Dustin Posted November 16, 2016 Share Posted November 16, 2016 Do any of you think this is a good city to retire in? Better than somewhere in Arizona or Florida? I don't hear much about retirement issues in Houston. Link to comment Share on other sites More sharing options...
Subdude Posted November 16, 2016 Share Posted November 16, 2016 I do think it is a good city in which to retire. The climate is generally good, the cost of living is low, medical care is world-class, and there is a lot to do. Whether it beats out Florida or Arizona is a matter of preference, but I sure wouldn't like either one of those. Link to comment Share on other sites More sharing options...
bajaok Posted April 5, 2017 Share Posted April 5, 2017 Texas has an financial issue for retirees. With no income tax, the equivalent tax on everyday people is property tax. Neighboring states with income tax, Income tax+property tax are very similar to texas property tax. So when you retire in Texas, you tax rate does not go down with your reduced income. Part of cost of living calculations. Link to comment Share on other sites More sharing options...
skwatra Posted April 5, 2017 Share Posted April 5, 2017 for property tax keep in mind that there are additional exemptions after you turn 65 and certain parts of the property tax freeze. Link to comment Share on other sites More sharing options...
UtterlyUrban Posted April 6, 2017 Share Posted April 6, 2017 15 hours ago, skwatra said: for property tax keep in mind that there are additional exemptions after you turn 65 and certain parts of the property tax freeze. Quite paltry when compared to several other states -most small and cold - except Georgia which ranks very high and is actually ahead of it neighbor Florida. http://www.politifact.com/georgia/statements/2015/nov/13/Kiplinger-com/georgia-tax-friendly-state-retirees/ $135k of income is excluded for income tax for a Married couple 65 and older. Property taxes are much less than here too. Texas might look good to a 60 year old freezing in the high tax tundra or suny west coast beaches. But for those folks already here, Georgia looks even better. Link to comment Share on other sites More sharing options...
samagon Posted April 7, 2017 Share Posted April 7, 2017 Hopefully, a person planning retirement will calculate taxes into their plan. Link to comment Share on other sites More sharing options...
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