We are considering retiring in North Carolina, is this a good idea?

My retirement comes from Chrysler, Dallas Police Dept, Social Security, VA disability, retired Army..

Asked by rvferfun

3 Answers

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Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi,

Thanks for your service. I am USN retired. We have retirement property in NC. Near the Parkway. . So, I'm biased on this being a good idea. There are lots of variables that go into this. So, it's an individual decision. Always do what is in your best interest.

Some insight for my top reasons were; My wife is happy, Close friends live there, gated community with 24 hr services, fresh air & moderate climate, rural and close to a metro area (hospitals including a VA, shopping, civic attractions, airports, etc). There are many other reasons. Keep in mind that financial prospects like cost of living, etc., are also important-In my case, they were low on the list. We all need to live within our means and it's the life in years rather than the years in life that make the difference.

Where in NC you are considering? Your name is Rvferfun. Does this imply that you will be traveling through NC in an RV? We can get together and compare notes. If nothing else, we can just share some stories.

Feel free to contact us directly to discuss this or anything else in greater detail. No obligation. Just enjoying our lifestyles.

It's not what you make, It's what you keep that determines your lifestyle.



| 04.16.16 @ 23:54
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:38
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Many people do. All the best and good luck with the process | 04.19.16 @ 19:21
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:38
Answered by Robert Higgins, Financial Adviser in Charlotte, NC
A lot depends on personal circumstances and preferences. South Carolina is more attractive from a tax perspective. They offer a lower state tax rate as well as property tax incentives for seniors.

From a lifestyle perspective, NC offers a lot. From the mountains in the west to the beaches in the east, great outdoors opportunities. If you enjoy college sports, enjoy. Numerous colleges and universities means opportunity for cultural enjoyment.

Disclaimer: I grew up in the eastern side of the state, Greenville, NC, attended college at UNC-Chapel Hill, business school at Wake Forest in Winston-Salem, left for a corporate finance career spanning 13 yrs in Washington, DC, Stamford, CT, Houston, TX, Indianapolis, Greenville, SC, and returned to Charlotte to be a financial advisor. . | 04.19.16 @ 20:00
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:38
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