Hey Jersey Are You Thinking About Retirement?

Whether you are retiring soon or retiring in 30 years, it's never too early to think about what your game plan might be for when you do finally retire. Planning can help you enjoy your much-deserved retirement after a long and hopefully successful work career.

 

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Three big categories come into play when you do call it quits. Health care, Money (taxes), and weather. So the question is where to go for the "golden" years? Because believe it or not they will be here before you know it.

 

 

According to Travel + Leisure, If you love Mickey Mouse and Sunshine, you will love Wallethub's pick for the BEST place to retire. "WalletHub ranked America's most populated cities across four retirement-friendly indicators: quality of life, affordability, activities, and health care, using 45 metrics. Orlando scored 61.49 out of 100 — the most out of all 182 cities on the list."

 

According to Travel + Leisure, "WalletHub ranked America's most populated cities across four retirement-friendly indicators: quality of life, affordability, activities, and health care, using 45 metrics. Orlando scored 61.49 out of 100 — the most out of all 182 cities on the list."

 

 

Unsplash: Tim Mossholder
Unsplash: Tim Mossholder
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According to data in the report, a huge draw to Florida is the tax-friendliness in the Sunshine State for "Seniors":

  • No personal income tax on the state or federal level (also applies to investment income).
  • No payment is made on inheritance tax or estate tax.
  • Most groceries and all prescription and nonprescription drugs are tax-free.

So these monetary benefits are a big draw for those retiring and relocating to the Orlando (Florida) area.

 

WalletHub reported, "In addition, while Orlando doesn't have a particularly low cost of living, it is the 9th-cheapest city for homemaker services and the 20th-cheapest for adult day health care out of the more than 180 cities in our study," 

 

So maybe if you are thinking about retirement and cold winters are not for you anymore, then maybe a look at Orlando is worth some time. Besides you will be the favorite Grandparent if you live next to Mickey, Donald, and Goofy!

 

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LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]

Gallery Credit: Bethany Adams