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Reply to "If you retire early, where have you considered moving to?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DC cuts your property tax by 50 percent once you're 65, and its property taxes are already lower than the MD and VA suburbs to begin with. Our home in DC is assessed at close to $1.7 million and our taxes will be $6600 a year. There's no reason to move away for that.[/quote] You can’t make more than like $150k I thought.[/quote] It's actually $160k AGI, yes. But lots of folks in retirement can work the numbers to meet that threshold. We have a net worth of $8.5 million and it works for us. [/quote]
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