Many active adults buying into a 55+ community are also moving to different states. Whether that's for the climate, proximity to grandchildren, or the taxes, active adults are on the move. Taxes should be considered in-depth when moving to any state, including New Jersey. Here's what you need to know about taxes in the Garden State.
If you're looking for a mild climate, miles of beaches, outdoor activity, and diverse cities, look no further than North Carolina. The state has everything an active adult desires in retirement. However, how do North Carolina's taxes hold up against the rest of its appeal?
If you're looking for a tax friendly state to spend your retirement, 55 Places has you covered. Texas is a popular state for active adults due to weather and tax friendliness. Take a look to see what to expect before you move to the Lone Star State.
Taxes are as important an aspect as any when it comes to moving states. If you're looking at a 55+ community in South Carolina here's what you need to know about ins and outs of South Carolina taxes.
Florida has long been a destination for active adults and retirees. That's not just because of warm climate and sunny days, the state's low tax burden is also a huge plus. If you're thinking of moving to a 55+ community in Florida, here's a handy tax breakdown to guide you.
Last month, President Trump signed into law a tax overhaul bill that divided many in Congress and around the nation. Supporters claimed that the new laws would ease financial burdens for the middle class while detractors claimed its intention was to help corporations and put the long-term burden on individuals.
As another year winds to a close, we put away the tree, the unwrapped presents, and empty champagne bottles. Now it’s time to look forward to reaching your goals for the future. As always, this is easier said than done. Planning for a great retirement isn’t easy, but doing the hard work now will make that retirement even better. Here are a few resolutions to make as we enter 2018 to help you get to retirement faster.
Believe it or not, Pennsylvania is considered one of the most retirement-friendly states in the country. The state has a wide selection of active adult communities and offers an affordable cost of living and great tax breaks for retirees. Not only does Pennsylvania have a variety of 55+ communities that provide retirees with an active and social lifestyle, the state also has plenty of cultural and historic attractions as well as top-notch outdoor recreation and entertainment. With so many benefits for retirees combined with a great selection of affordable age-restricted communities, it’s no wonder active adults flock to the Keystone State. Check out the top lowest-priced communities in Pennsylvania below.
Whether you are thinking about retirement or already retired, it is likely that your income will be lower than its current level. Learning to live frugally does not mean giving up the things you enjoy, and budgeting your funds will be more important than ever. Frugal living can help you maintain a comfortable lifestyle in retirement if you are careful and find ways to cut expenses that are not necessary.
When it comes to retirement advice, you probably don’t think about sharing it with your kids because that’s something they don’t have to worry about for a very long time. But in actuality, it’s a great way to introduce to them topics about retirement planning and saving. Experts agree that talking about money and retirement will help children long term. According to a 2012 study by the LIMRA, a financial services trade association, 56% of all 18-to-34-year-olds are not saving for retirement, and one in two Americans are not saving at all for retirement. So it’s safe to assume that talking to your children early on about the importance of retirement savings can only help them with their future plans. After all, if we have good retirement tips shouldn’t it be our responsibility to pass them along to the younger generation and help them better prepare for their financial goals? Check out the retirement savings tips to pass along to your kids.