to become a foreign resident in the first place. 

That is, it can be possible to relocate to the Shangri-la of your fondest daydreams...while, at the same time, reducing your tax burden, maybe to zero. 

It depends largely on how and from where your income is derived... 

And the key is arranging legal foreign residency. 

Here's the good news: While not every country welcomes foreign retirees or expats, we've identified three countries that roll out the welcome mat, not only offering significant benefits for foreign residents, including seriously appealing tax advantages, but also making it easy for you to become a foreign resident in the first place. 

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The state of Maine is a great retirement destination for those who wish to get away from the daily trappings of big city life. Arguably the northeast’s best place to retire, Maine has something for everyone. For those looking for relaxation and beauty, Maine is the best place to live.