Escaping to the sea? Headed to the mountains? Where will you land once you retire? Whether you’re staying put, relocating, or considering a second home — where you reside impacts your quality of life. Of course, other factors such as finances, family, friends, and hobbies come into play, but where you live is a decision not to be made lightly.
If you’re looking to relocate, do a bit of research. With offices located in both Wilmington and Rehoboth Beach, our team at Integrated Wealth Management is quite familiar with life along Delaware Bay. And while we may be a bit biased, it’s no surprise to us why retirees love Rehoboth Beach.
Soak in the sun
The coast of Delaware offers sun and sand while providing a desirable sense of financial security thanks to our unique tax breaks and reasonable cost of living. For many retirees, Delaware checks all the boxes as the perfect place to call home.
With its proximity to Washington, DC and Philadelphia, many trade the hustle and bustle of the city for a slower-paced life along the coast. But Rehoboth Beach offers more than picturesque ocean views; the opportunities for a vibrant social life, involved residences, and the presence of the arts make for a rich community.
Live a life of leisure (or adventure)
The boardwalk lining the town is perfect for a stroll and enjoying local entertainment. Wander off the beach and you’ll find many casual and fine dining options throughout the town. The area is also home to many craft breweries, Dogfish Head is a local favorite you’ll regularly find on tap. Living the life of leisure sure is easy here.
Have a love for the arts? The area's philanthropic residents proudly support the Rehoboth Art League and Clear Space Theatre Company — both offering events, entertainment, and educational experiences.
For those seeking a bit of adventure, the options are endless. Head to the water for fishing, kayaking, boating, and sailing; or stay on the mainland where you’ll find endless biking and recreational sports galore like tennis, pickleball, and golf. And with just a short drive you can enjoy the peaceful bay or hike through local state parks.
Enjoy a sense of security
While some worry about boredom during retirement, that simply isn’t the case here, and it’s easy to see why! But beyond keeping your social calendar booked, Rehoboth Beach provides a welcomed sense of security. We’re talking about financial security — for many, this is an important factor when supporting your desired lifestyle on a retirement income. Here are a few examples of how the state of Delaware is relatively easy on the pocketbook:
Social Security benefits are exempt from state income tax in Delaware.
If you’re 60+ you can enjoy up to $12,500 from a pension or other eligible retirement income each year free from state income tax.
Delaware does not impose an inheritance or estate tax.
Delaware is known for relatively low housing and real estate costs.
Zero sales tax — what’s not to like?
Retiring in Rehoboth Beach, Delaware
What do you think? If you’re in the area, then this was simply a reminder of how lucky you are to call Delaware home. But if you’ve never visited, we’d love to have you, and we challenge you to put your retirement location checklist to the test while you’re here.
Whether you visit for a vacation or decide the coast of Delaware is where you want to live out your retirement years, the advisors at Integrated Wealth Management are eager to help make your retirement dreams come true.
You don’t have to live in our area to take advantage of our thorough and personal wealth management services. To learn more about our team and retirement planning services, browse our website or set up a meeting for a full review.
But when you do visit, you’re more than welcome to visit our office in person. And you can be sure we’ll send you off with a list of our favorite things to see and do in the area.
Ready to discuss what’s on your mind and learn how we may be able to help? Schedule a complimentary, 30-minute phone call with an Integrated Wealth Management Advisor today: