Nevada can be a great place to retire . The weather is warm and sunny pretty much year-round, and there are plenty of beautiful natural attractions, including parts of the Sierra Nevada and Red Rock Canyon. The state also has no income tax or state-level property tax, so you may get more out of your investments and any part-time work you still choose to do, according to RedFin.
If you’ve thought about moving to Nevada to retire or are currently a resident, you may have wondered how much you would need to save for the future. Based on data from the U.S. Bureau of Labor Statistics, the average American would need around $737,745 to retire in Nevada if they were planning for a 20-year retirement. Here’s what you need to know about the math for that and why living in Nevada costs what it does.
Also consider avoiding these money mistakes if retiring in Nevada.
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