Best Places for Retiring
I just read an article talking about the best places to retire. This article focused on the cost of living and tax impact. There are many reasons why people retire in the locations they do. Weather, cost of living, health care availability and asset protection being a few of them.
When it comes down to it, it is a personal decision why you live where you live. Growing up in Ohio, a lot of Ohioans move to Florida due to the weather being better in the winter. It is as simple as that. Other clients though have built significant weather over their working years and have tax considerations and asset protection considerations to think of. I spoke with a client yesterday who was thinking of retiring and their biggest concern was asset protection - which is a state by state determination.
If taxes and cost of living are important to you and where you may retire, read Forbes' article "The Best Retirement Places."
To learn more on estate planning, please consult our estate planning attorney at Wood, Atter & Wolf, P.A. in Jacksonville and Ponte Vedra Beach, FL.
