Lone Star Success News

The 4 Reasons We Chose to Retire in Texas

May 27th, 2015

Lee & Ann P.’s Texas Story

We are originally Chicagoans who had long planned to retire there when the time came. Last year, we did retire and decided to stay here in the Austin area. Many reasons were considered, but four influenced our decisions:

1. The state of Illinois is a financial disaster with a potential bankruptcy looming.

2. Illinois has a significant state income tax, likely to increase significantly to pay future debt. When on a fixed income, this uncertainty creates anxiety.

3. Texas welcomes growth, has no state income tax, a more temperate climate and a more moderate socio-political environment suited to us.

4. Finally our daughters and grandchild have chosen to live here, making Texas our home now and in the future.

– Lee and Ann P.

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