Olbidness
Recycles dryer sheets
I've lived in Texas most of my adult life but the hurricanes are getting tiresome.
Harvey has convinced me that it's time to at least think about some options since retiring this past July. I mentioned that I want to move to my mom and she suggested I move back to my hometown in northern Illinois, not exactly the garden spot of the US. Every poll shows Illinois as a poor choice for retirement from a taxation perspective, not to mention, crime, weather. When I look at the state tax rate for retirement assets it's zero. I'm sure other taxes are somewhat higher than average property tax being one.
Mom has a condo that she had planned on selling to do a buy-in on a CCRC. She said she could keep it and I could live there and just pay the taxes and insurance. I told her that if we were to go that route the only way I'd do it would be to pay a market-rate rent. The condo is only worth about 50K and I could easily afford to buy it, but that makes me a Illinois resident. The condo is easy to lock and leave so it wouldn't hinder my travel plans. It offers easy access to O'Hare airport which is a major plus.
Where I live has always been dictated by my job so this feels very strange to me.
Harvey has convinced me that it's time to at least think about some options since retiring this past July. I mentioned that I want to move to my mom and she suggested I move back to my hometown in northern Illinois, not exactly the garden spot of the US. Every poll shows Illinois as a poor choice for retirement from a taxation perspective, not to mention, crime, weather. When I look at the state tax rate for retirement assets it's zero. I'm sure other taxes are somewhat higher than average property tax being one.
Mom has a condo that she had planned on selling to do a buy-in on a CCRC. She said she could keep it and I could live there and just pay the taxes and insurance. I told her that if we were to go that route the only way I'd do it would be to pay a market-rate rent. The condo is only worth about 50K and I could easily afford to buy it, but that makes me a Illinois resident. The condo is easy to lock and leave so it wouldn't hinder my travel plans. It offers easy access to O'Hare airport which is a major plus.
Where I live has always been dictated by my job so this feels very strange to me.
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