Typical homeowners insurance covers wind and rain, but not flooding. Florida newcomers tend to brace themselves for a lot of visitors from the north. But, some transplants say, that wears off after initial visits to Florida by your siblings or your adult kids. Skip to header Skip to main content Skip to footer. Home retirement. A lot. Getty Images. Better Check. Retirees, Get Tech Savvy for the Grandkids.
But the days of selling and immediately repurchasing virtual currencie…. November 12, Time to take stock of your savings and tax-planning opportunities. Tax Breaks. If your income isn't too high, contributing to a retirement account could help you lower your tax bill now.
November 11, Although the tax rates didn't change, the tax bracket income ranges for the tax year are adjusted to account for inflation. November 10, Most Popular. February 25, You can get coverage from the National Flood Insurance Program. You may also be able to find flood coverage from private insurers, which may have higher limits than the federal program. The availability of coverage and cost of premiums can vary a lot by insurer in Florida. The Florida Office of Insurance Regulation has a great Rate Comparison Tool that provides premium estimates from insurers in your county.
You can find an independent agent in your area who works with many companies and knows the local marketplace at TrustedChoice. They might also eat into your budget. For instance, dealing with termites is just part of the routine for Florida homeowners. Of the top 25 U. Then there are the rats -- on the beach, in the trees, and perhaps on your roof, too.
Yes, they are the same rats you know and loathe; they've just adapted to the climate and are called, among other things, palm rats and roof rats.
Oh my. Florida has an estimated 1. Alligator attacks are rising partly due to rising temperatures, development, and people visiting their habitat more frequently, Florida Fish and Wildlife Conservation Commission experts say. Alligator attacks have increased from about six each year in to about 10 per year from through , according to the FWC. Panthers , the state animal of Florida, are another tale. While there have been no documented panther attacks on humans, they do dine on pets and livestock.
An easy-to-reach beach. Not so. Those world-famous theme parks? The east and west coasts of Florida are very different -- as different as the Gulf of Mexico and the Atlantic Ocean. North Florida features vast stretches of rolling hills and countryside. Sarasota has plenty of beaches, and the small city moves a bit slower than some of the larger towns in Florida. There is a wide array of restaurants and stores in St.
Armands Circle, the island shopping center. Another bonus: access to the Sarasota Memorial Health Care system, which is one of the largest medical centers in Florida.
Check out Gainesville , home of the University of Florida. But bear in mind that Gainesville is deep in the heart of Florida, 75 miles from any beaches. According to data from SmartAsset, roughly , people ages 60 and older actually moved to their top 10 retirement destinations between and their top 10 destinations varied slightly each year, based on the number of actual people, within this age group, moving.
While Florida, as a percentage of people moving within those retirement destinations, has seen a decreasing trend, other states still lag very far behind. For example, in , One of the biggest is taxes. There is also no inheritance or estate tax in Florida, allowing you to leave more for your heirs. To make up for some of the lost revenue, Florida does rank 23rd in highest sales taxes—their combined state and local sales tax average is 7.
According to Zillow. Being a full-time resident can also help further reduce your property tax bill. The exemption applies to all taxes, including those for school districts. Given that the tax savings automatically renews each year, the homestead program can help save homeowners several hundred dollars annually. Since housing expenses are the biggest expenses for retiree households, Florida can help many people especially those relocating from more expensive states reduce this expenditure.
The loss of power after a major storm is the real problem. So those who have a place in Florida and another place in the mountains seem to have the best of both worlds in my estimation. My advice to any retiree is to do your homework and find a place that fits your life style, comfort level and income. Florida is not for everyone.. Hello Chris, Thanks for sharing your thoughts, you make some very good points. Just a few thoughts….
Florida is not a highly rated state according to quality of life ratings such as crime rates, healthcare, etc. I agree with this assessment. What isnt discussed is the much longer range for florida real estate prices given escalating global warming, increased hurricane activity and severity, flooding, fresh water supplies ruined by salt water infiltration etc. The cost of and eventual impossibility to insure the home, etc etc……. Id say given a 20 year time horizon if you buy SOUTH florida property, either coast, you better expect toward the end of that time frame your property will be worthless and there will be mass climate change out migration of floridians.
My opinion. I absolutely agree. I moved here 3 years ago and I do love some things about Florida. Winters here are spectacular but the days are shorter. So the best part of the year is the shortest lived.
The seafood is spectacular. I have not found the area to be that friendly and I hate the SEC! I am ready to move back to the Midwest! Intriguing article. Nor does it address the current political climate. Finding medical care will be a huge problem — HUGE! And there are few services for the disabled though Florida tries to present otherwise.
I have been here a total of 6 months. Jobs: it is pretty easy to find a job. It is not so easy to keep it. Means you can get fired for virtually any reason no job security.
In 4 months on the job, 3 people have been let go where I work. Low wages compared to certain other states. Driving conditions: people let out their anger and frustration on the road.
Speed demons. Tailgating is the norm, thus, many accidents. However, little, if any, honking Central Fl. Living conditions: depends. Choose from gated newer cookie-cutter developments, to non-gated older communities. Housing prices have increased sharply in the past 7 years. House prices vary. People: I thought they would be friendlier. I have found more than a few men willing to fight with women- domestic violence is big here.
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