Best Retirement Plans

I worry that state and local taxes may soon skyrocket to pay for social and municipal services that the federal government will no longer keep funding. I do not have children in school or expect to qualify for welfare or food stamps so I see little sense in paying these higher taxes if I can help it. The closer I get to retirement and the prospect of living on a fixed income, I worry even more... [more]

I worry that state and local taxes may soon skyrocket to pay for social and municipal services that the federal government will no longer keep funding. I do not have children in school or expect to qualify for welfare or food stamps so I see little sense in paying these higher taxes if I can help it. The closer I get to retirement and the prospect of living on a fixed income, I worry even more about trying to avoid unnecessary expenses. I suspect that I am not the only person in this position. What does anyone think are common solutions to this problem? I suspect people looking to leave as much of their estates to their heirs might have a different opinion. Also, what does anyone think the long-term impact of these issues could be to NYC? Will an aging population combined with higher living expenses eventually cause more people to flee the city and move to places more conducive to their needs? If many people flee, where do you think they people will move to? Florida is getting pretty crowded but still remains relatively affordable. [less]