7 Reasons NOT to Retire in New Hampshire
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Published 2024-04-05
7 Reasons Not to Retire in New Hampshire: In this episode we discuss OUR 7 reasons for choosing not to retire in New Hampshire (NH) the "Live Free or Die" state. We've lived here for 25 years and have made the decision to relocate to Eastern Tennessee. We have loved our time in NH raising our children as it's a safe place and the educational systems are great. This decision, which is one of our biggest, has trimmed 7 years off our retirement horizon! Ask yourself, would you move to be able to retire 7 years early and enjoy a much longer retirement?
ABOUT US
We are Cherie & Jim, we have 2 grown children and 1 close. We are progressing towards retiring early. We have rapidly accelerated our retirement target ages building a model and living it. We lived paycheck to paycheck, until we took our future in our own hands! We believe in investing in yourself first, make yourself the priority! We also believe in owning your own existence, it's all your decisions. We have made many micro behavioral changes that have resulted in macro results.
We are sharing our journey as it could help others. We are transparent around our progress (shared monthly) and letting you in on our rituals. We cover The Good, The Bad and the "Ugs". We simply want every day to be Saturday.
DISCLAIMER TIME
We are not licensed financial advisors, nor licensed relationship advisors. Our videos are indented to distill information we have lived through. Any investment, financial information or relationship information we provide is in the context of our journey, before making any investment or life changing decisions its always best to check with your advisor first.
All Comments (21)
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Thank you for taking the time to watch! We know some might disagree with us on this video. We completely understand, we are simply letting people know why we are choosing not to retire here. Any other reasons you would add or disagree with?
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THANK YOU I had been considering moving to NH and you have really helped me be more informed ! Crazy how much they tax people to live on the woods !? What I realized was the "carrying costs of NH's 7 cold months (electricity, propane, etc...) are almost the cost of property taxes again ! That is frightening.... Thank you for the defibrillation 🙏
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I love NH. Ski the east! Lack of diversity is a good reason to stay here too. It's been a great place for our family with a fun neighborhood for our kids, they have lots of good friends, awsome school, business environment has been good for me, but I'm not going to retire for at least 20 years so things will surely change. I enjoy hearing your experience and interested to learn of the other options people go for. Thank you for the research and data you put together for this!
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Once you get over-exposed to other "cultures" you may rethink that issue 😊
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Half my family live in NH. Your property tax is jaw dropping. My nephew and his family rent in Manchester and they are struggling right now. Congats with finding a place close to the water.
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Really enjoyed this video and it gives a lot of good info that applies to us as we explore early retirement. Odd question: Where did you get that plaid red/black jacket? It is super cool.
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New subscriber here. My hubby and I are hoping to retire early as well. I was so happy to find your channel. Can't wait to see your channel grow! I am going to refer you all over the place. I've been part of the budgeting community here on YouTube for a while. Not really a channel yet, but definitely interacting with a lot of the budgeting channels. Can't wait to get caught up on your content!
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NH is the most affordable of the New England states when measured in aggregate tax burden wise. The high property taxes are to be expected in a state with no sales and no income taxes. Plus if property taxes are a concern, they vary by town, and you can search around for towns with far lower rates and as a retiree, what do you really care if a town with low tax rate has mediocre schools that you will never use anyway. I have multiple properties in Maine, I come originally from MA and I have lived in California for almost 30 years, if I was retiring to New England, NH would be my first choice.
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I live in Mass and I like visiting NH for the natural beauty. But yeah, too cold for me to live there permanently. Enjoyed your video. Good luck in Tennessee. Will be interesting to hear about your journey there.
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I went to grad school in NH in early 2000s. I've been following from a distance how high living costs have gotten. It's always been pretty expensive but I believe you could still find affordable 'pockets'/towns on the coast. I doubt I could afford to go to school there now. All new construction on the seacoast appears to be in the >800k range. I considered a move to Southern ME a while ago but the cost of winter heating was a deal breaker. Thanks for the reality check.
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So what town do you live in and where are you moving to? I'm considering NH for an upcoming move, but after your video I'm doing more research and rethinking NH.
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Smart of you to be mindful of your property taxes and overall tax burden. I see people all of the time upgrading their homes with no thought of what that will cost in their golden years. I’m not sure if I could move at this point but I’m at least ten years older than you guys. As our kids were going off on their own I thought that if they both went to the same area that we should go as well. Now they are older, I think it’s highly unlikely that both would move far away. I place a high priority on being near at least one of them and we have other things that would make it hard to leave as well.
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Excellent video! I'm very impressed. You two do a great job. Those costs are amazingly high. Where are you moving to? Somehow I missed that. Buzz
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I live in a neighboring town to Concord. There is no way I could shovel my own very long driveway. The additional expense many have is snow removal. I pay about $1200 a year for that.
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That snow is enough to say goodbye too! I'm in Eastern Washington and I'm still expecting there will be one more snowfall. Hope I'm wrong. I did it. I left Seattle at 55 years of age and moved to small town. Best decision ever. My electricity is $26 plus .06 per kwh.
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congrats on sticking it out that long? It's 84 degrees today in Texas. my electric bill last year was $2800 for the year, and that includes our 100 degree summer months. It's hot in the summer, that's why we have lakes everywhere and just about everyone has a pool in the backyard. Its mild in the winter, we can play golf year round 🙂
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Never been there but all of those Game Warden shows make it clear that not much about living in NH is "free".... they get people for all kinds of crazy things that aren't a problem in any other state.
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Good point on the best months there are super limited...
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where are you moving to?
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Why didn't you move a long time ago? :)
