Florida is well known for its sunny beaches, tourist towns, and theme parks. After tourism, the retirement industry is Florida’s 2nd largest economic sector, which makes sense considering Florida has the largest senior population of any state in the US. Nearly 18% of the state population is over the age of 65 and locations like West Palm Beach and Boca Raton have been catering to retired seniors for years. With numerous golf courses, country clubs, and senior communities coupled with no state income tax, Florida is an ideal mecca for retirees. The only problem is choosing which city to live in!
Florida has had a Long Term Care Insurance Partnership program since 2005, which allows residents of the Sunshine State to protect their assets and health should they ever need long term care.