If I live in one of these NO TAX on retirement income states. Does that include 401k distributions? How does that impact thought about ROTH conversion plans?
I am surprised North Carolina doesn’t make any of the lists for retirement. It has good weather with four distinct seasons and milder Winters. It offers both beaches and mountains within an easy driving distance along with gorgeous scenery for those looking to enjoy outdoor living. There are several well known universities for those seeking to pursue educational opportunities, enjoy sporting events, shows, concerts and entertainment. For those concerned about healthcare, NC has on average, the lowest Medicare Supplement premiums in the country for new retirees and some fine medical centers are located centrally in the state. There are both smaller, rural towns and larger cities from which to choose which would suit different lifestyle preferences, so I think NC is an option that people should explore.
WV is actually pretty awesome, but not sure I would want to retire there. The problem is medical care for when you’re older or if you want to travel. Flights are limited/non existent outside of Charleston. Even bigger college towns like Morgantown, you need to take a chartered flight to Pittsburgh or drive to fly out anywhere. Not to mention the poverty. Geography wise, it’s gorgeous with mountains and winding roads. Some of the best river rafting ever.
Back in 2010, our first visit to Colorado, it easily made it our future retirment state. Loved the mountain beauty, outdoor activity and dog friendly atmosphere. Fast forward to today where we are in our 50's and ready to buy a home and housing costs for a home over a .25 acre along with liberal politics bumped it of the list. We then began looking at other Western states and of course Wyoming being tax freindly is on everyones shopping list. We just came back from touring Nevada and Wyoming and while Wyoming edged out Nevada, overall I wasn't that blown away not to mention harsher winters and housing is high as well. We are in Illinois and while property tax is driving us away, we are 45 miles south of Chicago and near towns like Orland Park and Naperville where we have access to all the great food and shopping anyone could ever want so yes, we've become a bit spoiled when exploring Woming's sparse and isolated small cities and towns. To my suprise, Wyoming doesn't have a Costco in the entire state which is our go to bulk store. We want out of liberal high tax Illinois but of course don't want to make a huge mistake just looking at property taxes alone. It's also a bit odd to see the rural areas of Wyoming and Nevada with tons of junk, tractors and non running cars front of peoples homes. I suppose that's their middle finger to HOA's. On our road trips over the years to those western states we go through Iowa via I-80 and alway thought it was a a bit pretty especially the western part of the state with rolling hills and it dawned on us that we've never consider it before and started looking and you do get more home for your dollar and I was a bit suprised to see it's ranking on these lists. It also would be relatively quick drive to Illinois for family and freinds in Illinois.
Alaska is the best, but it’ll only appeal to certain types of people.
If I live in one of these NO TAX on retirement income states. Does that include 401k distributions? How does that impact thought about ROTH conversion plans?
I am surprised North Carolina doesn’t make any of the lists for retirement. It has good weather with four distinct seasons and milder Winters. It offers both beaches and mountains within an easy driving distance along with gorgeous scenery for those looking to enjoy outdoor living. There are several well known universities for those seeking to pursue educational opportunities, enjoy sporting events, shows, concerts and entertainment. For those concerned about healthcare, NC has on average, the lowest Medicare Supplement premiums in the country for new retirees and some fine medical centers are located centrally in the state. There are both smaller, rural towns and larger cities from which to choose which would suit different lifestyle preferences, so I think NC is an option that people should explore.
Thinking of retiring from No Va. to Palm Coast Fla. I can’t take the liberals any longer. And the pace is fernetic.
Hopefully retiring in Vegas. 104 paychecks to go
Coke just ruins the beer buzz
WV is awesome Josh. Great outdoors and cost of living. VA is WAAY to liberal and it filters down to the great rural areas
Who the heck moves to West Virginia, Mississippi Iowa willingly?
W. Virginia...only if you're married to your sister...🤣
WV is actually pretty awesome, but not sure I would want to retire there. The problem is medical care for when you’re older or if you want to travel. Flights are limited/non existent outside of Charleston.
Even bigger college towns like Morgantown, you need to take a chartered flight to Pittsburgh or drive to fly out anywhere. Not to mention the poverty.
Geography wise, it’s gorgeous with mountains and winding roads. Some of the best river rafting ever.
You liked everything I liked. Amazing.😊
Back in 2010, our first visit to Colorado, it easily made it our future retirment state. Loved the mountain beauty, outdoor activity and dog friendly atmosphere. Fast forward to today where we are in our 50's and ready to buy a home and housing costs for a home over a .25 acre along with liberal politics bumped it of the list. We then began looking at other Western states and of course Wyoming being tax freindly is on everyones shopping list. We just came back from touring Nevada and Wyoming and while Wyoming edged out Nevada, overall I wasn't that blown away not to mention harsher winters and housing is high as well. We are in Illinois and while property tax is driving us away, we are 45 miles south of Chicago and near towns like Orland Park and Naperville where we have access to all the great food and shopping anyone could ever want so yes, we've become a bit spoiled when exploring Woming's sparse and isolated small cities and towns. To my suprise, Wyoming doesn't have a Costco in the entire state which is our go to bulk store. We want out of liberal high tax Illinois but of course don't want to make a huge mistake just looking at property taxes alone. It's also a bit odd to see the rural areas of Wyoming and Nevada with tons of junk, tractors and non running cars front of peoples homes. I suppose that's their middle finger to HOA's.
On our road trips over the years to those western states we go through Iowa via I-80 and alway thought it was a a bit pretty especially the western part of the state with rolling hills and it dawned on us that we've never consider it before and started looking and you do get more home for your dollar and I was a bit suprised to see it's ranking on these lists. It also would be relatively quick drive to Illinois for family and freinds in Illinois.
I recommend Connecticut for wealthy retirees. The weather is quite good, and we have a very nice life up here.
Thanks Josh !
Minnesota politics are horrible
Minneapolis libs control everything just like Chicago controls all of Illinois.
#2 doesn’t surprise me at all. That’s some cheap living in West by God Virginia. Southern Ohio is almost the same.