Florida’s attractiveness as a retirement destination needs little trumpeting. The state’s tremendous positives — its beaches, temperate climate and retirement-oriented infrastructures such as superb healthcare — are excellent lynchpins in any decision to become a Florida retiree. There are more benefits besides the obvious ones, however. Consider these additional perks to a Florida retirement.
Tax Breaks
We don’t mean additional deduction lines on your tax forms. We mean NO state income. NO inheritance tax and NO estate tax. Florida is one of seven states that don’t levy state income tax. But, those of you who itch for every possible deduction still get to fill in certain line items. In Florida, you can claim deductions for…show more content… From property and housing prices, to everyday necessities such as food and clothing, your dollars generally go farther in Florida than in many U.S. states. That means your money can work harder and better, particularly if you’re a Florida retiree on a fixed income. There are fewer budget hogs such as expensive commuting costs, and more reasonably priced alternatives to essentials such as groceries. The money you save on cost of living items mean more margin for the really fun stuff!
No Shortage of Activities
With its natural beauty and conducive climate, Florida is one giant playground for retirees who are outdoor enthusiasts. Pick your game or recreational outlet, and there’s a field course or trail for it. Did we mention 1,350 miles of coastline? The fishing? How about golf? ICI Homes offers two top-notch communities sought after by active, involved retirees. Amelia National Golf & Country Club in Fernandina Beach and Plantation Bay Golf & Country Club in Ormond Beach provide residents with the expected amenities along with community-building monthly events and socials.
