Monday 23 February 2015

Why So Many Pensioners Choose To Retire In Florida

By Jony Mozen


People who are able to enjoy their retirements are inevitably those that started planning from an early age. Far too many people suffer during their pension years because they have not made provision in time. Planning a location for the final years of life is also very important. To retire in Florida seems to be a common dream of millions of couples in the United States of America.

The Sunshine State is one of the most popular retirement destinations in the United States. It boasts glorious whether, unparalleled scenic beauty and excellent facilities for every conceivable sport and leisure activity. Places such as Key West and Key Largo, for example, have large retirement communities. This means that there is ample opportunity to connect with others of the same age and with similar interests.

The taxation policies of this state is one of the main reasons why so many pensioners decide to settle there. There is no tax on personal income. There is no inheritance or gift taxes either. This means that the interest pensioners receive from their investments and the pensions they receive from their pension funds remain steady and untouched. Beneficiaries will inherit more. In fact, the tax burden of residents of the Sunshine State is among the lowest in the country.

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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