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Sep 16

Benefits Of Retiring In Delaware

Post in | Posted by Baywood Blog Team

Finding the right place to retire in is one of the most important decisions you can make in your later life. There are many things to consider before you make a move, particularly financially. If you haven’t settled on a place to live, why not consider making a move to Delaware? The state of Delaware offers many benefits to retirees that have made it the #1 place to retire according to Kiplinger and we are going to highlight some of them here!

Delaware is one of the most tax friendly states in the United States. There is no state sales tax, income taxes are modest and your social security benefits are exempt from taxes. There are no personal property taxes and real estate property taxes are lower than you would find in other states. This all means that if you move to Delaware, you’re going to save money!

Not only are lower taxes a huge benefit of choosing to retire in Delaware, but home prices also make Delaware an incredible choice for retirement. Home prices in Delaware are relatively lower than nearby states such as New Jersey, New York and Connecticut. When you live in Delaware, you definitely get more “bang for your buck” when it comes to purchasing a new home for sale.

Delaware is also known for having one of the best climates that you’ll find on the east coast. The weather stays comfortable throughout the spring and summer, with a crisp fall and mild winter. It’s the perfect state to set up residence for people who want to experience all four seasons but don’t want to deal with harsh temperatures.

If you’re looking to find the perfect place to retire, you’ll be hard pressed to find somewhere better than the state of Delaware. With lower tax rates, lower home prices and a relatively mild climate, Delaware offers so many advantages for retirees who are considering purchasing a new home. Visit our website to learn more about what the Baywood Greens community in Long Neck, Delaware has to offer you!

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