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Kiplinger
Kiplinger
Business
Donna Fuscaldo

The Rise of the 'Half-Back' Retiree: Why a Perfect Florida Condo Isn't Enough

A middle aged couple appeared indifferent to each others' company over iced tea together in a restaurant.

Question: My wife and I are both 68 and have always dreamed of living in Florida near the coast. We finally did it when we retired about a year-and-a-half ago. We sold our house in Albany, New York, and headed for Boca Raton, Florida.

Besides the coastal life, we were drawn to Florida because there is no state income tax. I have a large 401(k) balance and don't want to worry about paying taxes on withdrawals.

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