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The pros of retiring in Pennsylvania include low cost of living, no taxes on retirement income, and access to natural beauty, among other things. However, the state also has some drawbacks like an inheritance tax, cold winters, and lack of urban buzz.
Apr 26, 2024 · However, like any location, there are both pros and cons to retiring in the state. Why do people retire to Pennsylvania? Affordability: Pennsylvania has a lower cost of living compared to many other states on the East Coast. This can be especially attractive for retirees on a fixed income.
Mar 5, 2024 · Q: Is Pennsylvania a good state for retirees? A: Yes! Retiring in PA means you can have a high quality of life without having to worry about breaking the bank! Q: What taxes do retirees pay in Pennsylvania? A: There are no taxes on any forms of retirement income in PA. Q: How much money do you need to retire in Pennsylvania?
Mar 14, 2023 · Seniors retiring in Pennsylvania can enjoy a low cost of living, low taxes, great healthcare, scenic locations, low crime rates, top-rated cities and towns, historical sites, and winter sports.
- David Bolton
May 9, 2018 · Pennsylvania is a great place to retire but can be an expensive place to have an estate. Careful planning is required to take advantage of the low state income tax rates while minimizing the inheritance cost to heirs.
Considering retiring in Pennsylvania? Explore our guide to the best cities in Pennsylvania to retire & make the most of your retirement in the Keystone State.
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Retiring in Pennsylvania offers numerous advantages over New York, from a more affordable cost of living to a diverse range of lifestyle options. While the decision will ultimately depend on personal preferences and financial considerations, Pennsylvania is a good place to retire for New York retirees.