7 Reasons to Retire in Texas
Choosing to retire is one of the most important decisions you have to make in your life. Some retirees tend to move to another place, and many choose to spend their golden years in Texas. Regarded as the second-largest state in the United States, Texas continues to attract seniors from all around the country. Here are a few reasons why the Lone Star State is becoming a popular destination for retirees.
Lower cost of living
Compared to other places, the cost of living in Texas (not counting Austin) is relatively low, and retirees don’t need to spend much on their utilities, health care and groceries. Retirees can also live in a beautiful home without compromising their fixed income.
Attractive taxes
One of the main reasons why Texas is attractive to retirees is because of its taxes. Texas is one of the few states that doesn’t require its residents to pay their personal state income taxes. They can save a lot since their social security income, pension, 401K and other retirement income sources will not be taxed. Should they decide to work part-time, they can earn without needing to give back to the state.
Great climate and weather
Moving to Texas can be a comfortable option for retirees who are not fond of frigid winters. Compared to other states, winters in Texas are less chilly and more tolerable. Texas has a diverse climate, but this dynamic state generally experiences warmer weather conditions. Retirees will be able to enjoy their days basking in the sun, hiking, swimming, wine tasting and more.
Diverse culture
Since many individuals move to Texas, the cultural makeup of this state is as diverse and vibrant as it could be. According to a study, Texas is now the second-most-diverse state in the United States. Retirees can meet different people from various backgrounds, making their golden years more exciting and enjoyable.
Quality health care
One crucial factor that senior citizens have to look out for is their health. When they move to Texas, they don’t need to worry about finding high-quality medical professionals. They can take comfort in the fact that the state is home to some of the best doctors and medical facilities, including M.D. Anderson Cancer Center and Baylor University Medical Center.
Various entertainment
There is no shortage of things you can do in Texas. Retirees can enjoy spending the day at a local fair, participating in a rodeo, watching a live musical or attending a sporting event. Aside from football, Texas is also well-known for baseball, ice hockey, soccer and basketball. The state also has its share of dedicated Cowboys fans. Retirees will never run out of extracurricular activities once they move to Texas.
Excellent real estate investment opportunities
In general, the real estate market in Texas offers a lot of opportunities to potential investors. Retirees who want to become property investors will be able to get their money’s worth in this dynamic state. They can build their dream home without draining their savings.
If you are planning to retire soon, it is essential that you settle any legal and financial matters so that you can live out your golden years without any worries. However, in the unfortunate event that something happens, your loved ones can seek the help of a probate attorney in El Paso, TX to guide them with the probate process.
With an affordable cost of living, great weather, rich culture and a welcoming environment, Texas offers its retirees a place to settle down and enjoy some of the best years of their life.
