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12-05-2007, 10:09 AM
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Senior Member
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Join Date: Jun 2006
Location: Midwestern America
1,281 posts, read 1,461,305 times
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Why do retirees choose Maine over other States for retirement?
It seems to me if a retiree has more than $18,250 in earnings a year that they would choose New Hampshire or another State that would not tax them at 8.5%, which is where the tax rate lands when you earn over the $18,250 in salary or investment earnings from those stocks. Yet tons of retirees are moving to Maine. Are they living on SS and pensions? Do they have no earnings from their investments to tax?
So exactly why are so many retirees choosing Maine over their neighbor New Hampshire I wonder? Anyone have any insight on this subject?  |
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12-05-2007, 10:23 AM
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Member
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Join Date: Jan 2007
94 posts, read 55,236 times
Reputation: 91
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Quote:
Originally Posted by TootsieWootsie
It seems to me if a retiree has more than $18,250 in earnings a year that they would choose New Hampshire or another State that would not tax them at 8.5%, which is where the tax rate lands when you earn over the $18,250 in salary or investment earnings from those stocks. Yet tons of retirees are moving to Maine. Are they living on SS and pensions? Do they have no earnings from their investments to tax?
So exactly why are so many retirees choosing Maine over their neighbor New Hampshire I wonder? Anyone have any insight on this subject? |
Life is not always about money. The beauty and wonderful people in Maine have a value that isn't necessarily measurable in dollar terms but certainly make me choose Maine over New Hampshire. Not that there's anything wrong with New Hampshire.
Alan |
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12-05-2007, 10:41 AM
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Not a member
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Join Date: Sep 2007
Location: South Orange County
265 posts
Reputation: 48
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Quote:
Originally Posted by TootsieWootsie
It seems to me if a retiree has more than $18,250 in earnings a year that they would choose New Hampshire or another State that would not tax them at 8.5%, which is where the tax rate lands when you earn over the $18,250 in salary or investment earnings from those stocks. Yet tons of retirees are moving to Maine. Are they living on SS and pensions? Do they have no earnings from their investments to tax?
So exactly why are so many retirees choosing Maine over their neighbor New Hampshire I wonder? Anyone have any insight on this subject? |
I'm curious. Where did you get your data? |
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12-05-2007, 10:48 AM
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See ya'll in the Spring
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Join Date: Aug 2007
Location: WV and Eastport Maine
1,053 posts, read 585,726 times
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Life is Maine is the way we like it. We will have two pensions and initially one social security payments. A couple more years and we'll have two social security payments. We also have an investment account. We like Maine better than New Hampshire.
It's not always about money, it's about personal choice.
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12-05-2007, 10:54 AM
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Senior Member
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Join Date: Jun 2006
Location: Midwestern America
1,281 posts, read 1,461,305 times
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Parrotpaul: If you go to retirementliving.com and click on Taxes by State, you can find any tax information about any State you wish. FYI.
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12-05-2007, 10:55 AM
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Senior Member
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Join Date: Mar 2006
505 posts, read 530,815 times
Reputation: 241
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Quote:
Originally Posted by TootsieWootsie
So exactly why are so many retirees choosing Maine over their neighbor New Hampshire I wonder? |
lots want to be on or near the coast. There's a heck of lot more coastline to choose from in ME....  |
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12-05-2007, 10:56 AM
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Not a member
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Join Date: Sep 2007
Location: South Orange County
265 posts
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Sorry, it isn't the tax data that interests me, it's more about your statement about tons of retirees choosing Maine over NH.
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12-05-2007, 06:01 PM
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Waiting Impatiently to Move Home
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Join Date: Nov 2006
1,865 posts, read 1,202,333 times
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As the others have stated, life isn't always about money. The Maine way of life, all of its beauty, the friendly people, and yes reasonable cost of living, make Maine very desirable for active retirees.
I like New Hampshire, but Maine will always be home.
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12-05-2007, 06:10 PM
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Senior Member
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Join Date: Jul 2007
Location: Down East Maine
215 posts, read 139,186 times
Reputation: 350
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lifestyle
Maine is a lifestyle choice (personal opinion : ))
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12-05-2007, 06:50 PM
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Senior Member
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Join Date: Sep 2006
Location: Maine
5,031 posts, read 3,196,769 times
Reputation: 1708
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Quote:
Originally Posted by MaineMathTCHER
Maine is a lifestyle choice (personal opinion : ))
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I've made this statement several times - it's a lifestyle change, not just a change of scenery. You have to know exactly what you're looking for. It certainly is NOT right for everyone, and it's the only place on Earth that is right for some!
I loved the statement I saw on a documentary recently: "From Away is a Maine centric phrase. There's Maine, and then there's everywhere else!" |
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