Post by Owen on Aug 23, 2020 5:52:26 GMT
1 ~~~ 10 Best Places to Retire in Florida (Video) ~ Travel and Leisure ~~~
www.travelandleisure.com/trip-ideas/senior-travel/best-places-to-retire-in-florida ~ 28 April 2020 ~
Warm weather, beautiful beaches, and lots of cultural attractions are just a few of the reasons to retire in Florida.
Retiring in Florida is a goal for many baby boomers across the country – and the world, for that matter. Year-round warm weather, sandy beaches, natural beauty, theme parks, and plenty of cultural attractions make the Sunshine State an attractive place to settle down.
In addition to all of that, tax advantages are a major draw. Florida has no state income tax, and that holds true for social security benefits, pension income, and withdrawals from IRAs and 401(k)s. Florida also has no estate or inheritance tax. Residents who buy a home in Florida and declare that it’s a primary residence receive an exemption of $50,000 for property tax purposes (except for school district taxes where the exemption is $25,000). An added protection on property taxes is the cap on annual assessment increases of three percent or the change in the CPI (Consumer Price Index), whichever is less.
www.travelandleisure.com/trip-ideas/senior-travel/best-places-to-retire-in-florida ~ 28 April 2020 ~