Florida is the leading retirement destination for many American seniors. The state offers many reasons for retirees to settle down, but it also has a few disadvantages that can make you think twice. Weigh the pros and cons, or at least take note of what to expect in a Florida retirement.
The Good
1. No Taxes on Income
You don’t need to go to the Bahamas for tax breaks. Social Security benefits, 401Ks, investment in stocks, even your income (if you still want to continue working) – Florida won’t take a cut of your money. The state allows you to keep all of your money, giving you more breathing space on monthly bills and providing disposable income.
It’s not uncommon to see seniors driving fancy cars, partying at night, or golfing all week. While you might not get to live the decadent lifestyle of the rich and famous, you can certainly splurge more often with all the money you save on taxes. There is a sales tax. However, at 6 percent, it falls within the average of the nation.
2. Summer Lasts All Year
There is no snow or winter season in Florida. The sun is out all year round, and temperatures rarely go below 40°F. Joint pains triggered by cold won’t be a problem, and winter blues will be a thing of the past.
You also won’t spend extra money during winter months for heating, snow clearing, or winter tires. The warm climate allows seniors to go out in the sun and engage in physical activities. The extra sunlight provides big doses of vitamin D that fortifies the immune system and allows for better calcium absorption.
3. Senior-centric Services
Florida caters to seniors. With over 20 percent of its population aged 65 years or older, public and private establishments are senior-friendly, if not senior-centric. Healthcare is one place where seniors are the primary focus.
When it comes to research and cutting-edge treatment of diseases and conditions that affect seniors, no state can rival Florida. It has more than 300 hospitals and twice the number of clinics; most of them are capable if not specialized in senior-centric medicine and treatments. There is no lack of hospital beds, and most hospitals are a stone’s throw away from residences.
The state also has several programs to encourage seniors to remain active through exercise, guided walking tours, club activities, and learning centers.
4. Golfing Til You Drop
If you played golf every week, and each time you do so in a different golf course, it will take you more than 20 years to finish Florida’s more than 1,300 golf courses. Whether you’re a beginner or a master, you can find the right course that can challenge you. Most courses will have special rates for seniors or groups.
Florida golf courses are some of the best in the world, and the PGA tour comes regularly. Opt for a few lessons if you’re a beginner, or head to a driving range weeks before your game with your buddies. No winter means you can go to the green almost every day.
The Bad
1. Mosquitoes
The constant buzzing might drive you crazy, and the bites can get irritating if you don’t use repellent. Florida is home to the most number of mosquito species in the US, with some of them as carriers of deadly diseases. Mosquito season typically lasts from June to October.
You’ll need to get screens for your windows and doors if you want to keep them off your house. Stagnant water in your property becomes their breeding ground, so make sure there are no puddles of water or containers that might hold rainwater.
2. Floods
Florida weather can sometimes lead to flooding. While it may not be common, expect major floods every ten years or so. Minor flooding might be more common unless you live in North Central Florida. Insurance that covers flooding is a must, and you might want to look into reusable aqua dams to keep your property from going under.
3. Spring Breakers
Snowbirds flock during winter, and spring breakers flock during spring. The latter can overwhelm the city when they arrive in February, making it a little livelier and rowdier. Fortunately, they don’t stay long, with most of them gone by March.
Retiring in Florida comes with a price. You’ll get bit by mosquitoes, spring breakers will get your blood pressure up, and you might experience flooding or two. However, they are a small price to pay for the tax breaks, the superior healthcare, and all the fun activities you can do in the sun.