Tags: Retirement | retirement | Oregon | disabled seniors

Disabled Seniors' Guide to Retiring in Oregon

By    |   Tuesday, 09 Jun 2015 05:56 PM

Retirement in Oregon has a lot to offer for senior citizens in general and to those who have a disability. There are some drawbacks, however, including the high cost of living, which can be a major obstacle for disabled seniors who are likely living on a fixed income. If you're drawn to the state's natural beauty and growing artistic and cultural communities, a high-quality retirement in Oregon isn't out of reach. Instead, it may simply take careful planning and budgeting.

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  1. Consider the High Cost of Living - You'll pay more for most things in Oregon, including health costs, which is a major concern for many seniors living with a disability. The cost of health care is 16 percent above the national average, as is the overall cost of living, according to Sperling's Best Places. Transportation is also expensive, costing 14 percent more than in other states. Housing costs 36 percent more, but you'll pay slightly less for groceries and utilities.
  2. How Soon Can You Retire? Free Test Shows You When — Click Here

  3. Prepare for Higher Taxes - Oregon taxes most types of retirement income, notes the Retirement Center for Living. The only two exceptions are Social Security benefits and railroad retirement. You may qualify for a deduction if you worked for the federal government or served in the military. In addition, Oregon doesn't offer a homestead exemption for property taxes, which lowers the assessed value of a property if it's the owner's primary residence. In many states, seniors can take a senior homestead, which doubles the deduction. However, if you're having difficulty paying your property taxes you might qualify for assistance. Oregon offers a Disabled Citizen Property Tax Deferral Program and a Senior Citizen Property Tax Deferral Program, which allows some homeowners to delay paying their property taxes.
  4. Contact Local Advocacy Organizations - Fortunately, you're not on your own if you're a senior with a disability spending your retirement in Oregon. There are several organizations and agencies throughout Oregon that provide assistance and information. The Oregon Association of Area Agencies on Aging and Disabilities is a statewide organization that works with local agencies to advocate on behalf of seniors with disabilities and provide long-term care.
An Extremely Simple Way to Determine If You're Ready to Retire — Find Out Now

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Retirement in Oregon has a lot to offer for senior citizens in general and to those who have a disability. There are some drawbacks, however, including the high cost of living, which can be a major obstacle for disabled seniors who are likely living on a fixed income.
retirement, Oregon, disabled seniors
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2015-56-09
Tuesday, 09 Jun 2015 05:56 PM
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