I'm moving from Maine to Texas for retirement. Where should I buy a house with $3,750 to $4,200 a month in retirement income?
I want to retire to Texas. I will be moving from Maine within the next five years and would like a location that has freshwater and some national or state parks. I estimate my monthly retirement income in the range of $3,750 to $4,200. I will be buying a house and selling the one in Maine. Some of the equity will be used for college.
Taxes can be a big focus for retirees, and Texas appeals to many because it doesn’t have a state income tax. While the overall tax burden is low, sales and property taxes are on the higher side. If it’s city living you want, look at New Braunfels, 30 minutes away on the Comal and Guadalupe rivers, home to 90,000 people and with easy interstate access to both Austin and San Antonio.
Other options are the University of Texas at San Antonio, less than an hour’s drive from either New Braunfels or Canyon Lake, and the University of Texas at Austin, less than an hour from New Braunfels. These two big schools also offerauditing options.To get a sense of the housing your money can buy, here’s what’s on the market now in Canyon Lake and New Braunfels, using listings from Realtor.com .
You play an instrument? Check out the local symphony orchestra, a mix of professionals and amateurs. If you like to golf, you’ll have plenty of choices. The Chamber of Commerce counts more than 20 public and private courses in the county. Conroe isn’t a retiree haven, although it does attract plenty of snowbirds. About 13% of the city and county population is 65 and older, less than the U.S. average.
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