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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is OP.  I agree with the poster who says there is a miniscule difference once the cost of moving/realtor/closing costs are factored in.  Also, my very experienced and highly regarded CPA does not agree with my FA. He says Florida is worth moving to if you make a million dollars every year (not just one time).  BTW I don't make a million ever.

We looked at Suburban Philly (to have doctors and stuff to do) but the real estate taxes are higher than Maryland.  There is also a school tax.  They get you somehow it seems.[/quote]
presumably you would get a smaller place when you retire and move, so even if the tax rate is higher, your overall property tax may be lower than here.

PA does not tax retirement income from IRA/401ks.

We are planning to move out of MD in a few years due to the high taxes and miserable weather.   I'm actually thinking of socal where my family are and where I'm originally from.  While the sales tax, gas,  and overall property values are higher than here, at least I get year round great weather.    Also, CA does not reassess property values every few years, unlike MD.  Our property taxes have gone up significantly since we moved here 10+ years ago.

I looked at the income tax band, and CA actually has a lower income tax rate for our expected income in retirement compared to MD because every county in MD has income tax.  Sales tax where I'm looking at is 7.75% - not that different to MD.

I"m basically buying the great weather.  I'm happy to pay for great weather.   What am I paying for in MD when I retire?  I don't need good schools.

CA has good medical care, too.  My elderly parents live there just fine on a fixed income.  I'm not worried about earthquakes (I've already lived through a big one there before).  The fires may be an issue,  but we will probably be moving to an area that won't get fires but may get the smoke.

The only thing that worries me is the water issue.  But, I lived in CA for 40+ years and lived through several droughts. I think we will be ok.   We'll get solar panels (year round sun) and rain barrels.

I can't stand MD anymore.  I need to get out.[/quote]

OP here.  Unfortunately,  I grew up in MD and my roots are here.  I don't want a significantly smaller place.  At least this isn't New Jersey.[/quote]
? ok, then stay in MD?

For some of us, we don't need to stay in MD for family, nor do we think MD is the only cultural center.

MD is a high tax state.  There are plenty of other places that have "culture", and better weather to boot.

The better question is: Why would one stay in MD if not for family and work?[/quote]
For peace and if you love your home/lot and have the means, then there are people willing to pay a premium for it. My current home backs to a park that has protective designations assigned to it. That doesn’t mean that a data center or casino will never disrupt the peace and tranquility that I currently have, but it’s not going to happen anytime soon. I can still go into DC and travel to gather all the culture and activities that my heart can hold. As a retired older person, I feel like I will value my peace even more than I do now.[/quote]

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