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Topic: Where To Retire?

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longhorn320

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Re: Where To Retire?
« Reply #112 on: Today at 12:51:54 PM »
Matagorda would be a great place if it wasnt for an occasional hurricane.  I would recommrnd Texas but a little further inland
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847badgerfan

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Re: Where To Retire?
« Reply #113 on: Today at 02:17:37 PM »
What are the tax rules in California for retirement?
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847badgerfan

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Re: Where To Retire?
« Reply #114 on: Today at 02:19:29 PM »
I'm here for a quick visit in Sun Lakes, AZ where my MiL lives. Been in Cabo for 10 days and now here for a short.

My lips are bleeding. So f'ing dry in both places.
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Brutus Buckeye

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Re: Where To Retire?
« Reply #115 on: Today at 02:38:31 PM »
Prescott would probably be a good AZ situation. It's between Phoenix and Flagstaff, and kind of has all the positives of each, without all the negatives of each. 

FearlessF

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Re: Where To Retire?
« Reply #116 on: Today at 02:57:21 PM »
I'm here for a quick visit in Sun Lakes, AZ where my MiL lives. Been in Cabo for 10 days and now here for a short.

My lips are bleeding. So f'ing dry in both places.
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847badgerfan

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Re: Where To Retire?
« Reply #117 on: Today at 03:47:42 PM »
Doesn't work.
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medinabuckeye1

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Re: Where To Retire?
« Reply #118 on: Today at 03:58:05 PM »
Sure, but it's all relative. Incomes are high out here, so it's easier to amass the sort of nest egg necessary to afford someplace like that.
Incomes are higher and that matters if you are 22 and starting your career but this thread was about retirement so it seems to me inherent that your income earning days are behind or at least mostly behind you.  

The really smart thing financially would probably be to work in a high cost/income area like SoCal then retire in a low cost/income area like Ohio.  

medinabuckeye1

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Re: Where To Retire?
« Reply #119 on: Today at 04:06:32 PM »
Retire where you will walk a lot.
I think the impact of this is nearly impossible to overstate.  I will say, however, that it isn't necessarily weather driven but that can obviously impact it.  From my experience:

My dad was a 45 year smoker who had his first heart attack at 60 and had progressively worsening heart issues after that.  Despite (or possibly because of) that and despite living in an area where it is cold in winter he joined the local Recreation Center, signed up for their "Silver Sneakers" senior walking group and kept himself active and walking up until his dementia/Alzheimer's go so bad that he couldn't drive.  Then he couldn't go to the Rec Center and to make it worse this was all in the middle of COVID when we had to distance anyway and his dementia was so bad that he had to be supervised at all times.  

My point is that despite his heart issues he kept himself reasonably physically healthy until his dementia got so bad that he couldn't.  

My mom, on the other hand is the exact opposite.  My dad tried for YEARS to get her to go along with him to the Rec Center but she always had some excuse why she couldn't and even though she never smoked and doesn't have any heart issues she deteriorated MUCH worse than my at a similar age.  Then this all came to a head two years ago:

My mom had a broken vertebrae in early 2024.  She has osteoporosis so it wasn't from any trauma it "just happened".  Anyway, the Doctor told me (I'm the PoA) that she 'had to' have surgery because the broken vertebrae was pressing on her spinal cord and if they didn't operate she could become a paraplegic.  

By early 2024 my mom was 79 and not walking all that well but still walking.  She literally walked in for the surgery but she hasn't walked since and, realistically, never will again because the recovery was a disaster and she repeatedly 'refused' PT.  I finally stepped in and went off on the Physical Therapist telling them that she couldn't 'refuse' without my permission.  It was too late.  Now she is what the Nursing Home calls a "Hoyer Lift" because they have to use a thing that looks like an engine hoist to me (I'm a car guy) to get her in and out of bed and when she does get out it is only to a wheel chair.  

Honestly if I had it to do all over again I'd have told the Doctor that we were going to risk it and pass on the surgery.  Given her condition today, she isn't a paraplegic but she might as well be.  

I have two important pieces of advice to share with the group based on this experience:
  • I agree wholeheartedly with @Cincydawg :  Retire where you will walk a lot.  Living somewhere like Atlanta may make that easier but you CAN do it even in a place like Cleveland, my dad did.  
  • YOU are responsible for your own healthcare so DO THE PT.  If you have an elder relative in PT, MAKE SURE THAT THEY DO IT because if you stop moving, you'll lose the ability to move and if that happens at 30 you could probably get it back but if it happens in your 80s you are done.  


medinabuckeye1

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Re: Where To Retire?
« Reply #120 on: Today at 04:08:46 PM »
It is closer to Havana than it is to Miami.
I assume you've driven it but for anyone who hasn't, @OrangeAfroMan is right.  If you are driving to Key West, you *THINK* that once you get to Miami you are "almost there".  Oh no.  The drive from Miami to Key West takes forever.  I just checked google.  Mallory Square (in Key West) is 4.5 hours from Miami.  That is almost as long as it takes to get from the GA/FL line to Miami.  Seriously, google says 6.5 hours from the Florida Welcome Center (free OJ) to Miami but they drive slow.  It is only 381 miles and it is all I95 so as long as you don't hit bad traffic somewhere you can do it in 5.5 and I've actually done it in 4 flat (don't tell Florida Highway Patrol because if you do the math on that it is averaging a bit more than the posted speed limits).  

medinabuckeye1

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Re: Where To Retire?
« Reply #121 on: Today at 04:16:21 PM »
Not sure why you'd need two places incl. one in Phoenix if one of them isn't someplace like Maine where it's cold...

The thing that we often forget about when we think of retirement is... You don't need to live somewhere that you have to consider your job!

A place I'd be interested in would be the central coast of CA. As an example, here is from Zillow, 3bd/2ba or higher, single family homes, max price $750K, centered around the Paso Robles area:
[img width=500 height=377.983]https://i.imgur.com/Nw2ESI3.png[/img]
It's not walking distance to ocean, of course... But Paso Robles is a more vibrant town in its own right, with great dining options, lots of wineries in the area... I could absolutely see us retiring in Paso. It's not cold enough in the winter that you need to leave, and although it can get a LITTLE toasty in the mid-summer, it's nothing like Phoenix where you'd be hating life every day either.

And this one in Morro Bay is cozy, walking distance from the ocean, but needs a reno badly... https://www.zillow.com/homedetails/466-Zanzibar-St-Morro-Bay-CA-93442/15439625_zpid/
I'm sure I've mentioned that I had a Rose Bowl trip following my school just like you followed Purdue.  Mine was for the 1997 Rose Bowl (1996 season) and was with my parents and brother.  

The map that you posted here reminded me of it because we got to LA a few days early and drove up 101 along the coast as far as we could get in a day.  We made it to San Simeon and Hearst Castle which is on your map here.  We also stopped at Morro Bay for lunch.  Anyway, if you've never been, I highly recommend it.  Hearst Castle was built by the famous newspaper magnate and to say that they spared no expense is a massive understatement.  On the tour I saw things that I *THOUGHT* were reproductions of roman statues.  They weren't reproductions, Hearst sent agents to Italy to BUY original Roman statues.  The amount of money spent to build the place is insane.  For starters there wasn't a road at the time so step one was to build a dock, then a road from the dock up to the site where they built the mansion.  Insane.  Cool to see.  

Morro Bay was a fun stop as well.  It is basically a fishing village that grew.  They also have this ENORMOUS rock in the middle of the bay called Morro Rock.  It is reminiscent of the Rock of Gibraltar.  I think you have a point, that would be a pretty nice place to retire to.  

utee94

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Re: Where To Retire?
« Reply #122 on: Today at 05:10:06 PM »
    YOU are responsible for your own healthcare so DO THE PT.  If you have an elder relative in PT, MAKE SURE THAT THEY DO IT because if you stop moving, you'll lose the ability to move and if that happens at 30 you could probably get it back but if it happens in your 80s you are done. 


Amen brutha.  My wife, the PT, agrees.

MikeDeTiger

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Re: Where To Retire?
« Reply #123 on: Today at 05:29:02 PM »
The really smart thing financially would probably be to work in a high cost/income area like SoCal then retire in a low cost/income area like Ohio. 

That's why, in a vacuum, I'd probably look to retire in Louisiana.  Working in Texas is comparatively good as a married man in a dual-income household, because there's no state income tax (and no grocery tax, which is nice).  In my home state, we'd both get hit with state income tax, which more than offsets the high property taxes here.  

However, in retirement when we no longer care about income tax, the brutal (comparatively) property taxes in Texas never stop.  Louisiana has property tax, but with homestead exemption, practically they don't.  It's next to nothing.  

Doubt I'd ever get my wife to agree to move there, though.  She wants to be poor in retirement.  Probably why she married me.  

betarhoalphadelta

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Re: Where To Retire?
« Reply #124 on: Today at 05:31:18 PM »
I think you have a point, that would be a pretty nice place to retire to. 
Yep, and per your previous post, there's a BIG difference between retiring as a Californian to a less expensive part of California, vs retiring as a Midwesterner to a comparatively really expensive place like California, even if it's not the most expensive area of the state. 

If you've been living and working in CA and have been on the real estate rollercoaster for a couple of decades, you've been earning a lot and paying a lot to be here. But... You've been building equity. Potentially LOTS of equity. 

Had I been able to keep the house I bought in 2010, I'd probably be sitting, right now, on 3-6x the equity someone like Fearless has in his house. And that's despite the fact that (I believe) he owns his free and clear and I'd still be paying a mortgage. 

The takeaway is that if I'd been in that position, 20 years from now I could easily use the equity I'd built up to buy a place in Paso Robles in cash and have something left over. Whereas someone from the Midwest could be free and clear on their house and need to take out a several-hundred-thousand mortgage to retire in Paso Robles. 

I feel WAY better about my current financial situation as it relates to retirement than I did 12 months ago, but I'm still not on the real estate rollercoaster. That has to be another important step, but right now the market is f&%^#d and I don't know what it's going to do. I don't want to buy right before a crash. 

 

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