As people grow older they need to start planning for their retirement. Of course, planning for retirement can never be done too early. Those that live in comfort during their retirement years started planning, investing and saving early on in their lives. One of the main decisions to be made is to choose a retirement location. In the United States a surprising number of people choose to retire in Florida.
There are many good reasons why the Sunshine State is one of the most popular retirement destinations in the United States. It boasts marvellous weather all year round. It offers some of the most spectacular theme parks in the world and it is the home of numerous extraordinary sites of natural beauty. The entire state boasts numerous retirement communities where it is easy to meet like minded people.
One of the main reasons why pensioners flock to the Sunshine State is the fact that there is no taxation on personal income. Neither are there any death or estate taxes. This means that retired couples with a fixed income can rest assured that a hundred per cent of their income remains theirs to use for themselves. The absence of estate taxes means that loved ones will eventually be able to inherit more.
Saving on taxes is not the only financial benefit citizens of this state enjoys. Compared to other states such as New York the cost of living is much more affordable. Also, because the state boasts so many retirement villages, many businesses are willing to offer substantial discounts to pensioners in order to benefit from this very lucrative market segment. Some municipalities and most of the tourist attractions also offer discounts.
Then there is the fact that this State is home to some of the very best medical care facilities in the world. Due to the very fact that there are so many elderly residents, many hospitals and medical specialists focus on those conditions that are most prevalent in the elderly. It goes without saying that pensioners require proper medical care within easy reach.
A Florida retirement also means that the primary home of all citizens, including pensioners is safe from creditors and any other lien holders, regardless of the financial situation of the home owner. Even in case of bankruptcy, the home remains untouchable. This is a great comfort to many people that experience financial difficulties and that are vulnerable to fluctuations in the financial markets.
The safety of citizens of this state is rated above average. The State is serious about crime prevention and visible policing is a serious priority. Many retirement village boast extended security features with armed guards, alarms and access control. This makes residents feel safe. They like the idea that they can walk on the streets, even at night.
Retiring in Florida certainly holds many benefits. Abundant natural beauty, world class entertainment facilities, gorgeous weather all year round and advantageous tax systems all combine to make this state the prime destination for pensioners. It has been holding this title for many years and will probably continue to do so for many more years.
There are many good reasons why the Sunshine State is one of the most popular retirement destinations in the United States. It boasts marvellous weather all year round. It offers some of the most spectacular theme parks in the world and it is the home of numerous extraordinary sites of natural beauty. The entire state boasts numerous retirement communities where it is easy to meet like minded people.
One of the main reasons why pensioners flock to the Sunshine State is the fact that there is no taxation on personal income. Neither are there any death or estate taxes. This means that retired couples with a fixed income can rest assured that a hundred per cent of their income remains theirs to use for themselves. The absence of estate taxes means that loved ones will eventually be able to inherit more.
Saving on taxes is not the only financial benefit citizens of this state enjoys. Compared to other states such as New York the cost of living is much more affordable. Also, because the state boasts so many retirement villages, many businesses are willing to offer substantial discounts to pensioners in order to benefit from this very lucrative market segment. Some municipalities and most of the tourist attractions also offer discounts.
Then there is the fact that this State is home to some of the very best medical care facilities in the world. Due to the very fact that there are so many elderly residents, many hospitals and medical specialists focus on those conditions that are most prevalent in the elderly. It goes without saying that pensioners require proper medical care within easy reach.
A Florida retirement also means that the primary home of all citizens, including pensioners is safe from creditors and any other lien holders, regardless of the financial situation of the home owner. Even in case of bankruptcy, the home remains untouchable. This is a great comfort to many people that experience financial difficulties and that are vulnerable to fluctuations in the financial markets.
The safety of citizens of this state is rated above average. The State is serious about crime prevention and visible policing is a serious priority. Many retirement village boast extended security features with armed guards, alarms and access control. This makes residents feel safe. They like the idea that they can walk on the streets, even at night.
Retiring in Florida certainly holds many benefits. Abundant natural beauty, world class entertainment facilities, gorgeous weather all year round and advantageous tax systems all combine to make this state the prime destination for pensioners. It has been holding this title for many years and will probably continue to do so for many more years.
About the Author:
If you would like to retire in Florida check out these great 55+ communities in Florida. For more details on Florida Homes, visit the GL website.