Where to Retire?
Yesterday Yahoo! Real Estate put up an article by Forbe's William Barrett about America's Top Burb's for retirees. In it he poses the question that has been echoing through Boomer's minds since Boomer's first started retiring, 'Where to retire?' For many it's not really much pf a question. The vast majority of America's just stay where they've always been. But a few and in fact and increasing number of retirees do venture out to uncover the best places to retire abroad, motivated by either a desire for change or the need to save money. Most would say they are concerned about living on a fixed income and finding the cheapest places to retire and for many that means just staying put. However, more and more American's are realizing that moving to another state or even another country could offer a substantially better retirement lifestyle on the same fixed income.
Barrett suggests a new alternative - jumping burbs. Where boomers who may have spent the majority of their years raising families and cutting lawns in one suburb consider trading it in for another somewhere else in America. To help retirees pick their new spot Forbe's has come out with a list of the Top 25 Places to Retire in America - places as in Top Suburbs.
Best Places for Taxes
Barrett also suggests that tax savings can be an important part of the decision to move and where to relocate as a retiree. For example, Texas and Florida have no state income taxes while others like Florida and Pennsylvania have special tax incentives specifically aimed at retirees.
Best Places to retire in America
The Forbes list of the Top Suburbs looks at places that are no further than 25 miles from the center (downtown) of a major metropolis and where average homes prices were less than $400,000. Interestingly enough half of the Top Places ended up with home prices under $200,000. They also looked at other data to determine places which represented the most liveable cities for retirement aged folk. Things like healthcare services, cost of living, tax environment, crime rates and more.
The Top Ten Places to Live for Retirees were:
Broomfield, CO
Davis, CA
Brentwood, MS
Ft. Thomas, KY
Meridian, ID
Lauderdale, MN
Allen, TX
Fayetteville, GA
Gilbert, AZ
Tamarac, FL
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.
Revealed: The world's top 20 destinations where you can enjoy a better quality of life—
on a budget of US$1,200 or less Plus, everything you need to know
to make one of these 20 special places your home in as little as 12 months
