Smart Money

Worried that they won’t have enough money to live out their golden years, Americans are retiring four years later than they were in 1991, according to Gallup. So, not surprisingly, where seniors choose to retire will have a significant impact on their finances as taxes and other expenses vary widely by state. Seniorly, an online directory of senior living communities, recently released a study detailing the Most Affordable States for Retirees. After analyzing eight financial metrics—including retirement income, tax rates, cost of living, healthcare costs and senior poverty rates—the study concludes Florida is one of the top ten most expensive states for retirees.

Despite having a great lifestyle for seniors, Florida ranked as the No. 9 most expensive state due to high Medicare spending, utility bills, and poverty ranks. Florida has an average retirement income of $32,715 and the average annual Medicare spend is $13,652. Many of the most expensive states are located in New England, while mountain states such as Wyoming, Utah, Montana and Idaho rank among the most affordable. u

Ponte Vedra Oceanfront Estate

The epitome of luxurious coastal living, this Ponte Vedra Beach oceanfront property of 1.67 acres is a rare find. Situated on a 33ft blu and boasting 175’ of ocean frontage on the Atlantic Ocean, it features multi-level beachfront patios with a pool and spa. With soaring 15+ ft ceilings throughout and panoramic ocean views, this residence does not disappoint. Featuring 5 bedrooms, all with ensuite baths, and the palatial owner’s suite on first floor, the layout is idyllic. Its stylish design, custom features and prime location render it a must-see for anyone searching for that ultimate waterfront mansion.

5 Bedrooms | 5 Full- and 2 Half-Bathrooms

O ered for $10,250,000

Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.