7 Reasons NOT to Retire in New Hampshire
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- čas přidán 7. 09. 2024
- #newhampshire #603 #retirement
7 Reasons Not to Retire in New Hampshire: In this episode we discuss OUR 7 reasons for choosing not to retire in New Hampshire (NH) the "Live Free or Die" state. We've lived here for 25 years and have made the decision to relocate to Eastern Tennessee. We have loved our time in NH raising our children as it's a safe place and the educational systems are great. This decision, which is one of our biggest, has trimmed 7 years off our retirement horizon! Ask yourself, would you move to be able to retire 7 years early and enjoy a much longer retirement?
ABOUT US
We are Cherie & Jim, we have 2 grown children and 1 close. We are progressing towards retiring early. We have rapidly accelerated our retirement target ages building a model and living it. We lived paycheck to paycheck, until we took our future in our own hands! We believe in investing in yourself first, make yourself the priority! We also believe in owning your own existence, it's all your decisions. We have made many micro behavioral changes that have resulted in macro results.
We are sharing our journey as it could help others. We are transparent around our progress (shared monthly) and letting you in on our rituals. We cover The Good, The Bad and the "Ugs". We simply want every day to be Saturday.
DISCLAIMER TIME
We are not licensed financial advisors, nor licensed relationship advisors. Our videos are indented to distill information we have lived through. Any investment, financial information or relationship information we provide is in the context of our journey, before making any investment or life changing decisions its always best to check with your advisor first.
Thank you for taking the time to watch! We know some might disagree with us on this video. We completely understand, we are simply letting people know why we are choosing not to retire here. Any other reasons you would add or disagree with?
Living in Alaska and looking 👀 to retire in the NH area (NH and Maine) Beginning to think twice about this decision. In Alaska, I don’t pay any property taxes, vehicle taxes or fishing/hunting fees. Want to move closer to family in the southwest. Thanks for the advice.
Depending on what is important to you (crime, costs, healthcare, climate) there are many states that could suit your needs. Bankrate puts out an annual ranking which is pretty interesting and you might find useful. You can find the 2024 rankings here: www.bankrate.com/retirement/best-and-worst-states-for-retirement/#how-your-state-ranks-for-retirement
I was just back from Vietnam and attended a dance in Portsmouth. Although I was probably the same age as others there, I felt so differently. A girl approached and asked me to dance. Then she told me where to sit. Later she told me when to get something to eat and drink. She's still bossing me around. She's in the living room now with the grandchildren. We've been married 47 years. Thank you, New Hampshire.
Thanks for watching and commenting. There is nothing wrong with a woman providing a little direction in a man's life! Congrats on 47 years. We are at almost 21 years.
THANK YOU I had been considering moving to NH and you have really helped me be more informed ! Crazy how much they tax people to live on the woods !? What I realized was the "carrying costs of NH's 7 cold months (electricity, propane, etc...) are almost the cost of property taxes again ! That is frightening.... Thank you for the defibrillation 🙏
Thank you for watching! You are absolutely correct. It's almost August and we need to buy propane and heating fuel worth $3,000 in preparation to start winter. Those costs only cover the beginning of winter and you have to spend it already in August. It's far too costly to live here.
Somebody has to cover the expenses for all the government of a small town in the middle of nowhere. And that would be the citizens.
I love NH. Ski the east! Lack of diversity is a good reason to stay here too. It's been a great place for our family with a fun neighborhood for our kids, they have lots of good friends, awsome school, business environment has been good for me, but I'm not going to retire for at least 20 years so things will surely change. I enjoy hearing your experience and interested to learn of the other options people go for. Thank you for the research and data you put together for this!
We do love NH as well. It’s been amazing for our children. It’s simply too expensive to retire early.
It's wild being klanny in 2024.
I sold my home in NH 7 years ago and moved to SC for the usual things - lower cost of living, weather, recreation, golf. The house there was great, the culture not so much. And, you don't have to shovel snow but you're pretty much stuck inside for 6 months due to the heat and humidity. Plus even though property taxes were much lower the cost of homeowners insurance jumped from 2K to 6K last year. The building is out of control, the infrastructure is not keeping up - the next hurricane I can't see everyone getting out in time. Anyhoo, sold the house in SC a few months ago and moved back home to NH and am super happy I did.
Word. You trade one set of problems for another set. They got all kinds of problems with mold and bugs. Comes with the sub tropic environment.
Thanks for watching and sharing! That very well could happen to us as well. We will never know until we try it. We just know we want a much less expensive area to live to be able to retire early (15-17yrs early). It's far to expense in NH to do so! Worst case is we don't like it in TN and migrate somewhere else.
0:55 Cold climate
1:43 HIgh oroperty tax
3:27 High property rent
4:46 High electricity cost
5:51 High heating cost
7:05 High healthcare cost
8:00 Lack of culture and diversity
Really enjoyed this video and it gives a lot of good info that applies to us as we explore early retirement. Odd question: Where did you get that plaid red/black jacket? It is super cool.
Thanks for watching and for the feedback. Believe it or not but it was from Old Navy many years ago. We don't buy much from them, but we do live some of their winter gear.
I grew up in NH and definitely miss the White Mountains and the Lakes Region. Love the hiking, skiing, fishing, hunting and the natural beauty. I have been living in Southeastern North Carolina for the past 18 years, about 2 miles from the open ocean. The summers here are brutal, but I have to admit that the weather is awesome from Oct-May. I did not realize the cost of living has become so high in NH. I have been retired for 2 years now, so that is a concern, if I was to move back there. Most of what you say makes sense, but the "diversity" part is not something that I would actively seek out, having lived in several places over the years, and travelled the world a few times over in my career. There are a lot of very dangerous, "diverse" sh*t holes in the world...be very thankful that you are not in one of them. Love what you are doing here, and will continue to follow your journey.
Appreciate you watching and the feedback. Weather & costs are our main factors for moving. We are moving to an equally safe area of the country to where we live now and save 1/3 of our our current expenses. We are moving just outside the smokey mountains and spent significant time there in the summer and due to the elevation and mountains its not significantly hot and not as humid as NH in the summer.
When you say brutal, do you mean oppressively heat and humidity?
The more I hear about other people's property taxes, the more I get annoyed at how much we pay in Texas. Yes, 15k sounds like a lot but then you have 4 acres so it doesn't sound like a lot. I guess it would depend on the worth of your home and property as to whether it was higher than Texas or not. When I lived in Dallas, I lived in a 1500 sq ft home that was on about 1/3 of an acre and my taxes were approaching 10k. I don't know how high it would have gotten. The only reason it wasn't higher was that even though they keep increasing your property value (for a house not in tip top shape and more like falling apart), is because they cap your tax increase at 10 pct a year even though they raise the value. But I knew it would keep going up so I moved about 200 miles away to a suburb outside of Austin, only because I had some family in the central tx area. It's not any cheaper here except that I have less land and even though home values are just as high, they seemed to be more fair on home values. As far as diversity, that's a hard one. Dallas was a very diverse area and I never thought much about it until I moved and there is no diversity where I live. I did not like that. It feels boring but maybe I'm getting used to it. I still miss the diversity but I don't miss the crime and I love the attention that we get from our police department. I hope that doesn't change although with growth, I'm sure it will. I hate that diversity might sometimes cause more complications but I think it does. But, if city or suberb stays a reasonable size, I think it can have great diversity and safety but I think growth is what brings uncertainty. And yes, if you are moving somewhere that you like and it allows you to retire 7 years earlier, that's great. Or if you move and you love where you move, then if you don't hate working, then keep working for a better retirement because retirement finances can chance at the drop of a hat and it's best to keep growing your social security.
Thanks for watching and commenting. We do know that TX and CA also have high property taxes. We did bring 3 kids through the school systems so it was worth it to us as the schools are great up here in NH. But now that we do not use the school systems, the taxes hurt a lot more. "Diversity" is a trigger online and we knew it could spark some constructive comments and not so constructive comments. Some like it the way it is and has been, some want different. Appreciate the constructive view on it. As for moving, you are right... 7 years is a dramatic to cut off your working years. If we want to keep working, we will... if not, well then we stop.
1. insulate your house drops the heating bill 50%
2. subdivide your 4 acres to 3 acre bird sanctuary & donate to the town reducing your property tax by 50% in turn no new building on that land.
3. change your lighting to to all LEDs reducing electric by 50%
4. Install radiated heating in 1st floor...reduce heating costs another 20%
5. Rent your house to family member for $1 a month while your a snow bird in Florida... to take advantage of federal tax write offs.
6. Lastly.... if you compare dollar for dollar whatever zip code you move to..& culture + privacy you might want to think again... did i mention sales tax or state income tax oh yes...that's zero..You have to do the math long form.
Thanks for watching and sharing.
Born, raised, educated in NH... then moved away... traveled the world. Now retired... returned and bought a lake house in NH... also have a place in MA... both in rural locations... can't deal with metro Boston traffic... split my time between the two. Yup, for 6 months of the year the weather in NH stinks... same for MA... you better have indoor hobbies. I stopped skiing about a decade ago so winters can be long. Yup, NH property taxes are high... but they are in MA as well... My NH electric bill is less than half that at my MA property... and I'm running heat pumps in NH. Overall the cost of living is a wash between the two places... with NH maybe being a little cheaper... its also pretty much a wash between the other places I've lived in the US... different states get your money in different ways. And yes, NH can be a diversity and cultural desert... but so are a lot of other places in the US. One needs to seek it out here. I'd suggest one retire in Europe if they want to be surrounded by such things. Vacationing there scratches that itch for me. Politically, NH is surprisingly diverse... one can hang out in Portsmouth with the liberal lefties or go to Gilmanton and chum with the libertarian, free-stater Trump thumpers... Personally, I avoid both. Ya NH isn't perfect... far from it... to each their own... but t's working for me at the moment... and I never tire of watching the sun rises and sunsets off my dock... when it's not cold an raining. ...and you kids, stay off my lawn.
Love it! Thanks for watching and commenting. It's a beautiful place, just need to work a bunch longer to be able to afford to retire here, and that pesky weather.
Very nice description, thanks for sharing. We have 8acres in Ossippee, family property nobody did anything with thinking of possibly putting a cabin or starting with RV/5th wheel to see if I like it. And yes I’m a MASShole, I too have traveled country and nearing retirement age and have to say NE is where my heart ❤️ belongs. I’ll have to travel Europe
@@Willthethrill478 NE is a wonderful place especially the fall months and will always be with us. For us, it’s just time for a change. Thanks for watching and sharing!
@@Willthethrill478 NE is a wonderful place especially the fall months and will always be with us. For us, it’s just time for a change. Thanks for watching and sharing!
@@Willthethrill478 Have family that do an annual rent in the Ossippee/Wakefield area in the summer... Seven Lakes Region... about 30 - 40 minutes from where I'm at. Never spent much time in that part of the state until they started going there... really, really nice area! and you can pop right over to Maine... ...but as I type this there are a mom and dad Loon just off my dock with their two kids... a very "On Golden Pond" moment... this is when NH is stellar... Enjoy.
That’s fantastic!! With that in mind it looks like you guys have a very well laid out plan for success. I wish you the best in your journey!
Thank you for watching and for the feedback. We tried our best to set a plan about 4 years ago and stick to it. So far, so good. Time will tell if the move works out!
Once you get over-exposed to other "cultures" you may rethink that issue 😊
Possibly!
Yep diversity=crime lol.
100%
lol. Fair point.
Does anyone else notice how as diversity increases so does the crime rate?
Absolutely hilarious ! You guys, as are we also - here in the northeast - waited too long to make this herculean jump to a new 'place', space and headset !
Your video attracted my attention because I also am ready to say "so-long" to the struggles of winter and the encroaching underpinnings of 'live free or die'. Rock on !
Thanks for watching and for sharing! It's been a solid almost 50yr run up here, but it's time to live a bit more "free".
Just moved from Nashua NH to Pittsburgh PA, a city we've visited and researched thoroughly for a decade, when my husband retired (at 62) this spring. Bought a larger, more updated home with cash in a much more walkable neighborhood with far superior public transit (very important for us) for about half what we sold for in NH. We knew this was possible due to our research, but actually accomplishing it has been such a kick.
Check out the Monroeville Mall. They filmed the original Dawn of the Dead there. 20 minutes from Pittsburgh.
Thank you for watching and sharing! That is a dramatic difference in housing prices! We are very happy for you and your family. People like to stay and complain about the area (expensive, icy attitudes, etc) ... instead of actually doing something about it. You never know if its going to be the right move until you do it. Worse case, we don't like it and come back.
Such a classic!
Plus you have to have double everything 2 sets of clothing summer and winter same with tires Sumer and winter spend more money on heat them people do with AC down south, your vehicle will rot from the salt so you will need a new vehicle every 5 yrs
That's some great points! Thanks for watching and sharing.
Excellent video! I'm very impressed. You two do a great job. Those costs are amazingly high. Where are you moving to? Somehow I missed that. Buzz
Thanks Buzz! That was a little Easter egg that we left it out for someone to ask. You won that race! We are moving to Eastern Tennessee on the Cumberland Plateau. It reminds us of NH, without the high expenses. They have no income tax, but have a sales tax… but hey you aren’t buying much in retirement!
@@OurRetireEarlyJourney I LOVE EAST TENNESSEE! My mom is from that area and I have family and friends there. I live in Michigan and spent many a summer in my childhood down there! You will LOVE the area. It's gorgeous weather all year round. Cost of living is amazing. So excited to watch you guys make your way down there.
@@libbysworld7649 We are heading down in 10 days to visit our build in progress and look at colleges with our youngest. We feel so lucky to have found an amazing community in TN.
Hey Buzz! Fancy meeting your here...I follow you as well. BTW - my wife is from Erie, PA, and I lived there for 10 years.
@@GowdyStuff I only follow top notch channels. This is one of them.
Never move to connecticut, NH is a financial dream compared to CT!
Thanks for watching and sharing! Funny you say that, 1/2 of us (Jim) grew up in CT and stayed for 21 years. Left and never looked back!
I live in Mass and I like visiting NH for the natural beauty. But yeah, too cold for me to live there permanently. Enjoyed your video. Good luck in Tennessee. Will be interesting to hear about your journey there.
Thank you for watching and commenting. It sure is beautiful, it's cold for too many months. It is great for those that love winter sports though, that's just not us.
Good point on the best months there are super limited...
We have seen in it with our parents and aunts/uncles. Try to get the earliest time possible back to enjoy it more.
That’s great! I just subscribed to your channel, I’ll follow along to see how your journey goes. I’ll be able to retire in 3 years (at 55) and my wife 3 years after that. We also live in an incredibly high cost/tax area (Nassau County, NY) so I’m keeping all options on the table when the time comes. As long as, of course, if our kids come too. Lol
@@benjamincorrea7375 We appreciate you watching and sharing! Our kids are migrating with us as there are 3 major cities by us where they will have better chances of employment than what is here in NH. NY is crazy expensive as well, so we can empathize with the pain of it. Now that winter is coming we are gearing up for our heating costs to kick in. This year will be around $7,000 based on current prices. Can’t wait until next year!
I’ve lived my entire life in NH and agree with your assessment. My wife and I are also looking to retire early and we plan to split time between NH and being down south. The weather is the primary issue for us. We’re just tired of the lousy, cold weather for 7 months. However, we’ll be back in the summer and fall.
Thank you for watching and sharing! We thought of same thing. We actually had another property in Alton that we were going to stay at in the summer. After weighing all our options, we decided to sell that property and use it as leverage to build a home down south while we prep our current home to sell next year. Fall is amazing here, but for us that's about it. Down south you can go into lakes in April and use them through October. Here its July - August and they still can be semi-cold. Luckily the area we picked in TN has an amazing fall season as well, so we wont be missing much.
I'm a northeast resident and have been my whole life, I love snow. I went to NH to look at retiring there from NYS. I love NH but couldn't afford NH taxes. They may not have income or sales tax but they get it other ways.
Thank you for watching and commenting. You are 100% right... no sales tax, no state income tax... but the property tax makes up for that and more on an annual basis. It just takes a simple spreadsheet for those to figure that out.
$5K year for electricity? I'm in NH and have a 2,000SF house and my electric bill is $1,200 a year.
Thanks for watching and for the question. That's correct. In 2023, we spent $5,376 on electricity and thus far in 2024 we've spent $2,428 with Unitil.
So what town do you live in and where are you moving to? I'm considering NH for an upcoming move, but after your video I'm doing more research and rethinking NH.
We currently reside in Concord, the capital. The property taxes here resemble the same across the state. You can find estimated taxes for NH via SmartAsset here: smartasset.com/taxes/new-hampshire-property-tax-calculator . This will give you a sense of how much you will be likely to pay in taxes.
@@OurRetireEarlyJourney Where you folks moving to?
Best towns in NH. Southern: Hollis, Mt.Vernon, Coast:Exeter, Portsmouth, Rye, Central Lakes Region; Meredith, Wolfeboro. Personally, VT is nicer in so many ways.
@@eddievonpapen6306 Brookline is more affluent than Hollis now.
I don't know what your experience is outside of NH but where we live in WA state, as far as you can see tent cities, people passed out on the street or dead, drugs in their arm, crime, murders, kids cant play outside, its legit dangerous and its happening in a lot of states. You cant go to the mall here without a legitimate risk of being shot. Its my understanding that NH is one of the few states with very little crime. You both seem like very nice people, i fear if you leave NH and you will see very quickly that what you have in NH is extremly rare and priceless.
I live in a neighboring town to Concord. There is no way I could shovel my own very long driveway. The additional expense many have is snow removal. I pay about $1200 a year for that.
Thank you for watching and your feedback. We were quoted $4,000 to have our driveway cleared this coming season and declined as its far to expensive! We are going to do one last season here and clear it ourselves. Hoping for an easy season!
Wow, did not even think about that... Incredible how it all adds up...
I went to grad school in NH in early 2000s. I've been following from a distance how high living costs have gotten. It's always been pretty expensive but I believe you could still find affordable 'pockets'/towns on the coast. I doubt I could afford to go to school there now. All new construction on the seacoast appears to be in the >800k range. I considered a move to Southern ME a while ago but the cost of winter heating was a deal breaker. Thanks for the reality check.
It’s really out of control. I don’t know how young people are going to be able to live on their own in the northeast. It’s really hard to build anything under $600k nowadays here.
New subscriber here. My hubby and I are hoping to retire early as well. I was so happy to find your channel. Can't wait to see your channel grow! I am going to refer you all over the place. I've been part of the budgeting community here on CZcams for a while. Not really a channel yet, but definitely interacting with a lot of the budgeting channels. Can't wait to get caught up on your content!
Thank you so much! We love budgeting as well. We have been budgeting for years, but have taken it to an entirely different level the past few years by switching our mindset from everything were taught in 50-20-30. (Essential Spending-Saving-Wants spending). Pre-retirement it should be Saving-Essential Spending-Wants Spending. Since we’ve made that shift, we’ve eliminated all debt and are saving like crazy and the compounding interest is doing its thing. We just wrapped up our March budget and are going to drop a video this week with the update. Really great to meet you!
I just retired and we are looking to move from the NYC suburbs to Southern NH to reduce our costs. Our property taxes on a smaller house on 1/4 acre are double your taxes. Plus NYS 5% income tax.
Thanks for watching and sharing. That is absurd that you are paying that much taxes, we do not blame you for looking to relocate. You could live like a King & Queen down south with all that extra money!
Enjoyed the video. I live in the midwest, rural southern Illinois. I can’t stand the weather. Summer is like living in a dog’s mouth. Tennessee summers will be just as brutal. You will miss some of those temps up there. We have spent a lot of time in the Smokeys. Our son lives in NH. I fell in love with the place. I’ll trade you on weather any day. Costs are an issue everywhere. I don’t need much of a home. I need less heat, mountains and isolated. NH, WY & MT are on my list. Good luck on your move.
Thanks for watching and sharing! We would love a bit more consistent heat. We have loved NH for a long time, but as we've aged it's just not for us forever. It was an amazingly great place to raise our family with great schools and healthcare.
I left NH in 2008 for PA. I bought a used car last year here for less than 6K. The taxes I paid the state were over 3K .If you have a well ,water is free. I pay each month in PA by the gallon. Having no sales and income taxes partially make up for the high property tax. All states in New England are expensive, including heat, utilitites and expensive real estate. I miss the Granite State: the beauty, safety and small town experiences. Good luck
Thank you for watching and sharing! We actually have to buy our drinking water as the water is very hard where we live. You are correct about income tax and sales tax. We are moving to TN which also does not have income tax and our property taxes are going to be almost $12k less a year! We do get hit with sales tax now in TN which we did not have before, but we have become sort of minimalists and do not feed the consumerism cycle anymore and in retirement you buy a lot less. NH is beautiful and by far the safest state in the nation! We will miss some of its great aspects for sure.
Diversity another word for that is CRIME! Look it up. Perhaps you should move to New Orleans? Its warm no snow and lots of diversity.
🤣
You aren't alone in that opinion. We will pass on New Orleans. lol We aren't up for that level of activity or crime. But compared to NH, it doesn't take much to be more diverse. We appreciate you watching and sharing.
@@OurRetireEarlyJourney And you can drink a glass of petroleum or surfactants from the gulf oil spill. Thanks to BP for destroying that state.
Smart of you to be mindful of your property taxes and overall tax burden. I see people all of the time upgrading their homes with no thought of what that will cost in their golden years.
I’m not sure if I could move at this point but I’m at least ten years older than you guys. As our kids were going off on their own I thought that if they both went to the same area that we should go as well. Now they are older, I think it’s highly unlikely that both would move far away. I place a high priority on being near at least one of them and we have other things that would make it hard to leave as well.
Completely agree with you Failure. All 3 of our kids are moving with us. 2 will be out of college and 1 starting college down there. The older two will live with us for a little before we make it very uncomfortable for them to stay longer. 😂 We are grateful they are coming and they are looking for a fresh start as well!
@@OurRetireEarlyJourney it seems to me like that’s about the perfect situation.
That’s also about the age my kids were when I was ready to go with them if necessary.
congrats on sticking it out that long? It's 84 degrees today in Texas. my electric bill last year was $2800 for the year, and that includes our 100 degree summer months. It's hot in the summer, that's why we have lakes everywhere and just about everyone has a pool in the backyard. Its mild in the winter, we can play golf year round 🙂
We would take the $2800 for AC. We don’t even have electric heat and it’s that high. The part of TN we are moving too is mild all year round and we are looking forward to it. We are on a plateau so we can avoid the natural disaster risks as well.
We're in the same boat, living here in Southern NH since 2001. Born and raised in CT for 30 years, then northern VA for 5. All of your points were excellent. Although doesn't bother me about the lack of diversity (and I'm black/hispanic). Tired of snow and ready to head south. Need a change.
Change is healthy! If you aren't growing, you are dying. If you move south and do not like it, you can always move back to some where more familiar. Thanks for watching and sharing.
Having lived in Manch Vegas until 2005 we moved to Fla. Our electric is less and all utilities are electric. No gas no oil. Prop tax not bad 8% sales tax ugh. But culture i miss. I travel around the US. Tenn is nice and we know a bunch of people that moved to tenn or NC from Florida. We called them half backs, as they went half way back. It would be simikar countfy living to NH
Thanks for watching and sharing! You are spot on, the area we are moving too looks like NH. Just better temperatures year-round... and it still has 4 seasons there which we did not want to give up. We dropped a new video last week which we talk about 'half backs'. People seem to get a kick out of that term.
To answer your question, for me it all comes down to one consideration. Where are my children living? If retiring early means I can know longer afford to live near them then I would never do it.
@@benjamincorrea7375 That’s a wonderful point! Our children are all migrating with us luckily. Thank you for watching and sharing.
NM is quite diverse and getting more diverse by the day. NM leads the nation in crime and other undesirable stats. Very sad.
Thanks for watching and sharing. Just looked at Bank Rates 2024 rankings for states and NM is the worst state for crime in the country. We would have never thought it was that dangerous of a place, but there you go.
I moved to NH from MA 30+ years ago. It is beautiful and i love my neighbors, but lately i too have become very hmm, idk what word im looking for but definitely thinking of leaving when we retire.
Im just curious what state you have decided to move to? I also hate winter but don't want to go too far south because BIG BUGS lol.
@@ridgetopcrafts4441 We are building a home in Eastern TN. The weather outside the Smoky Mountains is amazing year round. No place is going to be perfect, just have to find the place which fits you best! Thanks for watching and for sharing.
Is Masshole the word you are looking for?
I am considering retirement in NH and would take the NH cold over the heat and humidity of a southern state. Also, no income tax or sales tax is a huge advantage. Everyone needs to buy stuff and if your retirement savings are in a conventional IRA or 401k, you have to pay tax on that money when you withdraw it. Your property tax bill doesn’t seem that bad to me, nor do apartment rents. In Manhattan you can pay over $1000 a month just to rent a parking space.
Thanks for watching and sharing! Costs we suppose are relative to everyone. We are moving to TN and are estimating saving almost $2000 a month in expenses. That will shave 7 years off our retirement horizon. It really just depends what is important to you of where you end up wanting to settle for your final years. We wanted moderate climate and less expensive.
@@OurRetireEarlyJourney Yes compared to NYC, everywhere but Hawaii or the West coast will seem cheap. I am interested in NH because it is one of the few States with no income tax and a climate I consider moderate. TN is certainly cheaper, but for me the climate is not moderate. The summers are too hot, too humid and too long. Electricity would be cheaper of course, but I would use a lot more of it running the AC. BTW If you are building a new house, I would suggest considering a whole house backup generator. There are a lot of trees in Tennessee and there is some risk of Tornados in the Spring.
@@andrewgrant788 Eastern TN is very moderate in the Smoky Mountains. It’s actually warmer in NH during the summer months!
Wow that’s crazy! You’re definitely not gonna have those heating bills anymore in Tennessee Lol. Sounds like they’ll be plenty of opportunities for your kids as well. That’s awesome!!
NH is the most affordable of the New England states when measured in aggregate tax burden wise. The high property taxes are to be expected in a state with no sales and no income taxes. Plus if property taxes are a concern, they vary by town, and you can search around for towns with far lower rates and as a retiree, what do you really care if a town with low tax rate has mediocre schools that you will never use anyway. I have multiple properties in Maine, I come originally from MA and I have lived in California for almost 30 years, if I was retiring to New England, NH would be my first choice.
Thanks for watching and for the feedback!
A lot of people work in Mass or shipyard in Kittery, paying income tax there. I’m retiring and no way we can afford $1,000 month for real estate taxes.
I’m sorry, but that background is beautiful. And you live on 4 acres? I can hear birds in the background and I bet you have a lot of wildlife around you. Honestly, I would love to live there. I realize you have to be able to afford it but a lot of people only think about money when they choose where to live.
Thank you for watching and sharing. You are correct it is beautiful here. We have deer, bear, moose, coyotes and more visiting us all the time. We are moving to an equally beautiful areas that have all the same wildlife right in our backyard. That was very high on our list when selecting a place to migrate too.
Carroll county New Hampshire least property taxes in the state. Is the reason I chose that county tax rate for a reason. Oxford County Maine is better than York and Cumberland county as well.
Thanks for watching and sharing!
2:31 Those taxes are crazy. Bless you, from Tennessee.
Thank you for watching and commenting. We will be with you in TN in 8 months! Looking forward to it.
Healthcare should be great in NH. Only doctors and lawyers can afford to live there.
Our healthcare is amazing. That is one of the second biggest things we are giving up moving from this location. Thanks for watching and commenting!
That’s just wrong. The higher property tax offsets and is offset by the lack of income or sales taxes. Overall we’re a pretty low tax state, I just hadn’t thought about it affecting retirees differently.
@@gefiltefist2088 Thanks for sharing. When you are retired you aren’t making income nor buying heavily as a consumer. Property taxes are drastically higher as a percentage of your expenses in retirement. We couldn’t imagine spending over $1,100 a month in property taxes retired. That is in today’s money. In 20 years that will be $2,200+ a month. In the 20 years we have lived here our property taxes have been raised from $6k to over $13k a year.
Healthcare system in NH is overloaded. Not enough staff around. Lots of people left the industry during covid after given the choice to take the clot shot or look for another job.
Where is this new diverse lake front dreamland?
Well, we cannot be too specific but "our" dreamland is in Eastern TN. It might not be for everyone, but it seems about perfect for us. Thanks for watching and for the question.
Ill never understand the diversity issue, the way i see it, the more diverse, the more the crime. Living in NJ, Im looking for less diversity.
You aren't alone in that opinion. We appreciate you watching and sharing.
More diversity doesn't necessarily bring more crime. It can bring congestion, uncontrolled building & development, overloaded roads and inadequte public utilities. Think Lakewood.
NH has changed big time in last 4 decades. .lots of people have moved from MASS mostly democrats and changed the culture and ruining the state specially in Southern NH.
Absolutely correct. Policies and views have changed, culture has changed, costs have risen along with the attitudes. :)
DEms are good.. rethugs are fascists
If you don't like Democrats, you should live in a red state. NH is purple.
Half my family live in NH. Your property tax is jaw dropping. My nephew and his family rent in Manchester and they are struggling right now. Congats with finding a place close to the water.
@@itslisawright It’s disgusting. We struggle to find a better word to describe the costs. To some it seems to be no big deal, to us it is.
We did the Geo-arbitrage retirement thing in 2016 from California to central Florida. It’s far cheaper here and we are still in the US where we speak the language and still have a common culture with my neighbors. It’s been 8 years and we are glad we did it. As far as the most boring state chart you showed, I would not trust it. Florida is listed as a top boring state yet it is a top vacation destination in the US. That does not make any sense to me.
Appreciate you watching and for the feedback! We are excited to try it out. We already know we wont end up here in retirement. We are moving to TN and if that does not work out, then we will move again. Living in NH for decades we can assure you its pretty boring. FL is a fun state, we've visited many times!
Where do you live in NH? Claremont? That town has very expensive taxes. If you lived in Salem, you'd pay much less. NH does have dividend and interest income tax. Where are you moving to that only has $1500 for a newer similar property? NH is expensive precisely because it is near MA which is very expensive. I'm now living in MA and paying around $11,000 in property taxes because the town doesn't have much of a commercial base. On diversity, southern NH has lots of it. I'm guessing you live in northern NH.
Thanks for watching and for sharing. We are in South-Central NH. Prices have gone nuts over the past 20 years. Our property taxes have risen from $6,000 to over $13,000.
Where are you going?
Thank you for watching and the question. We are moving to eastern TN.
That snow is enough to say goodbye too! I'm in Eastern Washington and I'm still expecting there will be one more snowfall. Hope I'm wrong. I did it. I left Seattle at 55 years of age and moved to small town. Best decision ever. My electricity is $26 plus .06 per kwh.
We are so glad we are not alone in this. Thank you for sharing, it makes us happy to see others succeeding in such a life changing moment!
We are jealous of your electricity bill... last September our bill was $609. It has dropped some but for the past 2 years we average $406/month.
@@OurRetireEarlyJourneyI do happen to live next door to the largest hydroelectric dam in the Western Hemisphere. That helps.
where are you moving to?
@@mikekurt1364 Thanks for watching. We are moving to TN.
I live in NH, and I can definitely speak about the culture. People basically keep to themselves, but too much so. It's against human nature, in my opinion, and it's a very lonely existence socially,, whether you're alone or with a partner. I probably ought to leave, but I wonder where exactly is it better socially?
@@jerry3579 Thanks for watching and sharing. Isolation is a great word the culture here.
I think your funnest reason is, the Winters. Yes, we have long Winters here, we've always have. If you don't like Winter, you don't move here to begin with. I was born here, I don't mind Winter, but I wouldn't move to Alaska. I don't like the heat, that's why I don't live down South. I wouldn't need to move down South to know it's hot there.
Thanks for watching and for sharing. We were born and raised in the northeast and have lived in NH for 25+ years. You are correct, always long winters. We guess over time they have grown too long for our liking anymore. We all do grow and change overtime, thus that's why you see so many "snowbirds".
'Ex-pat' here with also 26 years as a citizen 1950- 1976. Two seasons.... Winter and bug. Winter is muted from what it used to be....and that is -40 degrees for a sold solid week. April?....and I can't see your breath? Got it easy...kids. Retire there? Um, nope.
Thanks for watching and sharing. -40 is crazy! We did you end up migrating too?
@@OurRetireEarlyJourney -40....the air in your automobile tires takes up enough less volume that overnight the tires flatten a bit on the bottom and freeze in that shape. It takes a while at slower speeds of course for the tires to get round again. Jarring ride. Got a college education ( geology ). The one job in NH for geology ( outside of teaching it....was the State Geologist that was occupied by one person...until that person died. I 'had' to move to find work in that field. That actually was the plan all along. I had hiked and backpacked most of the cherry trails and mountains....and some many times. Wasn't enough left to keep me.
Where are you thinking of going
Outside of the Smoky Mountains in TN.
Retiring in a 2,400 sq ft house with 4 acres? That's why your taxes are high. but no sales tax, a trade off?
Thank you for watching and commenting! That size house in many other states are far cheaper in regards to property tax. Our new home in TN, 1800sq ft, on 1/4 acre is estimated to be $1,600 a year. Which is far different than $13,000. For the savings of sales tax to make up that difference we would have to spend over $200,000 on consumer items (yearly) to come close to the difference in property taxes. Many of our neighbors are on a 4+ acres with same size house. I'm not sure how they financially do it being retired. The area is beautiful though... that we will miss!
@@OurRetireEarlyJourney Wow ! So well explained !! Your insights are highly instructive 🙏
Check out southern Maryland. It's not too hot or too cold. Property tax is not crazy high and low crime.
Maryland is rich in outdoors and cultural activities, ethnically diverse, with excellent health care and merely ok schools. Housing costs are about the national average, but there are good deals to be found.
My property tax in Maryland is about $4000/yr for a 1800 sf home on a quarter acre suburb. My electric bill is under $1500/yr and fuel oil, $1500/yr.
@@anastasiahopkinson5676 Maryland is a disintegrating blue state... Especially up near the DC line... It has a horrible estate tax and will only get worse too... I am leaving MD for Florida...
Lol, I hope this video was done as a joke! If not it is a joke! Really, it's cold, property taxes and the cost of electricity? Welcome to NE!
Well you should try retiring in Connecticut! I’m sure we’re in the top 3 in every category!
Amen to that! One of us (Jim) grew up in CT and ran far away from it decades ago! Historically corrupt and taxes on taxes. Never looked back from moving to NH. Unfortunately, New Hampshire has become Massachusetts slowly over the past few decades. Thanks for watching and sharing.
@@OurRetireEarlyJourney I've tried to leave CT on several occasions, lived in Boston for ten years, Maryland for two, five years in Atlanta, and even did a short stint in Hawaii, but we always came back. Tried retirement, didn't really work out for me, started a CZcams channel, wrote a book, and yes we're staying in CT, as my wife has drawn a line in the sand at Fairfield Beach. So we pay the taxes and keep plugging away. Good luck with your channel, we have about the same number of subs. Looking forward to seeing where you land, but I hear good things about Bluffton, SC!
@@boomerrangerron That could very well happen to us as well, we could boomerang back... never say never. At least we know what we are up against. We just subbed your channel and look forward to following your journey!
@@OurRetireEarlyJourney I've reciprocated because we smaller channels need to support each other and I'm also a big fan of collaborations with like channels. I very well might be doing some should you be hunting alone videos in the coming months as well as were Boomers can hunt in the Northeast! Wishing you both all the best on your journey!
Please don't come to FL.
I won’t and if I do, it’s for only 6 months a year…
No need to worry about us trying to change anything anywhere else.
You just noticed the lack of diversity now? After 20 years?
More likely when the kids got out of school.
Thanks for watching and commenting. The more you travel, the more your horizon grows. We unknowing sheltered ourselves. It's a touchy subject as some people like it the way it is, which is great. Diversity in thought and opinion are necessary for a comprehensive understanding.
Be careful what you wish for on the diversity issue. As a white man in California, I am a minority and have been on receiving end of racism. There are some bad hombres out here who had nothing to bring except their own bad behavior.
Thank you for watching and commenting. Appreciate the perspective. We aren't planning on putting ourselves in an environment where we couldn't thrive and grow socially. Unfortunately, there are bad people all over and its terrible you've been on the receiving end of racism.
If only if we can go back to the days when white people were able to be awful to everyone and they couldn't say anything back.
@@OurRetireEarlyJourney Dip your feet into the pool in Lawrence, Lowell, and Mattapan. Or head out to Western MA for more cultural diversity. Bring Kevlar.
Complaining about power outages? Uh, 25yrs there and you don't have a generator? And don't like the cold? Again: 25yrs and you grew up there and it still sucks? High prop taxes? I've got 1-3/4 acre w/1350sqft home in NJ: $15K a year! Uh, 'cultural diversity'? Let's see how much you embrace the overload of cultural diversity you'll face outside of that bucolic bubble when it's litterally suffocating you. (Where I am, our escalating 'cultural diverse' poplation has taken over our streets, stores & local government. Just wait.) Electric/utility bills too high? Tennessee is almost the complete climate opposite of NH. 7months of cold, you say where you are now? Try 7mnths of heat and intolerable humidity in Tenn. Quite possibly the cost of running the ac an equal number of months (if not more) that you ran your heat in NH balances out. Having said all that, I truly hope you both enjoy and are at peace w/your new digs and surroundings. Stay healthy. That's the key no matter where you live!!!
Thank you for watching and sharing. We will miss a lot about NH, just not the cold. Your property taxes are insane. We know NY, CA and TX are really high as well. Where we are moving in TN is not unbearably hot, its in the mountains in high elevation. We've been there in summer (July & August) a few years and believe it or not it was actually hotter in NH with higher humidity during those same timeframes. Middle TN and west has brutal heat, which we want no part of.
Thank Biden for oil and gas
Thanks for watching and sharing!
Where do you live in NH? If you're up on God's country in the north you're gonna get a lots of snow. Move south and it's better. Move to a different county and your property taxes will be lower. NH has income tax, except interest and dividends and that's being phased out. Has no sales tax either. Reason to move is that the state is infested with liberals that moved from MA to NH, bringing their loony ideas with them. Weather kinda sucks but you get the four seasons. Gonna get hotter down south due to global warming. NH property is high and so is rentals. But you're gonna find that anywhere in New England. All of New England has high utility costs. It sucks. Maybe you should run a weed farm to off set those costs? :) Healthcare is great but expensive. Cultural diversity? What kind of diversity are you talking about? Gay parades? Ethnic melting pot? Perhaps you live out in the middle of nowhere. Go to Manchester and you can get that. Or skip across the border to Lowell or Lawrence. If you're bored with the environment then absolutely move. People move to NH for the nature. It would be like moving to Bozeman, MT and say it's boring because the only night life are moose and bears. Well, you could go to Manchester. It's got decent night life. But crime is kind of high and it's really just booze / club city. Not much in terms of cultural places. As for people being "icy" and more "conservative" to themselves, I agree with you. But that's all of New England. Now if you're talking conservative, NH used to be a conservative state but you'd have to go back to the 60-'70's to see that. The Massholes have taken over the state. It's not conservative anymore.
Where you moving to? You check the pros and cons of that state? It sounds like you have given this a lot of thought. And as you know, a new house with a lake view in NH is gonna run a lot of bucks. Something decent (not wow) you're probably talking 500k. Good for you that you folks found a place where it's pretty much going to be a wash financially and you'll be in a place you'll love.
Thanks for watching and sharing! We live in south-central NH. We are relocating to Eastern TN outside the Smoky Mountains. We are estimating the cost savings per month to be around $1,800 in taxes & utilities. It's such a significant difference in costs. You are right about all of New England being "icy" and standoffish... we have spent many years in CT & MA and have experienced the same.
@@OurRetireEarlyJourney Wow, that's a ton of money saved. You folks are making a good movie. I've heard a lot of nice things about Tennessee. One of my best friend's father moved there from NH. Do you think you'll miss the coast? Probably not for swimming. The water is frikkin cold. I'd never CT in CT or MA. You give any thought to NC or SC?
@@squirrelattackspidy We did look at NC & GA, and were supposed to visit SC but never made it. We hit TN and that was it, search was over. We are settling on the eastern side. It has all 4 seasons like NH, but all are moderate... even summer! We've been there 3 times in the summer now and it was hotter and muggier in NH then in the eastern TN mountains!
@@OurRetireEarlyJourney so was Eastern TN okay climate wise up until recently but now it's hotter and muggier than NH in the summer? That would suck but you still have the cost savings every month. That should cover the electricity for the AC and then some. 😊
Diversity isn’t all it’s cracked up to be.
Thanks for watching and sharing. You aren't alone in that opinion as we've received the same feedback from others.
So accurate. I’ve lived in 6 countries and spoken 5 languages. I lived in all the NE states, CT and NYC. NH is my least favorite in NE. I presently live in VT and have lived here on and off since 72. It’s my favorite. Each state has its better areas. Unfortunately those areas are usually the more expensive ones. The worst part of NH is that it’s right wing and going further right every year. It’s loaded with Trumpers, bikers and militia types. It’s Guns, Gears, God and Guts. A place where men are men and goats are afraid of them. If you’re a red neck, under educated, never traveled, racist, love a police state, then this place is for you.
Thanks for watching and sharing! We've lived in CT, MA & NH and we prefer NH to the other 2, although its becoming more and more like MA. There are however a lot of Trump supporters here like you stated, which is not what you would typically see in MA. We will say though, its an ascetically beautiful state!
So basically you want everyone to know that sissy"s do not fit in.. ...
I liked living in NH for awhile, but it is kind of boring and expensive. The shopping is terrible. The food is blah. There aren't a lot of brown people so getting my natural hair done or getting products for me requires me to take long drives which is annoying.
This state could be so much better, but the leadership is worthless. The costs of the homes and apartments are ridiculous and it just feels kind of hopeless.
I love the weather most of the time and I haven't had a problem with the people. I'm friendly so I smile at people, have random talks with strangers, and hold open doors at the gas station or a restaurant. I don't see a lot of people doing it, but it does happen from time to time.
I hope the state gets better, but I doubt it will, especially if we keep voting the way we do and keep allowing the same rich and greedy people to enact worthless legislation or pass up on ways to grow the states economy.
Good luck to you both.
Thanks for watching and sharing. Rarely does anyone ever hold a door open for you here. You walk down the street and zero eye contact, never a greeting. It's changed over the past few decades.