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Reply to "If you retire early, where have you considered moving to?"
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[quote=Anonymous][quote=Anonymous]I understand the need to be smart with your money and not to throw your money away needlessly in retirement, but to plan where to live your retirement years around minimizing property and income taxes isn't very appealing to me. Like everything else in life, there's a price you pay for that kind of thinking. If I want to live in a certain place, I'm gonna do it, and I'm not gonna do it for tax reasons.[/quote] +1 we will continue to live in the DC area. My son has graduated from college and settled in the area. My sister is here too. I have a lifetime of friends plus a few community organizations I volunteer with that I intend to do more of when I retire. I did suggest to DH that maybe we could downsize to a townhome since that could reduce our property taxes but he doesn't love that idea since it would come with the transaction costs of moving + HOA fees. Our house is a reasonable size for the two of us and an area we like. So, we'll see. We definitely won't be leaving our community ties and all the people we love to live in some random area just because taxes are lower.[/quote]
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