Will you retire in Texas?

[Phil P]

Seeing the berserk growth that Texas is having population wise, I do have to wonder how many people who are in Texas actually plan to settle down and sink in there when work isn't a reason to stick around anymore and how many want to pack up and try somewhere else? City = Metro for this discussion.

[Trainwreck20]

My wife and I are approaching retirement - me, in about three years; she will probably work 2 or 3 years after that. There isn't an answer yet. We had assumed we would down-size from our SW Austin house when we retired, mainly to go from a 2-story to a 1-story; however, our specific area has become so convenient that we may just live downstairs rather than go to 1-story. Our first floor is ~1500 sf, give or take, with the master downstairs. The 900 sf upstairs was mainly unused before kids and may just go back to that. In any case, within a 1/4 mile is 5 or 6 restaurants, a nice HEB, and most services (hair, vet, dentist, postal store, etc) if we need them. 1/2 mile includes quite a bit more. So, the house at the end of nowhere 25 years ago is now located in a quite accessible location.

Of course, where the kids end up will have a big impact, but they are in HS at the moment and no telling. The youngest may end up in another country . We have looked at the economics and while many people disagree, we have done the math in excruciating detail and it really is good for us in TX (school taxes frozen, HSE, etc with no income taxes) compared to many - if not most - places, especially as time goes by. 10 years down the road and those frozen taxes make a big difference and most other states we would consider have nothing of the sort.

We will not be in a smaller town, most likely, at least not if it is significantly outside a major metro. I might manage it, but it is a non-starter for the wife.

We may end up getting property in Colorado as a 'summer' abode, something between 8,000 and 10,000 feet elevation. We would not stay there enough of the year to become a (taxable) resident, but it might be nice to spend 3 or 4 months there a year during the Texas summers. We are avid outdoors people and it is hard to beat what CO has to offer.

[Dopo]

I got a long way to go but when I retire I’m going back to the Midwest, I’m tired of the ridiculous property taxes here

[As Above So Below...]

If I were to retired today: summers in Wisconsin and winters in Singapore or Panama.

[NewMexicoCowboy]

I am most likely going to retire in the San Antone/Austin area because I will not have to pay any property taxes on my future house in Texas under current law because of the parsonage exemption.However I may go somewhere like Arizona and New Mexico.I could retire in Oklahoma or Arkansas or MS or TN as well.

[Seguinite]

Originally Posted by Phil P

Seeing the berserk growth that Texas is having population wise, I do have to wonder how many people who are in Texas actually plan to settle down and sink in there when work isn't a reason to stick around anymore and how many want to pack up and try somewhere else? City = Metro for this discussion.

When we retired in 2021, the sale proceeds from our 2011 semi-custom home paid off a small retirement place in Nebraska. For years we knew we'd 'downsize', but when the time came, we weren't willing to pay what it would cost to do that in a Texas metro area.

[NewMexicoCowboy]

There is also a chance I will retire in Puerto Rico not Texas so I could save a lot on federal income taxes.There is a chance I could retire in Nevada.My dream is to retire on a 10,000 acre ranch in the Texas Hill Country if I get rich.

[kreeyax]

I'd like to retire on a beach in NW Florida. Whether or not I'll be able to afford it is another matter.

[TamaraSavannah]

Originally Posted by NewMexicoCowboy

There is also a chance I will retire in Puerto Rico not Texas so I could save a lot on federal income taxes.There is a chance I could retire in Nevada.My dream is to retire on a 10,000 acre ranch in the Texas Hill Country if I get rich.

Very rich.

When I bought the ranch, it was around $7K/acre. Now I see them asking for $47K/acre.

As to the question, YES. But not to any major city but rather, be as much to nature, the forest as I can be.

[NewMexicoCowboy]

Originally Posted by TamaraSavannah

Very rich.

When I bought the ranch, it was around $7K/acre. Now I see them asking for $47K/acre.

As to the question, YES. But not to any major city but rather, be as much to nature, the forest as I can be.

I am thinking about buying somewhere where the land is about 1,000 per acre like Ozona so the ranch would be a lot cheaper than your example. I am not talking about prime land in the Hill Country to retire on. I am also thinking about retiring in a foreign country so I dont think the OP included enough options for every retirement choice.