OT: Thinking of retiring to Willimantic in a year or two. Cold doesn't scare me. | Page 3 | The Boneyard

OT: Thinking of retiring to Willimantic in a year or two. Cold doesn't scare me.

As a retired person I plan on selling my house (sorry not for less than $300,000) and moving back to the land of my birth, Eastern PA. Taxes are one reason but not the only reason. The main reason is probably nostalgia. Everyone wants to revisit their youth.
Good luck with that. Just sold my house in Eastern PA for $500K. With NJ taxes being what they are, where do you think everyone is going? Nice low taxes but there’s been a huge spike in property values. Worked out for me...
 
Willimantic isn't Beverly Hills, but it's not Detroit either.

My favorite brewery is there (WilliBrew), you can shop groceries for really cheap at Price Rite (and we do), the main street is growing with some cool businesses, we bought our son a bike at their cycle shop, I get my pool cues repaired there, etc.

I live a couple towns to the west, but I can tell that most people commenting here don't live anywhere near there. If you want to retire there, do it. Go the way of Wally Lamb, visit the railroad museum, and the whole nine. And welcome back to CT...

It’s a lot closer to Detroit than Beverly Hills by a wide margin.
 
I've been down in NC for 20 years, and am considering retiring near Storrs. I like the fact that there is a bit of a downtown area with some historic nature. Seems house prices are cheap, although taxes are stiff (in all of CT). Never been there. Any thoughts how it may compare to say New Milford or is it more like Park St/Maple Ave in Hartford? I'm not keen on the Simsbury/Glastonbury suburbs, although I want to be safe at 11 o'clock at night if walking.
I seem to recall that Willimantic had a huge drug problem but I may be confusing it with another town in that area.
 
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He has another vantage point, and perhaps, a better perspective.

Well, I’ve been to 46 states and 5 countries. I can tell you without hesitation that the last place I’d want to retire is CT. Once my kids are fully grown I’m out.
 
It’s a lot closer to Detroit than Beverly Hills by a wide margin.

Which is still not informing anyone here.

It's not a bad place to be. I've already added some places that I like to go in willimantic, but there are even more than that. Grab some Hosmer soda and go to Motta's bakery on the edge of town to get some nice Italian baked goods.

Will you be surrounded by millionaires? Nope. But that's not what you need to retire anyways...
 
Which is still not informing anyone here.

It's not a bad place to be. I've already added some places that I like to go in willimantic, but there are even more than that. Grab some Hosmer soda and go to Motta's bakery on the edge of town to get some nice Italian baked goods.

Will you be surrounded by millionaires? Nope. But that's not what you need to retire anyways...
Motta's is in Columbia
 
Willimantic is the heroin capital of the US..i would definitely avoid living there. If you want to be near storrs, try Bolton or even Mansfield. I wouldn’t feel safe walking around willimantic at night unless I was packing heat
The heroin/opoid crisis has hit Northeastern CT equally now...The reputation of Willimantic is no longer the reality. Truth is you can get quality heroin in places like Bolton, Mansfield and even Glastonbury now..sometimes even better quality than there is in Willimantic. This has allowed the Main St to open up some businesses like A Cupcake For Later among others that have started to SLOWLY revitalize that place. Unless you live there you must be basing your opinion off of a Hartford Courant article that was written almost 20 yrs ago. I look forward to your reply.
 
Which is still not informing anyone here.

It's not a bad place to be. I've already added some places that I like to go in willimantic, but there are even more than that. Grab some Hosmer soda and go to Motta's bakery on the edge of town to get some nice Italian baked goods.

Will you be surrounded by millionaires? Nope. But that's not what you need to retire anyways...

Don’t want to be surrounded by millionaires. Too each their own I suppose.
 
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I live in Eastern CT. It kind of sucks that property values haven’t gone up. Gypsy moth caterpillars were not fun to deal with. Lot of rain lately.

Cold and taxes are further down my list of important factors.
 
Don’t want to be surrounded by millionaires. Too each their own I suppose.

If you are surrounded by millionaires without being a millionaire yourself, it tends to make living in that type of neighborhood tougher. I thought that was implied...
 
When it comes down to it, there are pro's and con's to everything with the one axiom being that one often gets what one pays for. Thus, it comes down to how each individual weighs the pro's and con's of each. So one man's paradise can easily be another's hell.
 
Move to Reno, NV. Great weather, no state income tax, 45 minutes from Tahoe, top 10 college basketball team with UConn alum as the Athletic Director and lots of other great reasons. I love it out here.
 
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Reno is a windy, dusty/dirty sagebrush tinder box ready to ignite at anytime. The infrastructure is a joke and the growth is out of control. But yeah, the taxes are a nice perk. ;)
 
Move to Reno, NV. Great weather, no state income tax, 45 minutes from Tahoe, top 10 college basketball team with UConn alum as the Athletic Director and lots of other great reasons. I love it out here.

This is the most boneyard response. Guy asks for info on Willimantic and gets responses about Reno, Nevada
 
This is the most boneyard response. Guy asks for info on Willimantic and gets responses about Reno, Nevada

Generally, people will give advice as a way of reaffirming to themselves that what they did was the right thing. If you buy the same television that I did, that means I bought the right one and so on and so on.

That’s pretty much why you can wad up most advice and toss it out the window.

However, when someone offers up that they’ve decided to retire to Willimantic, Connecticut, I think we should encourage any and all alternatives. I’ve never been to Reno, know nothing about it and will almost certainly never go there....but even I think this guy should move to Reno instead of Willimantic.
 
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You might be the only person contemplating moving to CT in retirement. CT taxes any retirement income you have from pensions, social security, IRA's, 401k's, 403b's, etc. A whole lot of states don't tax that income at all. You have 6% or so less retirement income right off the top. You must really like something about CT or someone here.

It’s possible he has more than enough $ to cover the tax. You can easily live in northwestern CT with 5-10M.
 
Some people like to stay where they are when they retire to stay near family and friends. Some people like to move away when they retire to get away from family and friends. A lot of people retire to places where there are things they like to do. A person who enjoys roasting in the sun moves to a hot sunny state with a nice beach. A person who enjoys skiing retires to Vermont or Colorado. A person who enjoys good beer and wings moves down the street from Willi-brew.

P.S. I even heard about a guy who likes basketball and went to coach a DIII basketball team after he retired.
 
Aside from everything else the cold is a dealbreaker for me, but Florida for 6mo+would be ideal with a small footprint up here for the summer. I wonder what kind of deal these suite hotels would give for a 3 month rental?
 
Willamantic.. wow...been there..not my first choice. Maybe there’s parts I missed. Though ECSU Is there. Like where i am.
 
I miss Connecticut. All of my family and my best and oldest friends are there. South Florida has become overdeveloped, crowded, noisy, and every crazy national news story seems to have its roots here.

With that said, I'm staying here because Florida has no state income tax, the weather is great, I have a two minute walk to the beach or a $1 trolley ride to Margaritaville and Hollywood Beach. I don't think I could afford CT's taxes, cost of heating (much, much higher than A/C costs) and I simply can't take the cold and snow anymore. Here, ice is something that exists only in your drink. ;)

I miss going to all of the games, too. FWIW, I'll be there for mighty UMass-Lowell to help fill in the lower bowl seats.
Yeah, I'm thinking of moving to St. Pete from Atlanta because I think it is too cold here. Funny how as you get older you just want warmer and warmer weather. Love CT for the people, location and natural beauty but don't miss the snow and the frigid cold.
 
Might want to check the prices in Westport. The people I know with houses there are CEOs and hedge fund guys.

The big houses on the water are expensive, but the smaller houses near the water are way less than the Cape. Plus there are other towns nearby. Un-renovated 1400 SF ranches that are "walk to the beach" are around $1M now many spots on the Cape. It's nuts.
 
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