Retirement towns along the virginia and maryland coastline

[fawltynote]

Originally Posted by lancers

I spent a very cold and very windy weekend down there one December. Weather was about the same as my neighborhood in Monmouth County NJ. I moved to Durham NC and while the weather is a lot better in the winter than the NYC Metro area it does get a bit cold now and again. Not bad though. For guaranteed heat in the winter months I think you need to head to Fla.

Thanks for the advice and I'm not afraid of cold weather but I think NC might be a good climate for me.

[lenora]

Originally Posted by North Beach Person

Keep in mind that Maryland taxes pensions except for a very narrow exemption for some retired military.


Also, not much of Maryland left between Ocean City and Virginia Beach.

Not exactly. Maryland will exclude from taxation income up to $29,000/year received from pension and Social Security benefits. IRA distributions do not qualify for the exclusion. Still, for the average retiree, that's pretty good.

[Escort Rider]

Originally Posted by fawltynote

I'm going to retire in the next 5 to 10 years and I live near Philly so I want to relocate to a warmer climate. Most of my family and friends live in the northeast so the Florida weather may be great but I would prefer to live no more than a few hours away by car. I was thinking somewhere between Ocean City Md. and Virginia Beach Va. but I have considered the Outer Banks. Affordable housing in a smaller population is my goal and I would prefer bayside living over the beach. I hope to get some welcome advice so thanks to everyone.

What does "affordable housing" mean to you? The term is so vague that it doesn't mean anything to me. Affordable depends on what one is used to, as well as the resources one has. It would be more helpful to state a price range for home purchase that you need, or a range of monthly rental prices if you are interested in renting.

In California at least, "bayside living over the beach" is totally incompatible with the notion of affordability for the simple reason that lots of people would like it. It's a simple matter of supply and demand. It will be interesting to see if the Atlantic coast is somehow different.