Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Looking for Retirement Community - MD or PA
Old 06-09-2018, 04:47 PM   #1
Recycles dryer sheets
 
Join Date: Feb 2011
Location: Nottingham
Posts: 137
Looking for Retirement Community - MD or PA

We are in our second year of early retirement. Looking to go from a multi story to a rancher, from mowing and shoveling to enjoying the seasons.

We visited family in FL and loved the so many 55+ communities available - decent price, great weather, taxes were ok. But because of family, we ain't moving far from current home near Baltimore.

So ... was hoping some feedback on retirees who have moved into retirement community/55+ community in the MD or PA area - looking for affordable, healthy retirement lifestyle.

Thanks

Kannon
__________________

kannon is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-09-2018, 07:19 PM   #2
Recycles dryer sheets
 
Join Date: Nov 2017
Location: solomons
Posts: 104
Taxes are JUST OK in FLA and you think MD is better BWAHAHHA One of the worst states for taxes

I also am in MD too and do not want to have MD hit my pensions when i retire next year.

You dont think we have to shovel snow in MD, you live here? Sorry but i'm confused.....

We have thought about DEL and then being snowbirds...... Good tax state....
__________________

f35phixer is offline   Reply With Quote
Old 06-10-2018, 04:34 AM   #3
Thinks s/he gets paid by the post
 
Join Date: Jun 2017
Location: Western NC
Posts: 1,209
Plenty of retired Navy around Annapolis.
ncbill is online now   Reply With Quote
Old 06-10-2018, 05:23 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Jan 2018
Location: Tampa
Posts: 3,597
Quote:
Originally Posted by f35phixer View Post
Taxes are JUST OK in FLA and you think MD is better BWAHAHHA One of the worst states for taxes

I also am in MD too and do not want to have MD hit my pensions when i retire next year.

You dont think we have to shovel snow in MD, you live here? Sorry but i'm confused.....

We have thought about DEL and then being snowbirds...... Good tax state....
+1 on DEL if you wish to be near MD and have ruled FLA out.
FLA has no state tax. Property tax is about average. Tampa has had one quarter inch snow in the last century.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 06-10-2018, 07:12 AM   #5
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 4,961
Southern DE is much like the geography of next-door neighbor MD. I worked with someone who retired there. It was a new home, in a retirement community (not sure of the name). He was near a fresh water lake, and enjoyed a small boat for many years.
- No sales tax and excludes inheritance and personal property from being taxed.
- Social Security benefits are not taxed.
- Up to $12,500 of retirement income is tax exempt for those who are 60 years of age or older.
- Real estate taxes, including school taxes are very low.
target2019 is offline   Reply With Quote
Old 06-10-2018, 07:28 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
MRG's Avatar
 
Join Date: Apr 2013
Posts: 7,874
One note about PA. It has a inheritance tax that you should understand if your planning on staying.
MRG is online now   Reply With Quote
Old 06-10-2018, 02:16 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,226
Quote:
Originally Posted by MRG View Post
One note about PA. It has a inheritance tax that you should understand if your planning on staying.
Additional note, PA does not tax SS and most retirement plan distributions. If 1099R box 7 code is a 4 or a 7 (with no "D"), income is not taxed by PA.
RE2Boys is offline   Reply With Quote
Old 06-10-2018, 04:38 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru, il
Posts: 5,912
Re: Retirement Communities...

Before deciding on location, important to learn about the kinds of communities.
There are vast differences between an interim community, which could be and active over 55 community that is young and vibrant, and one that is more or less a final move kind of retirement. Large communities like "The Villages" cater to many different lifestyles... active or not. Other smaller communities.. may be mostly active, or in some cases mostly older. The second part of this is the question of moving to a CCRC that offers both activities and then, as one ages, the "care" part of CCRC could become important. We now live in a CCRC that offers both regular homes, and then apartment, assisted living, and nursing home and Alzheimers' facilities. To get an idea of what this kind of community offers you might search "simply the finest". There are increasing numbers of this all included lifestyle operation.

Retiring in the 50/60 year age groups can mean a move later on, in the coming 30 years, when priorities change. We did both... retiring in a Florida over 55 park, where beach trips, boating, cruises and partying, were the way of life, then 15 years later, moving to a CCRC when we needed fewer activities and realized that the lifestyle we wanted was more relaxed, and where any future moves could let us go from our regular home, to apartment living with meals, travel, utilities, and activities all included in one low monthly fee, and knowing that should future care become necessary, alternative parts of the CCRC would be available.

Point being... many different options available, and suggesting that no decision be made on the basis of visiting a small number of communities, but that much time should be spent in visiting and talking to residents, especially avoiding guided tours.

The reason I mention this, is because although we made a quick, lucky choice of a community in Central Florida, and were very happy there... we later had a large influx of new residents who had made choices nearby, only to find that they had made a mistake.

If you are looking for an active lifestyle, don't base your decision just on finding a nice home, because with more time to enjoy life, (not working)... people become more important than the kind of house you live in.
imoldernu is offline   Reply With Quote
Old 06-10-2018, 04:40 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 4,202
DE or WV (Martinsburg/. Harpers Ferry area) is where some choose to go.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 06-11-2018, 04:32 AM   #10
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 4,961
Here is a site with tax calculations, by state.
https://smartasset.com/retirement/retirement-taxes
Most states do not tax SSA income? Was not aware of that.
Advantages can be taken away, or added, as state legislature and governor decide.
For example, NJ increased the pension exclusion last year.
target2019 is offline   Reply With Quote
Old 06-11-2018, 10:52 AM   #11
Recycles dryer sheets
Out of Steam's Avatar
 
Join Date: Mar 2017
Posts: 280
Quote:
Originally Posted by f35phixer View Post
TYou dont think we have to shovel snow in MD, you live here? Sorry but i'm confused.....
There are plenty of places to live where they'll shovel the snow for you. You don't need to live in an 7 month a year blast furnace to avoid shoveling.
__________________

Out of Steam is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Retired 60 year olds looking for good 55+ community in Florida mrsbusto Hi, I am... 16 11-05-2010 10:17 AM
Looking for info on FERS early retirement David1961 Young Dreamers 22 04-07-2009 07:34 PM
Looking for Retirement Heaven? I've found it!! sky Life after FIRE 77 06-12-2005 07:42 AM

» Quick Links

 
All times are GMT -6. The time now is 01:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.