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I have been looking at North Carolina for my retirement (in about 10 years). I love the housing and I love that winters are relatively mild to Massachusetts.
What I will be looking for is
- a home to own. Such as a garden condo. Hopefully with underground parking and an elevator. Hopefully top floor and not too high.
- to the extent possible I would like maintenance free.
- Such a home will need to allow pets.
- Probably would like an urban area. I realize that isn't like Manhattan.
- Would like to be close (within 30 miles) to a major medical center / airport.
- Weird request but I hate losing power and I always have to worry about it here in MA. So if there were like underground power lines that would be a plus.
Other than that I don't have too many requirements. It is just me so I don't need a lot of space.
Can someone help me target the proper areas? Everyone tells me Durham or Chapel Hill but frankly... at the moment they seem very sparse and I don't love them.
We have underground lines in my neighborhood and I'm sitting here without power right now...after half an inch of snow. The lines gotta come up somewhere so you may lose power at some point.
Agree that 10 years is way too far out in an area changing as rapidly as this one.
I have been looking at North Carolina for my retirement (in about 10 years). I love the housing and I love that winters are relatively mild to Massachusetts.
What I will be looking for is
- a home to own. Such as a garden condo. Hopefully with underground parking and an elevator. Hopefully top floor and not too high.
- to the extent possible I would like maintenance free.
- Such a home will need to allow pets.
- Probably would like an urban area. I realize that isn't like Manhattan.
- Would like to be close (within 30 miles) to a major medical center / airport.
- Weird request but I hate losing power and I always have to worry about it here in MA. So if there were like underground power lines that would be a plus.
Other than that I don't have too many requirements. It is just me so I don't need a lot of space.
Can someone help me target the proper areas? Everyone tells me Durham or Chapel Hill but frankly... at the moment they seem very sparse and I don't love them.
Are you looking to buy your retirement place now and hold it for 10 years while you wait to retire? If so, there are condos like you mention in/near downtown Raleigh and near North Hills that fit your description. However, they do not come cheaply.
In ten years, there will likely be even more options to choose from since the entire area is growing so rapidly. In that time span, the Triangle will likely have a half million more people and the city centers of Raleigh, Durham, Chapel Hill and even Cary will likely have even more choices than now.
Are you looking to buy your retirement place now and hold it for 10 years while you wait to retire? If so, there are condos like you mention in/near downtown Raleigh and near North Hills that fit your description. However, they do not come cheaply.
In ten years, there will likely be even more options to choose from since the entire area is growing so rapidly. In that time span, the Triangle will likely have a half million more people and the city centers of Raleigh, Durham, Chapel Hill and even Cary will likely have even more choices than now.
I figured I should check it out in person and if I liked it I would buy and rent it out so that I wouldn't get stuck with a big real estate appreciation. If NC turns out to be not for me I would look elsewhere. It isn't crucial that I stay in a downtown garden non maintance building but... that was the dream.
Why do people feel NC is not retiree friendly?
When I get those " 10 best places to retire " lists I usually think they are insane. Usually they have places where snow / cold weather is possible. And to me that seems like a disaster for an elder.
I figured I should check it out in person and if I liked it I would buy and rent it out so that I wouldn't get stuck with a big real estate appreciation. If NC turns out to be not for me I would look elsewhere. It isn't crucial that I stay in a downtown garden non maintance building but... that was the dream.
Why do people feel NC is not retiree friendly?
When I get those " 10 best places to retire " lists I usually think they are insane. Usually they have places where snow / cold weather is possible. And to me that seems like a disaster for an elder.
Tax changes removed exemption on pension income except social security.
Tax changes removed exemption on pension income except social security.
There is estate tax.
No property tax breaks for retirees.
Very uncaring Republican legislature.
We were here with Pensions and SS before and after Tax changes and the impact was if anything lowering our tax rate. It was a 4k exemption so the higher the pension the less impact the exemption had. With the lower tax rate we ended up better off as the projections suggested. The impact differs with the state you retire from. If you retire from a state like Mass with all pension and probably a higher multiplier because of no SS your entire income will be taxed. If you come from another state with the same income but part of it being pension and part SS you will pay less.
We were here with Pensions and SS before and after Tax changes and the impact was if anything lowering our tax rate.
Yeah he just makes things up to get a rise.
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