Florida is famous as the destination of choice for retirees. Whether people choose to stay there all year-round, or adopt the “Snow Bird” lifestyle, Florida is full of folks who no longer work and want to live the good life. What about Florida makes it so popular? Besides the gorgeous weather, there are a lot of practical and appealing reasons to consider retiring in the Sunshine State.
Florida is one of the few states in the country to have no inheritance tax, estate tax, or income tax. This is a huge draw considering you’ll probably no longer have a steady income like when you were working, and you’ll want to keep as much of your money in your pocket as possible.
Low cost of living
You might assume Florida is an expensive place to live because it’s so beautiful and is close to the ocean. While this is true of big cities like Miami, there are lots of smaller cities with very reasonable prices on just about anything. An added benefit to choosing a smaller, more affordable city is that it won’t be constantly swarmed with tourists.
Florida knows that it’s home to lots of retired people, so it offers a huge variety of healthcare options for just about any budget. Unlike in areas that aren’t as popular with retired people, it won’t be difficult to find the kind of care you’ll need in your golden years since insurance companies will be eager for new clients and more competitively-priced.
If you’re interested in a more structured living situation and don’t want to go through the hassle of owning and maintaining a home, Florida has a wide variety of Active Adult communities for every budget and every personality. You’ll get access to amenities like pools, social events, and more.
Great family destination
You’ll want your family to visit you when you retire, and if you choose a place like Florida, they’ll be dying to come visit. There are countless activities and hot spots that make Florida an ideal location for a big family getaway, like beautiful beaches, nature parks and Disney World.