• Question
  • I would like to move to FLA. and retire. I can buy a house there for cash and pay 1800 per year in

    Asked by a 66 year old man from Farmingdale, NJ on 2/24/2013

    I would like to move to FLA. and retire. I can buy a house there for cash and pay 1800 per year in taxes. Can I ??

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  • Categories: Taxes, Your Life in Retirement, Retirement Planning, Best Places to Retire, Housing

Answers

  • Editorial 

    Editorial 
    NewRetirement

    San Francisco, CA

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  • I am sorry, but I don't really understand the tax question and couldn't really give tax advice anyway.

    Florida can be a great place to retire, but you'll want to be careful about where you buy and at what price. Here are a few articles that might be useful to you about retirement in Florida:
    http://www.smartmoney.com/retirement/planning/retire-here-not-there-florida-1323299250220/
    http://www.retiringtoflorida.com/
    http://www.topretirements.com/state/florida.html

    It looks like you are in a fairly good position for retirement. However, working a little longer could really help you be more secure.

    You might benefit by consulting with a financial advisor about your plans. We are happy to offer you a free 1-on1 session with a prescreened advisor serving your zip code.
    Free consultation: https://www.newretirement.com/free-retirement-consultation.aspx

    We wish you all the best.
    http://www.NewRetirement.com

  • Login to rate this answer:   Answered on 2/24/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.