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Tim N. never thought hed leave Texas.
After all, hes called Austin home for over six decades.
But asretirementlooms, this Lone Star native is having second thoughts.
It breaks my heart, Tim shared.
Texas is in my blood, butmy wallets telling a different story.
Whats pushing Tim to consider greener pastures?
Heres whats on his mind.
Property Tax Headaches
Every year, its the same dang story, Tim shared.
My property tax bill shows up, and its like someones laughing at me.
Insurance Woes
From Gulf Coast hurricanes to Panhandle tornadoes, Texas weather keeps insurers on their toes.
After that last big storm, my premiums shot way up, Tim shared.
Tim wants to live somewhere with amore reliable climate and where hurricanes and tornadoes are not a thing.
Energy Bill Roulette
Texas unique energy market can be a double-edged sword.
He wants to retire somewhere withmore reliable energy hes considering the West Coast, as well as Portugal.
In Portugal, it’s possible for you to buy a home and become a resident.
Im looking into it seriously these days.
Healthcare Hurdles
Im no spring chicken, Tim said.
And Texas isnt exactly known for itscheap medical care.
With an uncertain healthcare future, Tims worried about potential costs down the road.
Hes not sure where he can go, but again, Portugal is on his mind.
Other countries just care more about their older citizens, he said.
My AC works harder than I ever did, Tim joked.
And the electric company sends me a thank-you note every month.
Tim longs to retire in a place with amore temperate climate.
Remember when you could get a weeks worth of groceries without taking out a loan?
Those days are gone, and my retirement budget is feeling the squeeze.
Tims story isnt unique.
Many Texans are crunching the numbers and realizing retirement might be sweeter and cheaper elsewhere.
Dont get me wrong, Tim said.
Ill always love Texas.
But love doesnt pay the bills.
Sometimes youve got to make tough choices to make your golden years truly golden.
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