Retirement can be a scary time with a lot of unknowns, but the most important thing you can do is try to make the right choice about where you are going to retire. This is the single most important decision you have to make because everything else is going to be impacted by this. So you need to do what you can to get this right for yourself.
One of the best places in the country to retire to is Tennessee and there are a lot of reasons why. Here are some of the reasons why you need to make the most of Tennessee retirement and why it should definitely rank at the top of your list of places to consider.
Low Cost of Living
Cost of living is one of the primary factors that you need to keep in mind when it comes to retiring somewhere. And one of the major plus points of retiring in Tennessee is the fact that it offers a low cost of living. The last thing you want to happen is for you to outlive your money and this is a common fear that many retirees share. So, it’s good to know that Tennessee ranks as the second-lowest state in the country for the cost of living. This means you get more bang for your buck and your retirement fund and pension will go further as a result.
Cheap Car Insurance
Car insurance is something that you need to assess when it comes to retiring. You’ll probably be using your car a lot because this is one of the best ways of getting around and retaining your freedom and independence. So, you need to look at what it takes to improve this as much as possible and that means finding the perfect car insurance. Comparing car insurance costs is important, as this is a legal requirement, and you want to save money on it where possible. The good news is that Tennessee has very affordable car insurance costs. In fact, it works out at 1.7% lower than the national average.
Something else to keep in mind when you are choosing the ideal retirement destination is the weather. The climate is important if you plan to spend a lot of time outdoors. You don’t want to be somewhere that is going to rain all the time or be too cold or too hot. A balanced temperature is a perfect thing to go for and this is precisely what Tennessee provides you with. The state ranks 15th nationwide for temperature and this means it maintains a pretty average temperature across the year. Make sure you keep this in mind when you are deciding on your retirement plans and try to understand the important role this particular factor plays.
Great Access to Medical Care
Medical care is so important as you hit retirement age. It will become more important to look after yourself and possibly get treatment or medication as and when you need it. This is why you have to make sure you choose somewhere as perfect as possible for medical care and treatment. One of the things that makes Tennessee such an appealing state for retirement is the fact that the cost of medical care is lower than the national average. This is such a big cost and something that you can’t compromise on, so one of the most important things to do in the first instance is to choose somewhere that has cheap (or at least affordable) medical care.
There’s Plenty to Do
Another great reason why you need to think about choosing Tennessee for your retirement is the fact that there is so much to do when it comes to improving this. You are going to need to focus on doing the best you can to keep yourself occupied and Tennessee has so many options for this. There are no less than 54 parks here, all with beautiful scenery, not to mention the wonderfully infused country and blues culture. You could visit Elvis’s Graceland or Dolly Parton’s Dollywood, or you could take in some of the wonderful sports on display in this great state.
No Income Tax
Make sure you do as much as you can to enjoy some of the best benefits of the state you’re going to retire to. And one of the key reasons why Tennessee should be top of your list is because the state has no income tax. It carries the third-lowest tax burden of all 50 states, and it doesn’t tax retirement plan income or social security benefits. And this makes it the perfect state to help your retirement income stretch further and last longer — and this is really important to keep in mind.
As you can see, there are a lot of reasons why you need to consider moving to Tennessee, and this is one of the most popular places in the country to consider. There are some excellent advantages to retiring in the Volunteer State and these are some of the key ones. Make sure you consider the best ways to do this before moving forward and consider visiting the area before you settle on a definitive decision.