Choosing the right state to retire in can significantly enhance your retirement experience. Some states offer distinct advantages that can make your golden years more comfortable, enjoyable, and financially stable. Pick up crucial retirement tips and tricks by learning about the three best states for seniors and retirees!
Arizona
Arizona is becoming a top retirement destination, swiftly replacing more traditional locations. This shift is largely due to rapid development in its major metropolitan areas, offering retirees access to modern amenities, healthcare facilities, and an array of shopping and dining options. The state’s climate is another significant draw, with its dry and consistent weather providing an ideal environment for those seeking to escape harsh winters or humid summers. Arizona also boasts a wealth of senior-friendly entertainment options, including golf courses, hiking trails, and cultural events. Finally, Arizona offers affordable living, making it a financially viable option for many retirees.
Florida
Retiring to Florida remains one of the most popular options for seniors nationwide. Much like college seniors on spring break, retirees can’t resist Florida’s many beaches and warm weather. Furthermore, Florida doesn’t tax any income, including social security benefits! While nearly 40 states won’t tax your retirement benefits, the Sunshine State is one of nine states that lets you keep every dollar you earn. Plus, many areas throughout Florida are specifically designed for seniors, including a wide selection of top-class retirement and active adult communities. A move to Florida provides a more affordable cost of living compared with most states, which is a compelling reason to relocate after retiring.
Tennessee
For many Volunteer State residents, there’s simply no place like home. Therefore, many Tennesseans spend their golden years in a comfortable and familiar community. The most obvious benefits of this option are convenience and cost. First, you don’t have to uproot your entire life; instead, you get to remain close to friends and family. Secondly, it’s undoubtedly more affordable not to move from one of the most affordable states in the country! Tennessee also offers numerous reputable and quality retirement communities for individuals seeking additional care. Alternatively, you can save money by remaining in your current house and hiring in-home assistance.
Understanding which states are best for seniors is one of many tips and tricks you can use to enhance your retirement experience. If moving to a new location appeals to you, you can explore somewhere different and take advantage of certain tax laws for increased earnings. However, there’s nothing wrong with remaining a lifelong Big Bender and spending your final chapter in Tennessee.
