An article in the Wall Street Journal in 2002 described a training session at "Annuity University," which bil...Read more
Web Site Compares Cost of Living in Different Areas
- May 22nd, 2002
How much you need to live on after retirement depends in large part on where you live. You may be able to lower retirement living expenses by moving to a less costly area. For example, nine states have no income taxes and five states impose no general sales tax (although property taxes may be higher in these states).
A good place to gauge expenses in different areas is the Web site BestPlaces (www.bestplaces.net), which allows you to compare cost-of-living and quality-of-life data for 3,000 U.S. towns and cities. The site carries no advertising and requires no subscription fees.
By comparing different cities head to head, you will see how dramatic the differences can be. For example, according to BestPlaces someone making $100,000 a year in Boston, Massachusetts, will need only $67,483 to maintain the same standard of living in Jacksonville, Florida. The median price of a home in San Francisco is $453,880, compared to $106,380 in Appleton, Wisconsin.
Local Elder Law Attorneys in Ashburn, VA
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...