Florida’s warm climate is perfect for retirees looking to relax outside year-round with chance of snow-related inconveniences.
Patricia also points out that seniors also benefit from Florida’s tax policies if they declare the state their “permanent domicile.”
There’s no state income tax in Florida so Social Security payments and pensions aren’t taxed as income! Seniors deserve every dollar they earned and retiring in Florida can potentially maximize the benefits one receives.
In addition to no income tax, Florida “has no estate or inheritance tax” – so more of your life’s wealth will go to your loved ones.
Here’s Patricia of top Florida cities for seniors to retire to:
- Fort Lauderdale
- Fort Myers
- Gulf Breeze
- St. Petersburg
- Key West
Check out Patricia’s article for an in-depth explanation for each location’s spot on the list!