Tags: Retirement | retirement in delaware | veterans | guide

Veterans Guide to Retiring in Delaware

By    |   Tuesday, 01 Dec 2015 03:58 PM

Delaware is experiencing an influx of seniors, with many veterans among them, who are looking at the state as a place for retirement.

Veterans seeking a retirement in Delaware lookto take advantage of the First State’s tax-friendly environment and income exemptions.

Retired veterans are not only attracted to the state’s coastal communities, but also inland towns that offer a lower cost of living and access to cultural events and sporting activities.

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WalletHub’s 2015 review as the Best & Worst States for Military Retirees places Delaware at No. 1 in quality of life for veterans. However, the state placed at No. 35 in the overall ranking.

One of the most appealing incentives for veterans is Delaware’s retirement income exemption. The state exempts 50 percent of military retirement pay.

Military personnel are typically in their 40s when they retire from service and will likely transition into a civilian job. Veterans may want to take advantage of Delaware’s educational benefits and employment support.

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Delaware ranks low in the WalletHub report when it comes to health care (No. 41) for military retirees. But, there is a long-term care facility in Milford called the Delaware Veterans Home, which was established in 2007.

Veterans, their spouses, and dependent children may be buried at Delaware’s two military cemeteries, including the Veterans Memorial Cemetery, located in the town of Bear. Another cemetery can be found in Millsboro. To qualify, a veteran must be a resident of Delaware.

Veterans living in Delaware who are paralyzed in both legs as a result of military service may be eligible for a cash payment of $3,000 per year.

Military retirees can find more information about veterans’ benefits online in the Veterans Resource Guide, published by the Delaware Commission of Veterans Affairs in Dover.

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Delaware is experiencing an influx of seniors, with many veterans among them, who are looking at the state as a place for retirement. Veterans seeking a retirement in Delaware lookto take advantage of the First State’s tax-friendly environment and income exemptions.
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Tuesday, 01 Dec 2015 03:58 PM
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