Sussex County, Delaware, has emerged as a popular alternative retirement destination to Florida, due to its low property taxes, absence of sales tax, and increased proximity to family. Factors such as Florida's increased cost of living, property insurance requirements, homeowners' insurance costs, and condominium reserve requirements are encouraging some retirees to consider alternative locations for this phase of their life.
For generations, the American retirement spreadsheet almost wrote itself. Sell the house up North, head south, buy something near the water, and enjoy Florida’s lack of state income tax. That formula still works. It just no longer works automatically. A d...
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