Somehow this week I was musing on future locations for retirement, when I leave the work force for good in 1-2 years.
There are currently 7 states with no State tax, including Florida, where I live. It seems in 2021 that list will add Tennessee:
https://www.fool.com/taxes/2018/06/0...ncome-tax.aspx
We toured the country for a couple years sabbatical between my first career, and my current shorter term job. We ended up settling on the West Coast of Florida, chiefly because we could not, really, find anywhere better. It’s not called the Gunshine State for no reason. 0 State income tax is a huge financial break. Major medical facilities and an acceptable climate are a big plus.
But of course we have year round sweltering humidity, and the temperatures range from “kinda warm” nine months of the year, to levels in June July and August that would melt Tolkien’s The One Ring.
One scenario we are kicking around is keeping a base of operations (TBD; condo, more likely house or cottage) in FL and invest in a ‘Summer’ home Somewhere Else.
Or; the other way around: Become a resident elsewhere and spend “Winter” in Florida.
Hence: Tennessee?
I admit I’ve not traveled to the Volunteer State, except briefly in and through over the years. My impressions are fleeting. An enjoyable weekend bar hopping in Nashville. Hickok45 videos. Beretta moving production there (I think?).
So: any thoughts of Tennessee as a residence? Places to avoid? Places to consider?
We like (ok, my wife likes) urban settings. We eat out (a lot). We’d need to generally have access to good medical care. We would like either to be near water, or the mountains. Ideally with a climate that is nether extremely cold or extremely hot: but without the damnable humidity we get here in FL.
Would appreciate your thoughts.
Rich