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One of the hottest statesto retirein is Florida.
Everyone has their strategy, Le Moing said.
At some point, you’re gonna wanna make a decision.
Mine has become very simple since living in Florida.
Along with a couple ofsavings accounts and investments, Social Security plays a big part in the retirement budget.
We have been squirreling away in Vanguard funds since 1998.
I chose Vanguard because my father chose Vanguard, and he passed away with too much money.
So how does Le Moing spend her Social Security in Florida?
If you want to retire in Florida, here are seven questions to ask yourself.
For Le Moing, it helps to pay her car insurance every month that roughly comes to $145.
We have lived here since August 2021, first renting an apartment then purchasing a condo.
Our expenses have been significantly reduced, other than travel, Le Moing said.
We were 20-year homeowners with a mortgage in New Jersey, Le Moing said.
And of course, thanks to Social Security, the property tax bill is covered.
HOA fees includingyearly condo building insuranceis $715 per month and homeowners insurance is $200 per month.
She said the leftover balance will be splurged on a nice dinner with friends.
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