This Is One of the Most Popular Retirement Places in the U.S. for Low Taxes and Good Weather
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This Is One of the Most Popular Retirement Places in the U.S. for Low Taxes and Good Weather
"A single person retiring in Rio Verde needs $896,947 to afford 15 years of retirement while a couple would need $726,239, including Social Security."
"Florida and Arizona are popular retirement states known for good weather and lower taxes, which attract retirees seeking a comfortable lifestyle."
As retirement neighborhoods in Florida and Arizona grow in popularity due to favorable weather and tax advantages, prospective retirees may underestimate the financial requirements. GoBankingRates reveals that a single person may need nearly $900,000 and couples around $726,000 to afford 15 years in preferred areas, taking Social Security into account. Areas like Rio Verde in Arizona shine as affordable options with a high retiree demographic, highlighting the importance of financial planning in achieving retirement goals.
#retirement-planning #cost-of-living #florida #arizona #financial-advice
Read at Travel + Leisure
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