7 Reasons Why You Should Focus Your Retirement Planning to New Orleans
If you’ve thought about moving in retirement, your list of potential locations is likely long. Your options are virtually endless without the limitations of a nine-to-five job or kids at home. But if you’re looking for somewhere warm, inviting, and full of life, you can’t go wrong with a city like New Orleans. Here’s a look at the top seven reasons why you should focus your retirement planning efforts on The Big Easy. Reason #1: Tax-Friendly Laws New Orleans is a particularly tax-friendly city for seniors, as it offers several notable tax breaks for those in retirement. Not to mention, Louisiana has the fifth lowest property taxes in the country, which is excellent news for those planning on buying a home in retirement. In general, Louisiana’s state taxes are considered to be lower than the national average. The income tax rates for Louisiana residents range from 1.85% to 4.25% —…