Tuesday, February 17, 2015

Why So Many Pensioners Choose To Retire In Florida

By Jony Mozen


As people grow older they need to start planning for their retirement. Of course, planning for retirement can never be done too early. Those that live in comfort during their retirement years started planning, investing and saving early on in their lives. One of the main decisions to be made is to choose a retirement location. In the United States a surprising number of people choose to retire in Florida.

There are many very good reason why this state is so attractive as a retirement destination. Of course, the weather is good all year round, even though it can get very hot in summer. There are numerous sites of astounding natural beauty, superb beaches and world class amenities. There are numerous retirement villages, allowing newcomers to quickly find suitable friends of their own age and with their specific interests.

One of the major reasons why older people flock to the Sunshine State for their retirement is the taxation policies of the state. There is no tax on personal income. This means that pensioners can rest assured that their entire incomes will remain intact for their personal use. Also, there are no death or estate taxes. For older people this means that their loved ones will inherit more and that they will not have to deal with complicated probate procedures.

Savings on taxes are not the only financial benefits enjoyed by citizens of this state. The cost of living is among the lowest in the United States. Pensioners enjoy many discounts at tourist attractions and businesses vie for the custom of the very large market segment consisting of pensioners. Some local authorities even offer pensioners discounts on public transport and free use of official amenities.

The Sunshine State also offer citizens some of the very best medical facilities in the world. The large elderly population has motivated many facilities, specialists and practitioners to focus on those conditions most likely to be experienced by older people. Quality medical attention is high on the list of priorities for most pensioners. Many retirement villages even offer their own medical treatment centres.

A Florida retirement also means that the primary home of all citizens, including pensioners is safe from creditors and any other lien holders, regardless of the financial situation of the home owner. Even in case of bankruptcy, the home remains untouchable. This is a great comfort to many people that experience financial difficulties and that are vulnerable to fluctuations in the financial markets.

Safety and security is also high on the list of all pensioners. The Sunshine State boasts one of the lowest crime rates in the United States. In addition, many retirement complexes and villages feature advanced security features, including armed response, direct links to police stations and controlled access systems.

Retiring in Florida certainly holds many benefits. Abundant natural beauty, world class entertainment facilities, gorgeous weather all year round and advantageous tax systems all combine to make this state the prime destination for pensioners. It has been holding this title for many years and will probably continue to do so for many more years.




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