5 Best Places to Retire in Florida | Retirement Planning
Florida’s population swells by more than 1,000 people every day, many of them retirees relocating for the second halves of their lives. And it’s easy to see why: Even in the coldest months of the year, the average daily high is at least 70 degrees, and the temperature rarely dips below 50.
Florida is also one of the most tax-friendly states in the country for retirees. There is no state income tax, and permanent residents are eligible for a homestead exemption of up to $50,000. Seniors may qualify for an additional exemption.
But Florida is a big state, with diverse options on both coasts — or inland, if hurricanes or rising sea levels strike too much fear in your heart. (Generally, the hurricane risk on Florida’s west coast is less than on the east coast.) We’ve rounded up five great Florida retirement destinations that are affordable and offer access to top healthcare systems. Take a look.
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