In January, Kiplinger updated their ongoing study and rankings of the
State-by-State Guide to Taxes on Retirees in the U.S.
Not only did Delaware place in the top ten best states to retire, but we ranked THE best! The rankings take into account a range of tax policies from property tax rates, an absence of sales tax, to the tax treatment of retirement income sources and more.
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While we are a destination for retirees and the average age of all Delawareans is going up, other issues loom in the background. Will we have the services people in their sixth, seventh, eighth, even ninth decades of life need?
People often think of issues like this through the lens of health care only, but there are other considerations too. I mentioned in an earlier message that 10,000 baby boomers reach the retirement age of 65 each day in this country, and that’s a trend that began in 2011 and won’t end until 2029. That’s a huge loss of skilled and experienced workers at every level and from businesses and industries of every size and classification.
So while we celebrate being named a great place to retire, we need to look through a very wide lens to plan and act now on the challenges that being older involves.
