U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old Today, 07:46 AM
 
Location: Forests of Maine
30,399 posts, read 48,752,959 times
Reputation: 18641

Advertisements

Quote:
Originally Posted by MrsLakota View Post
A few questions come to mind. Are you going to be ok when you age and cannot produce your own food? Hopefully you also receive Social Security? Maybe some medical benefits through your former job? Your choices of a low COL area seem very wise. We are currently open to moving to Oregon for that very reason
Quote:
Originally Posted by StealthRabbit View Post
Oregon is NOT LCOL or Low taxes for retirees.
https://www.registerguard.com/rg/new...irees.html.csp

Portions of OR are more affordable, but the similar places in WA (income tax free) may be better, as is ID, MT, NV, and SD
When I was approaching my mandatory retirement I was stationed on two subs homeported there at Subase Bangor. We owned a home in Bremerton, and for 4 years we searched for an appropriate place where we would be comfortable to retire.

I have had many co-workers who bought their 'retirement homes' and who shared their experiences with rising property taxes.

We met realtors and look at many properties on the Olympic Penninsula, I have had friends who settled in Port Angeles, we really liked the Greys Harbor area. We spent one year's vacation time touring Vancouver Island talking about buying a home up there. I have fond memories of touring Squamish BC looking for a place for us to settle. There were a couple sub-divisions along the border with Canada in Eastern Washington with 100-acre parcels that we looked at. I came across a silver mining claim outside of Elko NV that was for sale, we spent a week camping at that site. But in the end, we were never confident that my pension was going to be enough to support my family if we settled in the PNW.

We finally decided to retire in Maine. 18 years later I am confident that we made the right decision for us.

As a native of California, I find Maine is a lot different than California. But I like the differences.
Reply With Quote Quick reply to this message

 
Old Today, 09:22 AM
 
Location: Grosse Ile Michigan
26,018 posts, read 61,728,247 times
Reputation: 29360
In our community long time retirees are unable to pay their property taxes. Between pension, savings and SS, they seemed to have plenty of money for retirement (at 1979 prices), however they surprised themselves by living for 30 or more years after retirement and now the money is gone, or simply does not go far enough to cover the bills. The Township just lets it go. When the retirees die, the township steps in and takes the taxes out of the proceeds of the sale of the property. It is not beneficial to the township to have a bunch of retirees kicked out of their homes and a bunch of tax foreclosures on the market. It makes sense.
Reply With Quote Quick reply to this message
Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top