Besides not having a state income tax, Florida also doesn’t collect inheritance and estate taxes. For those with large estates or planning to leave an inheritance, Florida provides great opportunities to reduce not only your own lifetime tax bill, but also those of your loved ones.
There are 45 communities in which residents are strictly 55 years old and up. This allows retirees to live in a community of their peers who have similar life experiences and lifestyles. Real estate prices greatly vary from community to community, with some having homes going from $400,000 to $1,500,000 to communities with more humble prices in the $100,000s, and everything in between. There’s a little something for everyone, and living in such a community would ensure you are surrounded by a close-knit support structure as you venture into your golden years.
The above-mentioned are the key things to consider when choosing Sarasota to retire as they will have the greatest influence on your bank account and health. But, we definitely shouldn’t write off the more traditional factors as to why people love Sarasota, Florida – factors that drastically improve one’s mental well-being once the health and money issues are resolved.
With Florida’s tax advantages for seniors, Sarasota’s medical infrastructure, and a warm, easy climate with pristine nature to top it off, it simply makes sense to retire to Sarasota, Florida. Reach out to us today to start the path of a stress-free retirement in the best place to retire!