We bet you’ve heard of the Southern charm. As a Southern state, that’s exactly what you can find here in South Carolina. For many years, many families and older adults have called South Carolina their home, which should come as no surprise considering the many benefits of living here. Older adults tend to choose South Carolina as the place to live out their retirement years, and we highly encourage your loved ones to do the same as well. In this article, we look into the many benefits for retirees in South Carolina, so if you have any loved ones who are skeptical of moving here, they might just change their minds.
Low to No Taxes
Fun fact: South Carolina is one of the most tax-friendly states in the United States. For older adults aged 65 and above, they will no longer have to pay for their Social Security. This is especially welcoming news for loved ones looking to grow their retirement income without being burdened by additional costs and payments. What’s more, your loved ones can also look forward to receiving up to $10,000 in retirement income deductions for all retirement plans, which include 401(k), pensions, and IRAs. On top of that, there’s even a maximum of $15,000 in deductions for state income tax. As such, your loved ones can live out their retirement years in peace and financial security.
Another thing is the low gas tax, which comes in useful for loved ones who like to drive or heavily rely on their vehicles to get around. Even though the gas tax has risen over the years, South Carolina remains as one of the states with the lowest fuel and gas prices in the United States. In addition, loved ones can consider applying for a gas tax credit, though that depends on an individual’s income tax return.
Great Weather
If your loved ones enjoy a warmer climate, they are in for some good news. South Carolina has mild winters with very minimal snowfall and almost pleasant weather throughout the year. While the summer months can have temperatures up to 87°F, the other months are relatively cool and comfortable. This means your loved ones can look forward to spending much time outdoors exploring the wilderness and beautiful nature of South Carolina. We all know the benefits of leading an active lifestyle, particularly for retirees and older adults in general, so loved ones can now feel motivated to head outdoors.
Safety and Security
According to research by Safewise in 2021, South Carolina boasts a crime rate that’s well below the national average in the United States. As such, you and your family members, as well as loved ones, can feel free to roam around and explore the state without much worry about crimes occurring. Compared to other states, residents in South Carolina also has lesser concerns for crimes and safety, which can be attributed to the state’s higher economic position and good educational opportunities.
