Tags: Retirement | retirement | Alaska | disabled seniors

Disabled Seniors Guide to Retiring in Alaska

By    |   Saturday, 30 May 2015 06:08 PM

For disabled seniors wanting to retire in Alaska, it is important to weigh the pros and cons of such a decision. While Alaska can be an ideal state from a tax perspective for seniors on disability, other aspects may be harsher, including the cold weather and long, dark winters, which can be depressing if you are not mobile. Another factor that disabled seniors considering retiring in Alaska need to take into account is the state's remoteness and limited access to health care.

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"Some communities in Alaska are downright remote (the population density is one person per square mile, compared to 87 per square mile on average in the United States) and for folks in these towns, getting to a good hospital may mean a three-hour ride in a tiny plane," MarketWatch reported in an article about retiring in Alaska.

Alaska does have a few major cities, including Anchorage, Fairbanks and Juneau, which have good hospitals should you need care. So, it is more a matter of choosing the right place in Alaska to retire, than ignoring it completely.

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Another plus to moving to a city is the cost of living will be lower due to the access to big box stores like Wal-Mart and Target and lower housing prices. "Fairbanks' cost of living is lower than most other Alaskan communities. From a national standpoint, it has a similar cost of living to Boston, Massachusetts," states the Come to Fairbanks website, which is run by the city's economic development division.

From a tax perspective, Alaska is a fantastic choice for disabled seniors. "Alaska is a tax haven for retirees. Alaska has no income tax or sales tax, and the state doesn’t tax pension or Social Security income," U.S News & World Report states. Seniors who are also veterans that were disabled in the line of duty can also qualify for property tax exemptions in Alaska.

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For disabled seniors wanting to retire in Alaska, it is important to weigh the pros and cons of such a decision.
retirement, Alaska, disabled seniors
Saturday, 30 May 2015 06:08 PM
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