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Reply to "Retirement in Florida...recommendations"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b][quote=Anonymous][quote=Anonymous]In a word: don't. Retiring in Florida is so cliche. And Florida sucks.[/quote] But sun, sand and [b]most importantly no state taxes.[/b][/quote] First, you get what you pay for. [b]Second, if not state taxes is that important to you, then I feel sorry for you. You must be broke.[/b][/quote] actually it's the opposite, moving to no tax states is very common for rich people. https://www.bostonherald.com/2021/02/01/taxes-driving-wealth-out-of-massachusetts-and-into-florida-new-hampshire-report/[/quote] Talking specifically about moving for retirement: If you're a high earner then you'll presumably have a good amount of wealth by the time you retire. State and local tax on the income from your wealth won't have a big impact on your financial situation, relative to total assets. For people without a lot of savings, who have to live on Social Security and pensions that may be taxed, state and local tax can make a big difference.[/quote] You two are hijacking this thread. Please start a new one to continue your argument. BTW, you're never going to agree, so you should probably just let it go. [/quote]
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