Relocating to DFW from CA. Planning to retire there, as well. (Houston: how much, hotels)

[kyam11]

Originally Posted by NP78

Very good advice, especially without school enrollment as a factor.

Agreed and I would start with a neighborhood type that turtle creek mentions to start. I relish the day I can move near downtown of some city with no kids to worry about

[justsomeguy]

Originally Posted by Treasurevalley92

No the point is this: if you have 1 million dollars to spend you will get a nicer home in Texas for sure, but you will pay more in Taxes on that home. This could be a big issue for someone on a fixed income and is used to paying 0.79% in effective property tax vs 1.86% in Texas which is among the highest in the country. It more than evens out if you can take advantage of the no income tax, but these folks are considering retiring here.

Might also depend on your source of retirement income - 401k withdrawals (non-Roth) are taxed as regular income by most states, I believe.

[RJ312]

Why retire here? If you have secured jobs here already, it will make sense to move here. This isn't a retirement destination. Sure, there are retirees in DFW but most aged in place. Florida and Arizona are better destination retirement places.

The Lakewood neighborhood in Dallas is a good option if you must come here.

[TurtleCreek80]

Originally Posted by RJ312

Why retire here? If you have secured jobs here already, it will make sense to move here. This isn't a retirement destination. Sure, there are retirees in DFW but most aged in place. Florida and Arizona are better destination retirement places.

The Lakewood neighborhood in Dallas is a good option if you must come here.

Dallas isn’t a retirement “destination” per se but there are a lot of great amenities for retirees her:
-moderate climate that still has four seasons
-fabulous specialty healthcare (Zale Lispshy, UT Southwestern, Baylor Heart, etc)
-hundred of organizations to volunteer with
-world class arts district, exciting restaurant scene
-middle of the country position for air travel + DFW and Love Field


A lot of my Park Cities friends’ parents have actually retired in Uptown and Turtle Creek. They love the walkability, lock & leave high rises, and being in the “scene” after so many years in family-ville.

[thenewtexan]

krum

[Treasurevalley92]

Originally Posted by TurtleCreek80

Dallas isn’t a retirement “destination” per se but there are a lot of great amenities for retirees her:
-moderate climate that still has four seasons
-fabulous specialty healthcare (Zale Lispshy, UT Southwestern, Baylor Heart, etc)
-hundred of organizations to volunteer with
-world class arts district, exciting restaurant scene
-middle of the country position for air travel + DFW and Love Field


A lot of my Park Cities friends’ parents have actually retired in Uptown and Turtle Creek. They love the walkability, lock & leave high rises, and being in the “scene” after so many years in family-ville.

Yeah, but it sounds like family is a factor for your friends, which is great, it usually is a factor. I think the point being made, or at least the point I'm trying to make, is I wouldn't consider it the ideal retirement destination on its own.

[serger]

Let's see, high property taxes, extremely high insurance rates, summer, severe weather, severe congestion, extremely expensive air travel outside of continental US. So, at least to me, not suitable for retirement.

[Treasurevalley92]

Originally Posted by kyam11

And you also get more for those taxes. Likely a much nicer community, neighborhood etc. my guess I someone who can afford a million bucks has done due diligence on property taxes.

Yes I am too good to live in a $1m house in Ca. If that is all I could afford I would work harder and make more. Don’t mistake what is acceptable to you as being acceptable to me.

You also missed my point which is someone who can afford $1m in Dallas would likely not find a $1m house in ca acceptable due to house or area.

1700sf in Torrance near the airport and flight path doesn’t appeal to most who can afford to live in ca. OP mentioned upscale. My guess is they didn’t just decide they like upscale last week

Or maybe they live in one of those "unacceptable" 1M houses in CA because they don't work as hard as you do, but figured when they move here that will get them something more upscale? Who knows lol.

Regardless of what the $1M looks like in either state, the Taxes on the $1M house in Texas will be more, thats my point.

[calgirlinnc]

Aren't people over the age of 65 eligible for more property tax deductions?

[cBach]

Retiring in DFW from CA does not compute...