5 Things to Know Before Retiring in Las Vegas

Should you consider retiring in Las Vegas? At first glance, it is not hard to convince a senior that retiring in Las Vegas is the right move. There is something for everyone in this fantastic, often under-estimated, and overly stereotyped city all year long. Here are 5 things you need to know before retiring in Las Vegas.

Where are you going to live?

There is no shortage of 55+ retirement communities that cater to retirees. These active adult communities come with golf courses, community centers, and plenty of opportunities to socialize with like-minded individuals. One of the best retirement communities in Las Vegas is Regency at Summerlin, a luxury 55+ community by Toll Brothers in the Summerlin master-plan community.

How much will it cost?

Nevada’s ‘tax-friendly’ state status is a major reason people move to retire in Las Vegas. It’s been said that a Nevada retirement can be a financially savvy move for a lot of individuals. And Nevada is one of only a few states that does not impose an income tax.

Let’s look at a tax breakdown in the state of Nevada:

• No state income tax
• Social Security income is not taxed
• Pension income is not taxed
• Withdrawals made from retirement accounts aren’t taxed
• No inheritance or estate tax

What do other seniors do?

For retirees not living in 55+ communities, senior centers offer activities and programs that accommodate the senior community. Most offer classes, activities, fitness facilities, and socializing opportunities. Some senior centers even provide food service, transportation, and organized activities!

Who will be your healthcare professional?

Finding suitable healthcare facilities in your new neighborhood is essential when retiring in Las Vegas. For example, The Summerlin area is close to Kindred Hospital and St. Rose Dominican Hospital. There are several skilled nursing facilities nearby, urgent care facilities, and quick care.

Where’s the fun?

Las Vegas has been home to world-class entertainment that draws millions of tourists to this metropolitan city. You can expect The Blue Man Group, Cirque du Soleil, and world-class comedians.

Your favorite singers, musicians, or recording artists will headline in Las Vegas frequently.

Retiring in Las Vegas will also put you near the Grand Canyon, Zion National Park, and all Southern California offers.

Here are some other activities you’ll enjoy:

• Plenty of rounds of golf.
• Battling it out in a tennis match.
• Take a cruise on your bike for a quick workout and take in the beautiful scenery along the way.

Some of the famous outdoor spots in the Las Vegas Valley include:

• Red Rock Canyon
• Colorado River
• Hoover Dam
• Lake Mead
• The Arizona Hotsprings
• Lake Mead Recreational Area
• Lake Las Vegas
• Valley of Fire
• Mount Charleston (Hike/bike in the summer, snow in the winter!)

Summary

These 5 need to know things should start you on the road to retirement in Las Vegas. Whether you continue to make Las Vegas your home or decide to move here, knowing these 5 things will ensure that you will have a great time and make some amazing memories.

Retiring in Las Vegas has many benefits. Come and start the second act of your life here in Las Vegas!