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Feb 21, 2024 · Small-town Virginia is an ideal retirement destination if you envision daily strolls through historic neighborhoods and access to outdoor recreation without the bustle of city living. The Old Dominion is home to adorable rural localities that pensioners wouldn’t think twice about settling in.
- 8 Best Places To Retire In Virginia - WorldAtlas
Bedford, a charming town with a rich historical heritage and...
- 8 Best Places To Retire In Virginia - WorldAtlas
Oct 4, 2024 · Summary. Virginia is a popular retirement destination for many Americans seeking a peaceful and scenic environment with access to outdoor activities, cultural events, and a mild climate. Virginia has relatively low taxes compared to many other states. Social Security benefits and retirement income are exempt from state income taxes.
- Is Virginia A Good Place to Live For Retirees?
- Is Virginia Tax-Friendly For Seniors?
- Do Seniors in Virginia Pay Property Taxes Over 65?
- What Benefits Do Seniors Get in Virginia?
- Where Is The Best Place to Retire in Virginia?
Retiring in Virginia means beautiful landscapes and reduced taxes. But the state does have a slightly higher cost of living than some areas of the country. If you can find a more affordable city with access to amenities, you may be able to enjoy the best of all possible worlds.
Virginia is moderately tax-friendly for retirees. Social Security income is not taxed, but other types of retirement income, like private and public pensions and withdrawals from accounts like IRAs and 401(k)s are taxed. However, retirees may qualify for a deduction of up to $12,000 on their taxes if they meet the age and income requirements.
Seniors generally pay property taxes in Virginia, but most cities and towns offer property tax relief for retirees over the age of 65. The tax relief will be calculated based on your income and the value of your property, and will vary from municipality to municipality.
Virginia’s Office of Aging Services offers a number of programsfor seniors and retirees, including transportation, legal services, disease prevention and nutrition help, as well as your standard programs like Medicare and Medicaid.
Before you plan your Virginia retirement, take some time to look around at the many options the state has to offer. You can retire to the beach, the suburbs, a small town, or the mountains. If you’re a history buff, the state has plenty to offer there, as well. Here’s a rundown of some of our favorite Virginia towns to help you start your search.
Mar 15, 2024 · Plentiful parks, trails, and golf courses help retirees enjoy an active lifestyle. With a mix of vibrant metro areas and charming small towns, Virginia has something for every pensioner. This article explores towns in Virginia that consistently feature on lists as great places to retire.
- Patricia Doherty
- Falls Church. Just a short drive from Washington, D.C., Falls Church combines all that the nation’s capital has to offer with a small-town atmosphere. Niche.com gives the city an A+ for its community amenities, urban feel, and excellent schools.
- Roanoke. Set in Virginia’s Blue Ridge Mountains, Roanoke offers a charming downtown area with restaurants, boutiques, antique shops, and farmers markets.
- Ashburn. A suburb of Washington, D.C. in Loudoun County, Ashburn has a cost of living that's 48 higher than the national average, but 42 percent lower compared to other cities in Virginia, according to BestPlaces.com.
- Charlottesville. Charlottesville’s location in central Virginia provides outdoor recreation, mountain trails, and gorgeous scenery just about an hour from Richmond and 2.5 hours from Washington, D.C.
Nov 10, 2023 · The best places to retire in Virginia not only provide scenic views but also offer a plethora of activities, access to healthcare, and communities that prioritize the needs of seniors. Here’s a rundown of the best places in Virginia to retire based on a comprehensive assessment of key factors that are important to older adults.
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3 days ago · Bedford, a charming town with a rich historical heritage and a warm, welcoming atmosphere, offers a variety of attractions. The town is also known for its reasonable cost of buying a home, which is $269,763, making it an attractive option for retirees. With 19.2% of the population over the age of 65, Bedford provides a comfortable setting for ...
