I’ve toyed with the idea of retiring in Nevada for tax avoidance purposes. Some friends just retired to Henderson and we have other friends who have moved there as well. They purchased a home there and spend 8 moths a year there so they do not pay Ca income tax. Their tax savings equals their mortgage. I realize they are an anomaly with a 250k annual retirement income. They gave their paid off house in SD to their adult son and his wife and grand kids under the agreement that they can keep a bedroom and summer there 4 months a year to avoid the heat in Vegas. Plus they tend to travel abroad during that time too.
Flyer, what do you think of Henderson? Options I’ve looked are a house in henderson or summerlin or a condo or a condotel on the strip in retirement and keeping the Temecula house, I would avoid about 1500/ mo in state income taxes but with the added expenses of two residences (utilities, repair, taxes, housekeepers) always keeps me at bay. We would not be able to rent out the Nevada place for more than 5 months a year or we’d forfeit the tax savings (making the condotel inviting), we may not rent out either place so we could come and go as we please. We do have a very large family who could make use of whichever property we were not at. More than likely we will just have one house in retirement and just pay our taxes and bitch a lot.
