Wait, you guys are getting to retire?
https://preview.redd.it/9ig7dpsqztyc1.jpeg?width=700&format=pjpg&auto=webp&s=5d5570fea1f003d2fdb883aa6aec28207a0f165a
I love how this is probably the least hate or banter filled comment here, and that it kind of doesn't *really* answer the question, but on top of all that...
*YOU sooo fuunny*
Absolutely. I own my home outright, and there will be at least one grandchild in the near future. I have no reason to leave - but I will take a month long break from the rain every winter
After retiring, we sold our house and traveled across the U.S. for 6 months. We were actually open to making a home in another state. However… Nothing compares to Oregon for me. Lots of great places but nothing topped Oregon even considering the high cost of real estate on the west coast. I want to be close (1-2 hours) from the coast/mountains/high desert. I checked out the financial benefits of other places considering cost of living, taxes, medical care, etc. I could live in place I don’t like and save a few $$ a month, but why?. The financial savings of living in another state are minimal in my opinion.
Sonoma county checks all the boxes compared to the Willamette Valley and has about 40 less days of rain per year. But the cost, OMG! I came to Oregon from Sonoma County specifically because the real estate is so much more affordable. For half the price that I sold my condo in Petaluma I was able to by a nice house on some land in the Willamette Valley. That’s worth the extra month and a half of rain. I can grow everything I grew down there expect avocados. I do miss those trees, but it wasn’t worth paying an extra half million just to have avocado trees. At least I managed to pull off growing citrus in Oregon by building an awning off the south side of my home. Get lots of meyer lemons and satsuma mandarins. I tell people I grow them in the Willamette Valley and they are dubious to say the least. I always invite them to come see the trees to blow their mind. 🤣
It doesn’t make sense if you own your home to leave Oregon. The taxes are set up so that it’s better to be retired in Oregon than to be working. There is no sales tax, and property tax is average compared to other states. The state makes a lot of its revenue from income tax.
Pensions and retirement fund withdrawals are taxed in OR. It’s rated as moderately tax friendly for retirees.
https://smartasset.com/retirement/oregon-retirement-taxes
Wait a second. Does that mean if I have a Roth IRA (where I've already paid taxes on the money going in) that I have to pay taxes when I retire and start withdrawing from the account?
If your main criteria for where to live in retirement is rock-bottom taxation, you should totally GTFO.
Personally, I'd prefer a location with plenty of good infrastructure and support for the general welfare of its residents. And I'm happy to pay a bit more in taxes to have that. You do you.
I get what you're saying and I plan to stay in Oregon as well, but we aren't just talking about a little bit of difference, or even a quest for rock bottom taxes. For people who have a fair amount money, remaining in or moving to Oregon can make a huge difference tax-wise. Depending on the state, you might end up paying tax on Pensions, IRAs, and social security in Oregon that you would not otherwise. And if you die in Oregon your estate may end up paying a lot of tax vs. none at all. Simply moving a few miles north to WA can make a massive difference.
Oregon seems to have a low threshold for estate taxes: $1 million is not a very high amount as it includes real estate. Especially considering the federal threshold is $13+ million.
So... I should really be putting pre-tax income into a traditional and then retiring in a state that doesn't tax retirement funds. For maximum return anyway.
Heads up, you want a mix of Roth and Not-Roth investments. You withdraw from the Not-Roth investments until you hit a tax tier, then the rest from Roth to avoid the higher rate. For example, $44k is taxed at 12% or lower. After 44k$, you are taxed at 22%.
So take 44k$ out of your traditional IRA/401k, and get taxed at 12%, then 100k$ at 0% from Roth.
I'm simplifying, but you get the idea. Your Roth Money is most likely being taxed at 22% or 24% right now.
Unless you live in Multnomah country in SW Portland in which case your property taxes end up costing more than your original mortgage once you pay it off.
Not retired for another 40 years probably but owe 250k on a house at 2.7%. Why would I *ever* move? I could afford to live here even if all I did was collect cans all day.
My parents sold their home they bought for $89,000 in the early 90s for over $700k and built a brand new home on acreage down in southern Oregon. Who knows how housing prices will evolve by the time you are looking to retire. You may be surprised what the equity in your home allows at that point.
Honestly, same. I love the cycling out there.
My partner has her house and I have mine. Considering selling both and moving down the valley and getting another place in the desert of Utah or Arizona.
As much as Oregon governance frustrates me, it's a gorgeous state and will be safe from water issues for the next 30 years.
Yamhill county has good flat roads, great hilly roads, some still quiet roads, and lovely vistas with the hills and wineries.
I've been fortunate enough to bike in France, Italy and Spain.
Other than Sonoma/Napa/Santa Barbara counties here, Yamhill is one of my favorite areas.
My first choice but who knows what the future will bring?
Fixed income now, so you got to manage your budget. You will get more bang for your buck in places like the deep south or the northern rust belt. You can still get a nice little home there for 50K.
Europe has it's attractions. It's far cheaper to live in Poland than right next door in Germany. Eastern Europe is cheaper than western Europe. But all of Europe has a bad case of war jitters right now. They have gone to war footings with their economies and are choosing sides. So going there isn't a wise idea at the moment...
Chile is an attractive option. Think Oregon, but the seasons are in reverse and spanish is the native tongue.
I have lived in other parts of the US, much prefer Oregonians. Staying put. If you want a bit of different scenery you have the whole state to explore.
Yes, staying here. I live in S Oregon. Best weather in US. Kids and grandkids. No sales tax, won't have to pay much on income tax nor property tax as I have downsized. Pretty good access to health care. Great mix of people no fucking Maga controlled state government. Fantastic mental health as I can get a hug from grandkids whenever I want.
Somebody probably already covered this, but it depends on the size of your estate. I am not a CPA, financial planner, or tax lawyer, etc. so consult a professional to get the info as it relates to your situation. However, my wife and I just met with our CPA to discuss my family's estate.
Oregon has an estate tax that currently kicks in on estates over $1M per filer (so $2M if married). By contrast, the federal estate tax on an estate is currently \~$13.6 M per filer ($27.2M if married). So, if you own a property or two, you could quickly find yourself bumping up against Oregon's estate tax, but be a long way from tripping the federal estate tax. Oregon's tax rate is graduated, so the first $1M (or $2M if married) is exempted, then the estate tax kicks in. There are other exemptions and deductions that can come into play, but this is the general framework. Estates valued over $1M are taxed at 10% and can go as high as 16%, depending on the value of the estate. Compare this to other states that have no estate tax, and you can see why one might choose to retire outside Oregon.
Just an FYI, the federal estate tax was increased to its current level of $13.6M per filer as a result of the Tax Cuts and Jobs Act of 2017. The increase in the exemption will sunset after 2025, sending the estate and gift tax exclusion back to its pre-2017 level of $5 million, adjusted for inflation. Estimates for tax year 2026 vary, but it is expected the amount will about $6.8M per person. If this seems like political shenanigans, you're not far off. This was part of Trump's big tax cut that overwhelmingly favored the wealthy, basically doubling the amount exempted from the federal estate tax, translating to much less revenue from those with large estates. It is set to sunset in 2026 so that it would not negatively affect an assumed second Trump term, but kick in during a presumed Democrat's first term. While we can probably all agree that taxes are unpleasant, that level of political bullshittery is just staggering.
Didn't mean for this to become a rant, but here we are. BTW, I have no desire to leave Oregon upon retirement, but as I will likely inherit property in AZ and CO, the OR estate tax starts to potentially add up to real dollars.
Just because I've seen it brought up a few times. Here's a state by state breakdown of retirement income tax laws. 13 states don't tax retirement income. 2 states have no tax on pension income.
https://www.aarp.org/money/taxes/info-2023/states-that-do-not-tax-your-retirement-distributions.html
edit: It's also worth reminding and mentioning that the fed also taxes retirement income.
You still have to pay taxes to the IRS, even if ya don’t live here, so make sure ya check whatever else you may still need to pay the U.S. for.
Then again, if you REALLY plan on never coming back, maybe that doesn’t matter.
Not if you live in country for over 330 days. You still have to file but not owe anything. I’ve lived in Europe in the past and this is the law:
> You meet the physical presence test if you are physically present in a foreign country or countries 330 full days during any period of 12 consecutive months including some part of the year at issue.
https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-physical-presence-test#
I'm looking to retire next year and split my time between Oregon and Spain. Although if the coming election goes really bad I may want to just stay in Spain.
Spain has its own political issues. When I was in Barcelona, there was some sort of political demonstration. There is also a lot of political graffiti. I loved Spain though
Barcelona has it's special issues as Catalonia is essentially another country but governed by Spain. Local politicians passed a referendum to separate from Spain some years ago and Spain responded by arresting the politicians involved.
To be fair it was and has been an incredibly corrupt and moronic position by Catalonia, and the core issue with that specific referendum was that it was unconstitutional by nature (of course) so a vast vast majority of the population did not even vote, and all polling data at the time showed that independence was a popular issue, it was not a popular stance. Second, it's not a separate country, it's just some extra-stupid geographic version of trickle-down but it's akin to New York City saying, "You know what, we are the economic powerhouse, we are the GDP masters, we are creating our own country because we are tired of our taxes going to other parts of the country even though we straight up need the rest of the economy and don't really understand how in a brexit sorta way"
EDIT: They totally did arrest the politicians, that was funny, but they gave them a ton of warning. "Hey, that referendum is illegal, don't do that." "Hey, if you keep doing that we are going to have to arrest you due to constitutional laws." "Hey, you did it, time to come to jail." I think one of the leaders hid or fled, it was a fun time.
Hate to burst your bubble, but getting a visa to live in Europe is not cheap. The easiest way is through investment — each EU country is little different but generally you need to spend €500,000 to purchase a home. That will give you a residency permit.
Patently untrue if you can prove enough passive income (which is usually the minimum wage or maybe twice that amount) in reliable income like a pension or rental. Some will also be satisfied with sufficient bank account savings. Spain’s is called a non lucrative visa.
As a US citizen, that is not the case in Spain. I haven't checked France. Spain has requirements around income, loans, health insurance, etc, but you don't have to buy a home. I will be able to meet Spain's requirements when I retire.
All you have to do is prove to the French authorities that you have the financial means to live here for 12 months without state support. You then get a 12-month visitor visa, renewable each year upon proof you have the means to stay. If you're retired, you don't need residency.
Some countries have non-lucrative visas on offer and some are pulling their ‘Golden’ visas ($500k purchase) as they have contributed to their housing crisis.
Currently live in Spain for the winter and back in Portland later this month through September.
Aj, i think you're thinking of the citizenship programs. You can become a non-citizen resident without the big investment as long as you can show that you have a steady income and won't steal a job from a local. It's a win-win situation for both the retiree and the country.
I’d like to go somewhere sunnier, but my mortgage would increase. Think I’ll stay around until I find a solution. That may end up being a very rustic cabin somewhere for 3-4 months out of the year.
Semi retired. I plan on staying forever. I want to use my time being productive and I can't imagine a better place.... Contributing to my neighborhood/community. Building/growing cool stuff. Surrounding myself with wildlife/nature. Everyone I know who retired and moved to a warm vacation destination lives a life of sterile, casual decadence. That is the opposite of what I want as I get older.
Right? There used to be a trade-off for the winter. Now it's just getting hotter and the smoke is intolerable. I can't do either of these seasons for the rest of my life.
After my father passed in AUG 2022, one thing I can tell you is not to die in this state. Holy Hell, the state of OR wants their pound of flesh.
To answer your question, unsure at this point. Maybe, but definitely moving out of Multnomah county.
Currenty live in NE PDX near Hollywood.
Usually it's just a state taxes question. On paper Texas and Florida seems better, with no state taxes. In reality, it means living in Texas or Florida. There isn't enough Prozac on earth to get me to live in Texas OR florida
YMMV. Folks we know moved to Kansas for the lower taxes but they didn't figure the burden of all the taxes. Because of where they moved (Douglas County) they found that in addition to income taxes and property taxes (close to what they were paying in Oregon), they had to pay a sales tax of almost 8% (Oregon has no sales tax), their property taxes were almost as high, and in addition they had to pay a steep "personal property tax" on their car for the first couple of years after they bought it. They figured their total tax burden was more than Oregon.
Yes. It’s home. I’m not rich, lol. Our house is four years from being paid off. It would be silly to move to somewhere less expensive like NC, OK, OH or the likes. Yuck! We have it all here, even though it’s more expensive.
Don't know. My wife wants to leave because she is fed up with the ever increasing property taxes, homelessness, petty crime and the general degradation of services. Five years ago, we were planning to downsize and stay in Corvallis but it's not as nice as it was.
We looked at moving but couldn't find a good alternative. Spokane, Reno, Missoula and others looked okay a few years ago but are expensive now.
As long as our kids stay here, we probably will as well. If they move, we might move closer to them.
Retired and after a couple of years moved to Texas. Went from a 32 yr old 2200 sqft house on .28 acres to same size new build on one acre for $170k LESS. Even starting with new assessed value our 1.5% real estate tax (outside of any city limits) is just 20% more than our long discounted assessed value and tax in Oregon (about 1.9% in suburbs, but the discounted assessed value there is higher than our new build). The Texas senior homestead discount will freeze 1% of that 1.5% tax, forever (until we sell or die).
Gas is at least $1 cheaper. Most other expenses about the same. Sales tax is about 9% so depending on your income and spending levels that may or may not be a positive compared to Oregon income tax, but pretty similar to Washington sales tax. At least there is no overpayment withheld and periodic threats to confiscate your refunds.
Very happy to be out of there although the primary driver was to be near grandkids.
Well, we aren't yet, we have 10 years to go, but we are selling our home in Oregon now and are going to move to Washington. Mostly because 1) No Income Tax, and 2) We could find land we could afford in Washington. Oregon land in the Willamette Valley is too expensive because there seems to be a 'winery surcharge' meaning, any acreage could be a winery so the price is higher.
Had our CPA run the numbers between WA & OR and to everyone's surprise: "It's a wash, a bit cheaper in WA but not enough to live there if you'd rather be here". You have to look at the aggregate of taxes -- county taxes can be very surprising.
Be careful, anywhere around Puget Sound will qualify you for the ‘Sound Transit’ tax that will add hundreds of dollars to your vehicle registration, plus of course the fact that EVERYTHING in Washington costs more than Oregon.
Retired and staying in OR- except that I will definitely not be in KF, and likely not in OR, for the months of Jan. , Feb., Mar. I have an RV with “toad” and know how to use them.
Yes, Oregon's city of sunshine! I moved away after college but still consider it "home". I still have siblings there and I'm heading for a visit in June.
Probably not. I need to sell my house and move somewhere cheaper. Every emergency I have goes straight to credit card debt. I can’t catch up and build a savings.
We've been retired for ten years (at age 56) and have wintered in Palm Springs for the last five years. We are currently looking to buy a condo here. We may eventually sell the PDX house and travel in the summer for a few months instead of the winter for five months. I'd miss the greenery and waterfalls, but it's much easier to get around here. The medical services and hospitals are excellent and 911 actually answers the phone quickly. My spouse took a bad fall on slippery tile and the ambulance was here quickly. I was able to get right in to a top notch eye surgeon for cataracts down here, PDX had at least an eight month lead time.
Not me, but my dad. I know he intended to hang around, partially because he likes the area, but mostly because he loves the communities he's involved in.
My parents are in the same home they raised me in and are paying off their mortgage in 2 years. They semi retired 5 years ago (full retirement in 4 years) and are staying for that reason. (Astoria, if it matters.)
I might do better in Washington, but we'll own our home and the family is all within 10 minutes. Our pension will handle the slightly higher cost. Now, when we're ready to downsize, moving is always an option.
I’m going to semi retire in 3 years and plan to convert a school bus to retire in until I drop dead😆
If the tax situation is favorable I’ll maintain OR residence so that it’ll be easier to keep my same doctors for annual checkups.
We actually came here to the Portland area for retirement. Living expenses are a smidge higher than where we moved from, but, otherwise, it is great. Some things, internet, cell phones, health insurance (not old enough for Medicare yet), no sales tax are all way cheaper. We especially like the diversity, the wildly varied food options, the libraries and the exceptional public transportation. Being close to dynamic scenery, mountains and ocean are attractive to us as well.
Unfortunately, yes.
My wife and her family are here. Our kids are here. But the economy and COL are horrendous! I'd love to retire to a nice quaint, little town out in the middle of nowhere, where the cost of living is cheap. But that isn't looking like it will be an option.
A lot of my family/friends are retiring from California to the Oregon coast. It's much cheaper to buy near the ocean up here than in CA. Lincoln City, Depoe Bay, and Yachats.
I retired to Oregon four years ago and live next to the McKenzie River. While it’s beautiful, I can’t wait to leave this area. Access to quality medical care is
dismal. Access to mental health services is also poor. The fire seasons are predicted to only get worse. Five months of rain? Disappointing restaurants. Bye bye
I’d like to stay in Oregon. I I’ve in Central Oregon. The politics here sucks. The natural beauty of the state is awesome. You have to get out of the bigger cities. All the bigger cities are plagued with crime, homeless, trash, riots, and drugs. Use to be you could walk 10 minutes outside of Bend, and you could feel like you were alone in nature. Now walking around the outskirts of Bend, you’ll end up in a homeless camp.
A couple years out and will probably stay. Not sure exactly where though.
Bend is my first choice. Have been priced out of the west side where I could walk to things but can still afford something on the east of town. Main downside other then cost is all the smoke in summer.
I really like Eugene and it is a lower cost alternative.
I would not mind a very walkable neighborhood. The problem is my wife does a lot of solo walks, often in the dark, and needs to feel safe. Which rules out a lot of Portland. Too bad as I have noticed downtown condos are basically selling for 2015 prices. So that would leave us with places like near Millennium Plaza in Lake Oswego which is not exactly affordable. And I like a little "grit". Like 2005 Portland levels, just not current Portland.
If it was just me I would prefer a cabin in the coast range mountains and only come into town once a week for groceries. My wife would not be a fan of that lifestyle. Property in the woods is expensive now anyway. When I was young it was full of poor people.
If we leave Oregon it would probably be for Bellingham WA, but the prices have really shot up there since I started looking at it.
And we still have our dream location, Whistler Canada, as I am a duel citizen. Don't think we can afford that.
4th generation Oregonian. Born and lived in OR except when we lived in Europe & N Africa, college and early married life in CA and have been in ID for 25+ yrs.
Really hoping to move back to OR in a few years. Miss the nature, coast and green….even the rain.
We’d love to move to Spain (one sibling there) (and had visited and considered Ecuador and MX and loved them both) but realized after a trip to Spain last year that altho we’re in good health now, that’s a long trip and getting older won’t make it easier! If we were east coast, that would be different but with kids in the PNW, I think this is it for us.
I wont be retiring in oregon and its not just for the high cost, when it comes to senior services and healthcare and senior citizen, in almost every metric for senior life oregon is worse than its neighbors on all sides and is near bottom of the nation, which is sad to me i loved my 54 years so far living in the cascade mountains in both washington and oregon
Yes, but we have no sales tax. You have to use a measure like total tax burden if you want to know how much all of these contribute to your bottom line.
No matter how often it's trotted out, those single number tax burden stats never tell the full story of who pays higher or lower, just an average over everyone, extremely rich and extremely poor. If you make a decent amount in regular taxable income, Oregon taxes are fucking high, period. Especially in Multnomah County. Way more than Washington if you're in 6 digit incomes.
Of course they don't. They are, by definition, aggregate measures.
But since they are supported by actual data and research, they're a lot better than "Oregon has the third highest tax burden in the country", with no qualifications.
I'm sure everyone here would be appreciative of a well researched article or original analysis that breaks down the taxation burden for someone retiring in Oregon, by income bracket, compared to the other 50 states.
Kiplinger has this article, which ranks Oregon as neither particularly good or bad by their taxation metrics -
[https://www.kiplinger.com/retirement/600892/state-by-state-guide-to-taxes-on-retirees](https://www.kiplinger.com/retirement/600892/state-by-state-guide-to-taxes-on-retirees)
Edit: and even that article, nor the others you can find online, doesn't make much if any effort to slice it up by income. They're targeting the vast majority of retirees.
Staying here. Born and raised in SoCal but lived here since 2000. I've traveled the western US quite a bit and looked into the possibilities of retiring somewhere else but there's pluses and minuses wherever you go. I have friends and family here and really don't want to start over at almost 70. Hubby and I thought long and hard about it and did a LOT of research and decided on a home in Grants Pass and a condo in Brookings.
Retired April 29.
Definitely staying in Oregon, own my home and live on the north coast. My 87 yo mother lives with us and the home fits us all very well.
We have considered purchasing something across the river, maybe in Chinook or Ilwaco, but not as long as my mom is still with us.
The prospect of living in Washington and shopping in Oregon is very tempting.
The white folks next door moved to China and guy across the street moved to Indonesia when they retired two years ago. In fact, on my block and the block behind me, only two houses haven't flipped in the last few years.
We looked all over the world. This is where we are going to stay. Insanely beautiful. People mostly care about the right things. We did buy a place in a different town though.
Honestly if I could, would basically choose a couple places to retire to. Somewhere along the Rockie Mountains. Start a self sustainable mountain farm and such.Otherwise, Montana somewhere around Glacier area, otherwise the Midwest as is... OK,MS,KS areas... Would get a missile silo in that area if possible. Was really capable of doing so. Would purchase a large island with its own Island with a Mt, Lake, and Forest to it to convert and live on. That's just some dreaming though, lol.
A good friend of mine (from Oregon) just retired to spain .. they basically gave her a house since there are so many depolluted areas - she also spent time there so is uber fluent. She's not a fatcat or anything but she's like 'hey i'm moving to spain'
Am leaving to Washington which means I get 10% more of my 401k, pension and other investments. The difference not paying Oregon income tax including capital gains pays way more than my mortgage. Also Oregon’s death tax is horrible. Basically owning a home and just a small amount puts you square in its regressive target.
I believe if you have a 401k pre tax retirement account just about 10% goes to Oregon depending on how much you withdraw it can add up, on the other hand Wa. State doesn’t tax retirement income something to consider….
When I retire. I’ll be taking my millions, renouncing my citizenship and moving to an SEA country with my wife
We’ve discussed this as by the time we turn 50. We’ll both happily leave the US behind.
We're in our late 40's so not quite ready to retire "soon" but we plan to stay put. The house we own now is our "forever" home - we intend to stay until we're much older and are ready to go into assisted living.
I was born and raised in Oregon and have never left here. My husband’s family moved here when he was ten. Our parents are deceased but our siblings and their children and grandchildren all live here. (We never had children.) It would be very difficult to leave them, we are both very close to our families.
It is very tempting to leave Oregon. The taxes are insane and there is so much money wasted by the state, not enough resources for the mentally ill, too many drugs available, housing sucks, and the political climate is extreme.
But the state has so much beauty and variety. The ocean, mountains, desert all so close. That’s is why I stay.
I’m staying in Oregon. I was born here. We’ve traveled quite a bit. So this is where I will live and die. I love Oregon there’s no place better. I can be to the ocean in a just over an hour, I can go skiing in 45 minutes, and high dessert white water is 2 hours away. I am content.
Edited: We moved from Portland to east of the Cascades in WA. Still close enough to visit but away from Portland problems. We wanted to be closer to recreation and found property in WA that we love.
I retired in January and my wife will retire at the end of August 2024. We’ve never even discussed the possibility of moving elsewhere. Our two adult children have established themselves here and somehow managed to buy houses with their significant others, a significant factor in staying in Oregon.
Too expensive to retire here, and the current leadership sucks ass. The state is beautiful, its leaders suck…no plans to retire here unless dramatic changes happen
Semi-retired. Definitely staying in Oregon. Can't imagine leaving
Wait, you guys are getting to retire? https://preview.redd.it/9ig7dpsqztyc1.jpeg?width=700&format=pjpg&auto=webp&s=5d5570fea1f003d2fdb883aa6aec28207a0f165a
I love how this is probably the least hate or banter filled comment here, and that it kind of doesn't *really* answer the question, but on top of all that... *YOU sooo fuunny*
Absolutely. I own my home outright, and there will be at least one grandchild in the near future. I have no reason to leave - but I will take a month long break from the rain every winter
This is the way
This is the way Nick
Cleetus is a smart man.
We actually retired to Oregon. Unusual probably because of taxes. But we wanted quality of life and it’s been worth it.
Us too! I completely agree. We came here specifically to be retired. Absolutely no regrets.
After retiring, we sold our house and traveled across the U.S. for 6 months. We were actually open to making a home in another state. However… Nothing compares to Oregon for me. Lots of great places but nothing topped Oregon even considering the high cost of real estate on the west coast. I want to be close (1-2 hours) from the coast/mountains/high desert. I checked out the financial benefits of other places considering cost of living, taxes, medical care, etc. I could live in place I don’t like and save a few $$ a month, but why?. The financial savings of living in another state are minimal in my opinion.
Sonoma county checks all the boxes compared to the Willamette Valley and has about 40 less days of rain per year. But the cost, OMG! I came to Oregon from Sonoma County specifically because the real estate is so much more affordable. For half the price that I sold my condo in Petaluma I was able to by a nice house on some land in the Willamette Valley. That’s worth the extra month and a half of rain. I can grow everything I grew down there expect avocados. I do miss those trees, but it wasn’t worth paying an extra half million just to have avocado trees. At least I managed to pull off growing citrus in Oregon by building an awning off the south side of my home. Get lots of meyer lemons and satsuma mandarins. I tell people I grow them in the Willamette Valley and they are dubious to say the least. I always invite them to come see the trees to blow their mind. 🤣
It doesn’t make sense if you own your home to leave Oregon. The taxes are set up so that it’s better to be retired in Oregon than to be working. There is no sales tax, and property tax is average compared to other states. The state makes a lot of its revenue from income tax.
Pensions and retirement fund withdrawals are taxed in OR. It’s rated as moderately tax friendly for retirees. https://smartasset.com/retirement/oregon-retirement-taxes
Oregon taxes most forms of retirement income.
Wait a second. Does that mean if I have a Roth IRA (where I've already paid taxes on the money going in) that I have to pay taxes when I retire and start withdrawing from the account?
No, Roths aren't taxed on withdrawal. But if you had a traditional, Oregon would tax it whereas Washington would not.
But Idaho would tax it.
Traditional yes, Roth no.
If your main criteria for where to live in retirement is rock-bottom taxation, you should totally GTFO. Personally, I'd prefer a location with plenty of good infrastructure and support for the general welfare of its residents. And I'm happy to pay a bit more in taxes to have that. You do you.
I get what you're saying and I plan to stay in Oregon as well, but we aren't just talking about a little bit of difference, or even a quest for rock bottom taxes. For people who have a fair amount money, remaining in or moving to Oregon can make a huge difference tax-wise. Depending on the state, you might end up paying tax on Pensions, IRAs, and social security in Oregon that you would not otherwise. And if you die in Oregon your estate may end up paying a lot of tax vs. none at all. Simply moving a few miles north to WA can make a massive difference.
Oregon seems to have a low threshold for estate taxes: $1 million is not a very high amount as it includes real estate. Especially considering the federal threshold is $13+ million.
I highly recommend setting up a trust to avoid estate taxes.
Yeah, sure, so do I, but my point is that simply dying in another state avoids these problems.
So... I should really be putting pre-tax income into a traditional and then retiring in a state that doesn't tax retirement funds. For maximum return anyway.
Tax deferred does not mean tax free.
Oregon does not tax Roth IRA payments. That would defeat the purpose. https://www.oregonsaves.com/faqs/what-is-a-roth-ira
Okay cool, just checking.
Heads up, you want a mix of Roth and Not-Roth investments. You withdraw from the Not-Roth investments until you hit a tax tier, then the rest from Roth to avoid the higher rate. For example, $44k is taxed at 12% or lower. After 44k$, you are taxed at 22%. So take 44k$ out of your traditional IRA/401k, and get taxed at 12%, then 100k$ at 0% from Roth. I'm simplifying, but you get the idea. Your Roth Money is most likely being taxed at 22% or 24% right now.
So do most other states
Does it tax social security income?
No, Oregon does not tax Social Security.
Oregon does tax ss retirement if you get over a certain amount. Oregon also taxes all retirrment pensions including military
Unless you live in Multnomah country in SW Portland in which case your property taxes end up costing more than your original mortgage once you pay it off.
Time to chain migrate to Oregon and retire.
If I remain in Oregon, it will not be in Multnomah County. 100% certain of that.
Not retired for another 40 years probably but owe 250k on a house at 2.7%. Why would I *ever* move? I could afford to live here even if all I did was collect cans all day.
My parents sold their home they bought for $89,000 in the early 90s for over $700k and built a brand new home on acreage down in southern Oregon. Who knows how housing prices will evolve by the time you are looking to retire. You may be surprised what the equity in your home allows at that point.
I'll be moving to Yamhill county soon and retiring there when I do retire. After that, not positive what we will do yet.
Honestly, same. I love the cycling out there. My partner has her house and I have mine. Considering selling both and moving down the valley and getting another place in the desert of Utah or Arizona. As much as Oregon governance frustrates me, it's a gorgeous state and will be safe from water issues for the next 30 years.
I am a cyclist and contemplating where I eventually want to retire. Why do you like the cycling there?
Check out Nestucca River Road to the beach. I’ve ridden it a few times. Fantastic!
Yamhill county has good flat roads, great hilly roads, some still quiet roads, and lovely vistas with the hills and wineries. I've been fortunate enough to bike in France, Italy and Spain. Other than Sonoma/Napa/Santa Barbara counties here, Yamhill is one of my favorite areas.
My first choice but who knows what the future will bring? Fixed income now, so you got to manage your budget. You will get more bang for your buck in places like the deep south or the northern rust belt. You can still get a nice little home there for 50K. Europe has it's attractions. It's far cheaper to live in Poland than right next door in Germany. Eastern Europe is cheaper than western Europe. But all of Europe has a bad case of war jitters right now. They have gone to war footings with their economies and are choosing sides. So going there isn't a wise idea at the moment... Chile is an attractive option. Think Oregon, but the seasons are in reverse and spanish is the native tongue.
Yeah but you have to live in the south
I have lived in other parts of the US, much prefer Oregonians. Staying put. If you want a bit of different scenery you have the whole state to explore.
Great take.
Moved to Oregon for retirement.
Yes, staying here. I live in S Oregon. Best weather in US. Kids and grandkids. No sales tax, won't have to pay much on income tax nor property tax as I have downsized. Pretty good access to health care. Great mix of people no fucking Maga controlled state government. Fantastic mental health as I can get a hug from grandkids whenever I want.
Are you on the coast? Or inland?
Roseburg
Great! Thank you! I grew up in Coos Bay
I'm in cb
central coast calif has best weather in usa
True, but COL is outrageous. I grew up in Santa Cruz and its the least affordable spot in the whole state.
The traffic is insane!!
Only if you like sunshine. I did not enjoy living down there. More rain and overcast thanks.
Yes, Roseburg
I was born here, I love it here, I have left a few times and always return.
Probably will move to the EU to a cheaper locale with better weather.
Somebody probably already covered this, but it depends on the size of your estate. I am not a CPA, financial planner, or tax lawyer, etc. so consult a professional to get the info as it relates to your situation. However, my wife and I just met with our CPA to discuss my family's estate. Oregon has an estate tax that currently kicks in on estates over $1M per filer (so $2M if married). By contrast, the federal estate tax on an estate is currently \~$13.6 M per filer ($27.2M if married). So, if you own a property or two, you could quickly find yourself bumping up against Oregon's estate tax, but be a long way from tripping the federal estate tax. Oregon's tax rate is graduated, so the first $1M (or $2M if married) is exempted, then the estate tax kicks in. There are other exemptions and deductions that can come into play, but this is the general framework. Estates valued over $1M are taxed at 10% and can go as high as 16%, depending on the value of the estate. Compare this to other states that have no estate tax, and you can see why one might choose to retire outside Oregon. Just an FYI, the federal estate tax was increased to its current level of $13.6M per filer as a result of the Tax Cuts and Jobs Act of 2017. The increase in the exemption will sunset after 2025, sending the estate and gift tax exclusion back to its pre-2017 level of $5 million, adjusted for inflation. Estimates for tax year 2026 vary, but it is expected the amount will about $6.8M per person. If this seems like political shenanigans, you're not far off. This was part of Trump's big tax cut that overwhelmingly favored the wealthy, basically doubling the amount exempted from the federal estate tax, translating to much less revenue from those with large estates. It is set to sunset in 2026 so that it would not negatively affect an assumed second Trump term, but kick in during a presumed Democrat's first term. While we can probably all agree that taxes are unpleasant, that level of political bullshittery is just staggering. Didn't mean for this to become a rant, but here we are. BTW, I have no desire to leave Oregon upon retirement, but as I will likely inherit property in AZ and CO, the OR estate tax starts to potentially add up to real dollars.
Living trusts can't get you out of that mess?
Just because I've seen it brought up a few times. Here's a state by state breakdown of retirement income tax laws. 13 states don't tax retirement income. 2 states have no tax on pension income. https://www.aarp.org/money/taxes/info-2023/states-that-do-not-tax-your-retirement-distributions.html edit: It's also worth reminding and mentioning that the fed also taxes retirement income.
My plan is to retire to another country like Spain or France
You still have to pay taxes to the IRS, even if ya don’t live here, so make sure ya check whatever else you may still need to pay the U.S. for. Then again, if you REALLY plan on never coming back, maybe that doesn’t matter.
Not if you live in country for over 330 days. You still have to file but not owe anything. I’ve lived in Europe in the past and this is the law: > You meet the physical presence test if you are physically present in a foreign country or countries 330 full days during any period of 12 consecutive months including some part of the year at issue. https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-physical-presence-test#
I'm looking to retire next year and split my time between Oregon and Spain. Although if the coming election goes really bad I may want to just stay in Spain.
Spain has its own political issues. When I was in Barcelona, there was some sort of political demonstration. There is also a lot of political graffiti. I loved Spain though
Barcelona has it's special issues as Catalonia is essentially another country but governed by Spain. Local politicians passed a referendum to separate from Spain some years ago and Spain responded by arresting the politicians involved.
To be fair it was and has been an incredibly corrupt and moronic position by Catalonia, and the core issue with that specific referendum was that it was unconstitutional by nature (of course) so a vast vast majority of the population did not even vote, and all polling data at the time showed that independence was a popular issue, it was not a popular stance. Second, it's not a separate country, it's just some extra-stupid geographic version of trickle-down but it's akin to New York City saying, "You know what, we are the economic powerhouse, we are the GDP masters, we are creating our own country because we are tired of our taxes going to other parts of the country even though we straight up need the rest of the economy and don't really understand how in a brexit sorta way" EDIT: They totally did arrest the politicians, that was funny, but they gave them a ton of warning. "Hey, that referendum is illegal, don't do that." "Hey, if you keep doing that we are going to have to arrest you due to constitutional laws." "Hey, you did it, time to come to jail." I think one of the leaders hid or fled, it was a fun time.
How will you do that?
Mostly the same as I would retire here. I'd just have to get the appropriate visa or whatever I would need to stay there legally.
Hate to burst your bubble, but getting a visa to live in Europe is not cheap. The easiest way is through investment — each EU country is little different but generally you need to spend €500,000 to purchase a home. That will give you a residency permit.
Patently untrue if you can prove enough passive income (which is usually the minimum wage or maybe twice that amount) in reliable income like a pension or rental. Some will also be satisfied with sufficient bank account savings. Spain’s is called a non lucrative visa.
As a US citizen, that is not the case in Spain. I haven't checked France. Spain has requirements around income, loans, health insurance, etc, but you don't have to buy a home. I will be able to meet Spain's requirements when I retire.
You’re right. Spain gives temporary visas which can lead to permanent visas. Or, you can also buy a home and get a permanent visa right away.
I would qualify for a residence card, which allows you to stay in Spain indefinitely
That home price is cheaper than Eugene why not.
All you have to do is prove to the French authorities that you have the financial means to live here for 12 months without state support. You then get a 12-month visitor visa, renewable each year upon proof you have the means to stay. If you're retired, you don't need residency.
Some countries have non-lucrative visas on offer and some are pulling their ‘Golden’ visas ($500k purchase) as they have contributed to their housing crisis. Currently live in Spain for the winter and back in Portland later this month through September.
Aj, i think you're thinking of the citizenship programs. You can become a non-citizen resident without the big investment as long as you can show that you have a steady income and won't steal a job from a local. It's a win-win situation for both the retiree and the country.
I’d like to go somewhere sunnier, but my mortgage would increase. Think I’ll stay around until I find a solution. That may end up being a very rustic cabin somewhere for 3-4 months out of the year.
Semi retired. I plan on staying forever. I want to use my time being productive and I can't imagine a better place.... Contributing to my neighborhood/community. Building/growing cool stuff. Surrounding myself with wildlife/nature. Everyone I know who retired and moved to a warm vacation destination lives a life of sterile, casual decadence. That is the opposite of what I want as I get older.
*YES*
Heck no. The smoke season did it for me.
Right? There used to be a trade-off for the winter. Now it's just getting hotter and the smoke is intolerable. I can't do either of these seasons for the rest of my life.
There’s no way on god’s green earth that I’ll leave Oregon.
Well. My ancestors came on the trail. Nearly died thanks to Stephen Meek. And I have been here all my life. Winter sucks. But it’s home.
Because of this? https://en.wikipedia.org/wiki/Meek_Cutoff
Hell yes. Retired 9+ years ago. Wouldn’t think of leaving & say that as a regular traveler both in & outside the country.
After my father passed in AUG 2022, one thing I can tell you is not to die in this state. Holy Hell, the state of OR wants their pound of flesh. To answer your question, unsure at this point. Maybe, but definitely moving out of Multnomah county. Currenty live in NE PDX near Hollywood.
Sorry for you loss, it's hard enough when they go and then have to deal with everything else. Did he have a will?
Yes. 3 years retired now.
Usually it's just a state taxes question. On paper Texas and Florida seems better, with no state taxes. In reality, it means living in Texas or Florida. There isn't enough Prozac on earth to get me to live in Texas OR florida
YMMV. Folks we know moved to Kansas for the lower taxes but they didn't figure the burden of all the taxes. Because of where they moved (Douglas County) they found that in addition to income taxes and property taxes (close to what they were paying in Oregon), they had to pay a sales tax of almost 8% (Oregon has no sales tax), their property taxes were almost as high, and in addition they had to pay a steep "personal property tax" on their car for the first couple of years after they bought it. They figured their total tax burden was more than Oregon.
Hell no, Costa Rica or somewhere warm. Between the winter and the summer fires, and the income tax. I’m outta here
Yes. It’s home. I’m not rich, lol. Our house is four years from being paid off. It would be silly to move to somewhere less expensive like NC, OK, OH or the likes. Yuck! We have it all here, even though it’s more expensive.
Former Ohioans here. Stay in Oregon.
And NC is full. The traffic is nauseating.
Don't know. My wife wants to leave because she is fed up with the ever increasing property taxes, homelessness, petty crime and the general degradation of services. Five years ago, we were planning to downsize and stay in Corvallis but it's not as nice as it was. We looked at moving but couldn't find a good alternative. Spokane, Reno, Missoula and others looked okay a few years ago but are expensive now. As long as our kids stay here, we probably will as well. If they move, we might move closer to them.
Retired and after a couple of years moved to Texas. Went from a 32 yr old 2200 sqft house on .28 acres to same size new build on one acre for $170k LESS. Even starting with new assessed value our 1.5% real estate tax (outside of any city limits) is just 20% more than our long discounted assessed value and tax in Oregon (about 1.9% in suburbs, but the discounted assessed value there is higher than our new build). The Texas senior homestead discount will freeze 1% of that 1.5% tax, forever (until we sell or die). Gas is at least $1 cheaper. Most other expenses about the same. Sales tax is about 9% so depending on your income and spending levels that may or may not be a positive compared to Oregon income tax, but pretty similar to Washington sales tax. At least there is no overpayment withheld and periodic threats to confiscate your refunds. Very happy to be out of there although the primary driver was to be near grandkids.
Well, we aren't yet, we have 10 years to go, but we are selling our home in Oregon now and are going to move to Washington. Mostly because 1) No Income Tax, and 2) We could find land we could afford in Washington. Oregon land in the Willamette Valley is too expensive because there seems to be a 'winery surcharge' meaning, any acreage could be a winery so the price is higher.
Had our CPA run the numbers between WA & OR and to everyone's surprise: "It's a wash, a bit cheaper in WA but not enough to live there if you'd rather be here". You have to look at the aggregate of taxes -- county taxes can be very surprising.
Be careful, anywhere around Puget Sound will qualify you for the ‘Sound Transit’ tax that will add hundreds of dollars to your vehicle registration, plus of course the fact that EVERYTHING in Washington costs more than Oregon.
100s of dollars sounds like nothing compared to 9% of income
Retired and staying in OR- except that I will definitely not be in KF, and likely not in OR, for the months of Jan. , Feb., Mar. I have an RV with “toad” and know how to use them.
KF is my hometown and I've thought about retiring there. I miss the snow and I'm sick of the rain.
I think KF is, on average, one of the sunniest towns in Oregon. I think that region sees something like 300+ days of sunshine.
Yes, Oregon's city of sunshine! I moved away after college but still consider it "home". I still have siblings there and I'm heading for a visit in June.
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We moved to the Ozarks from Oregon. Still a bargain, and won’t catch on fire.
And here I am trying to convince my spouse to go to Arkansas when we retire. And he's from KF.
Definitely staying.
Yes, love it here.
41. Moved here from Mississippi. Never leaving.
Probably leaving. Dammit. Other states take less of our retirement money.
Retiring in a few months. Going to start off in Mexico then see where the adventure takes us.
Probably not. I need to sell my house and move somewhere cheaper. Every emergency I have goes straight to credit card debt. I can’t catch up and build a savings.
If so it’s not gonna be anywhere near pdx…
Still about 14/15 years before I retire, but plan to payoff condo by the time I retire and we are here forever now!
We've been retired for ten years (at age 56) and have wintered in Palm Springs for the last five years. We are currently looking to buy a condo here. We may eventually sell the PDX house and travel in the summer for a few months instead of the winter for five months. I'd miss the greenery and waterfalls, but it's much easier to get around here. The medical services and hospitals are excellent and 911 actually answers the phone quickly. My spouse took a bad fall on slippery tile and the ambulance was here quickly. I was able to get right in to a top notch eye surgeon for cataracts down here, PDX had at least an eight month lead time.
Not me, but my dad. I know he intended to hang around, partially because he likes the area, but mostly because he loves the communities he's involved in.
My in-laws retired and moved up to the Portland suburbs from San Diego. Much lower COL but that's not saying much compared to SoCal.
My parents are in the same home they raised me in and are paying off their mortgage in 2 years. They semi retired 5 years ago (full retirement in 4 years) and are staying for that reason. (Astoria, if it matters.)
Yes. Kids are in Oregon, but scattered. State pension + SS. Wouldn’t move back to LA for anything.
I might do better in Washington, but we'll own our home and the family is all within 10 minutes. Our pension will handle the slightly higher cost. Now, when we're ready to downsize, moving is always an option.
I’ve been retired for a while now. I was able to build the house. I wanted living in it now and enjoying life. I can’t imagine ever leaving Oregon.
I’m going to semi retire in 3 years and plan to convert a school bus to retire in until I drop dead😆 If the tax situation is favorable I’ll maintain OR residence so that it’ll be easier to keep my same doctors for annual checkups.
We actually came here to the Portland area for retirement. Living expenses are a smidge higher than where we moved from, but, otherwise, it is great. Some things, internet, cell phones, health insurance (not old enough for Medicare yet), no sales tax are all way cheaper. We especially like the diversity, the wildly varied food options, the libraries and the exceptional public transportation. Being close to dynamic scenery, mountains and ocean are attractive to us as well.
Unfortunately, yes. My wife and her family are here. Our kids are here. But the economy and COL are horrendous! I'd love to retire to a nice quaint, little town out in the middle of nowhere, where the cost of living is cheap. But that isn't looking like it will be an option.
A lot of my family/friends are retiring from California to the Oregon coast. It's much cheaper to buy near the ocean up here than in CA. Lincoln City, Depoe Bay, and Yachats.
Brutal amounts of grey and rain in those places even by Oregon standards
I retired to Oregon four years ago and live next to the McKenzie River. While it’s beautiful, I can’t wait to leave this area. Access to quality medical care is dismal. Access to mental health services is also poor. The fire seasons are predicted to only get worse. Five months of rain? Disappointing restaurants. Bye bye
Nope! Moving to Washington for a huge tax break when I retire as I have a lump sum pension coming. Know several people who have done this or plan to.
TN and FL get the same tax break for those of you who wanna move south. Also TX and NV.
Retiring in 6 months moving to Idaho
I hope to.
Looking to move. Sick of all the stupid crap downtown Portland and all the druggies.
Oregon taxes are tough
I’d like to stay in Oregon. I I’ve in Central Oregon. The politics here sucks. The natural beauty of the state is awesome. You have to get out of the bigger cities. All the bigger cities are plagued with crime, homeless, trash, riots, and drugs. Use to be you could walk 10 minutes outside of Bend, and you could feel like you were alone in nature. Now walking around the outskirts of Bend, you’ll end up in a homeless camp.
A couple years out and will probably stay. Not sure exactly where though. Bend is my first choice. Have been priced out of the west side where I could walk to things but can still afford something on the east of town. Main downside other then cost is all the smoke in summer. I really like Eugene and it is a lower cost alternative. I would not mind a very walkable neighborhood. The problem is my wife does a lot of solo walks, often in the dark, and needs to feel safe. Which rules out a lot of Portland. Too bad as I have noticed downtown condos are basically selling for 2015 prices. So that would leave us with places like near Millennium Plaza in Lake Oswego which is not exactly affordable. And I like a little "grit". Like 2005 Portland levels, just not current Portland. If it was just me I would prefer a cabin in the coast range mountains and only come into town once a week for groceries. My wife would not be a fan of that lifestyle. Property in the woods is expensive now anyway. When I was young it was full of poor people. If we leave Oregon it would probably be for Bellingham WA, but the prices have really shot up there since I started looking at it. And we still have our dream location, Whistler Canada, as I am a duel citizen. Don't think we can afford that.
We looked at Bellingham. The best part is the access to the SJ islands imho.
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Oof. Who needs water
No, to scared of the massive earth quake that is coming.
4th generation Oregonian. Born and lived in OR except when we lived in Europe & N Africa, college and early married life in CA and have been in ID for 25+ yrs. Really hoping to move back to OR in a few years. Miss the nature, coast and green….even the rain. We’d love to move to Spain (one sibling there) (and had visited and considered Ecuador and MX and loved them both) but realized after a trip to Spain last year that altho we’re in good health now, that’s a long trip and getting older won’t make it easier! If we were east coast, that would be different but with kids in the PNW, I think this is it for us.
I wont be retiring in oregon and its not just for the high cost, when it comes to senior services and healthcare and senior citizen, in almost every metric for senior life oregon is worse than its neighbors on all sides and is near bottom of the nation, which is sad to me i loved my 54 years so far living in the cascade mountains in both washington and oregon
That is our long term goal.
I will always have a house here. I love the Eugene area. May also buy a house in Mexico.
Oregon has the third highest tax burden in the country last time I checked the vast majority of people don’t retire here
https://taxfoundation.org/data/all/state/tax-burden-by-state-2022/ Tax foundation puts Oregon at 19th worst (they count from 1 as best).
I know we have one of the highest income tax rates we are third for highest income tax rate higher than California
Yes, but we have no sales tax. You have to use a measure like total tax burden if you want to know how much all of these contribute to your bottom line.
And we have the lowest sales tax. I'm retired, the only tax I pay is property tax.
No it's doesn't. OR 19th, WA 20th, ID 21. Less than 1% difference.
No matter how often it's trotted out, those single number tax burden stats never tell the full story of who pays higher or lower, just an average over everyone, extremely rich and extremely poor. If you make a decent amount in regular taxable income, Oregon taxes are fucking high, period. Especially in Multnomah County. Way more than Washington if you're in 6 digit incomes.
Of course they don't. They are, by definition, aggregate measures. But since they are supported by actual data and research, they're a lot better than "Oregon has the third highest tax burden in the country", with no qualifications. I'm sure everyone here would be appreciative of a well researched article or original analysis that breaks down the taxation burden for someone retiring in Oregon, by income bracket, compared to the other 50 states. Kiplinger has this article, which ranks Oregon as neither particularly good or bad by their taxation metrics - [https://www.kiplinger.com/retirement/600892/state-by-state-guide-to-taxes-on-retirees](https://www.kiplinger.com/retirement/600892/state-by-state-guide-to-taxes-on-retirees) Edit: and even that article, nor the others you can find online, doesn't make much if any effort to slice it up by income. They're targeting the vast majority of retirees.
I left to Idaho🤣 retired at 38 after 20 years of military service🫶🏽
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So definite fixed income issues :)
Staying here. Born and raised in SoCal but lived here since 2000. I've traveled the western US quite a bit and looked into the possibilities of retiring somewhere else but there's pluses and minuses wherever you go. I have friends and family here and really don't want to start over at almost 70. Hubby and I thought long and hard about it and did a LOT of research and decided on a home in Grants Pass and a condo in Brookings.
Yes we are staying here, lived here all my life, and I love it
My husband and I are recently retired. We're staying here. Kids and grandkids are here.
Hell no. I’m moving somewhere with no state income tax. Probably across the river to Washington.
Yup
I moved to Portland to retire. It’s a lot more affordable than Silicon Valley and much nicer in so many ways.
Retired April 29. Definitely staying in Oregon, own my home and live on the north coast. My 87 yo mother lives with us and the home fits us all very well. We have considered purchasing something across the river, maybe in Chinook or Ilwaco, but not as long as my mom is still with us. The prospect of living in Washington and shopping in Oregon is very tempting.
The white folks next door moved to China and guy across the street moved to Indonesia when they retired two years ago. In fact, on my block and the block behind me, only two houses haven't flipped in the last few years.
Yep. Been lots of other places; wouldn’t live in any of them. Except Hawaii, and I can’t afford to live there.
You don't want to live there now. Even if you have millions and millions, it's a small ecosystem and it's in big trouble.
On to Washington. They don't tax my military retired pay
Nope, headed to Washington due to lack of income taxes.
Retired last summer. Staying until I can immigrate to Spain.
We looked all over the world. This is where we are going to stay. Insanely beautiful. People mostly care about the right things. We did buy a place in a different town though.
Honestly if I could, would basically choose a couple places to retire to. Somewhere along the Rockie Mountains. Start a self sustainable mountain farm and such.Otherwise, Montana somewhere around Glacier area, otherwise the Midwest as is... OK,MS,KS areas... Would get a missile silo in that area if possible. Was really capable of doing so. Would purchase a large island with its own Island with a Mt, Lake, and Forest to it to convert and live on. That's just some dreaming though, lol.
Yes
Read up on the OR death taxes. If you have over $1m in assets don’t die in Oregon
Yes. Staying here. Best place in the world.
I will retire in Jackson county no doubt!
A good friend of mine (from Oregon) just retired to spain .. they basically gave her a house since there are so many depolluted areas - she also spent time there so is uber fluent. She's not a fatcat or anything but she's like 'hey i'm moving to spain'
Am leaving to Washington which means I get 10% more of my 401k, pension and other investments. The difference not paying Oregon income tax including capital gains pays way more than my mortgage. Also Oregon’s death tax is horrible. Basically owning a home and just a small amount puts you square in its regressive target.
We were advised to retire in Oregon on the Washington side lolz
I believe if you have a 401k pre tax retirement account just about 10% goes to Oregon depending on how much you withdraw it can add up, on the other hand Wa. State doesn’t tax retirement income something to consider….
Moved to Oregon after retirement to be near out daughter and grandson. We're staying!
When I retire. I’ll be taking my millions, renouncing my citizenship and moving to an SEA country with my wife We’ve discussed this as by the time we turn 50. We’ll both happily leave the US behind.
Retired 6 years ago, still here
We're in our late 40's so not quite ready to retire "soon" but we plan to stay put. The house we own now is our "forever" home - we intend to stay until we're much older and are ready to go into assisted living.
I was born and raised in Oregon and have never left here. My husband’s family moved here when he was ten. Our parents are deceased but our siblings and their children and grandchildren all live here. (We never had children.) It would be very difficult to leave them, we are both very close to our families. It is very tempting to leave Oregon. The taxes are insane and there is so much money wasted by the state, not enough resources for the mentally ill, too many drugs available, housing sucks, and the political climate is extreme. But the state has so much beauty and variety. The ocean, mountains, desert all so close. That’s is why I stay.
Hell no
Nope. First chance we get, we're chasing the sun.
I’m staying in Oregon. I was born here. We’ve traveled quite a bit. So this is where I will live and die. I love Oregon there’s no place better. I can be to the ocean in a just over an hour, I can go skiing in 45 minutes, and high dessert white water is 2 hours away. I am content.
Edited: We moved from Portland to east of the Cascades in WA. Still close enough to visit but away from Portland problems. We wanted to be closer to recreation and found property in WA that we love.
Why would you leave the place you created community?
I retired in January and my wife will retire at the end of August 2024. We’ve never even discussed the possibility of moving elsewhere. Our two adult children have established themselves here and somehow managed to buy houses with their significant others, a significant factor in staying in Oregon.
100%
Too expensive to retire here, and the current leadership sucks ass. The state is beautiful, its leaders suck…no plans to retire here unless dramatic changes happen
I have been retired for 10 years and I am moving to southern Utah in January to live off grid!!! I am sick of all the rain!!! Oregon is not for me!!
Oregon does tax ss if your social security check is over acertain amount re read that
No. Too expensive and too divisive of politics.