Why Boise is the Best Place to Retire - Retiring in Idaho

[@Livinginboiseidaho-candid]

🤔 Thinking about moving to the Boise, Idaho or somewhere in its surrounding Treasure Valley? 📱 Call or Text: 208-598-3040 📧 Email: [e-mail] 🖥️ Website: andyellisonrealestate.com

[@dovygoodguy1296]

Hi Marcie, I like your presentation. Any thoughts about infrastructure in Boise, including sewage system, construction, noise, air pollution, trash accumulation, etc.? Do you have videos zeroing in on the needs of the over 65 demographic? In terms of crime, how do things compare with Montana relating drug addiction, the cartels spreading Fentanyl? How about the problems with homelessness?

[@Livinginboiseidaho-candid]

Thanks for watching and I appreciate the questions! The city of Boise is currently playing a bit of catch up from the boom it experienced. Thankfully the biggest issue is arguably roads (you will see detours and road construction pretty much wherever you go). Our roads just really weren’t prepared. And then in regard to trash accumulation, sewage and air pollution the city really remains incredibly clean and well-maintained. Time after time, as we tour people through the valley, they comment on how incredibly clean Boise and its surrounding Treasure Valley is. This is helped by the fact that our homeless population is very low and the facilities and resources available to those who find themselves in such situations are dialed. Unfortunately, just like the rest of the country, we have seen an uptick in drug busts and addiction rates. That said, that uptick has been relatively minimal (compared to Montana or to the national level). And, unlike some of our neighboring states, such as Oregon, Idaho maintains a ZERO tolerance policy (marijuana isn’t legal here, let alone any hard drugs). And I would be SHOCKED if that changed anytime soon. And then last, unfortunately I don’t currently have any additional videos directed at my 65+ viewers to direct you to. if there are topics you would like to see covered, please let me know, and I would be happy to film a video covering them in the future. Appreciate the views & comments!🙂

[@dovygoodguy1296]

@@Livinginboiseidaho-candid Nice reply. For retirees over 65, I guess subjects would be medical care, health insurance options connected to Medicare, quiet neighborhoods closest to amenities and conveniences, recreational and other activities relevant to older folks, discounts for seniors, snowbirding in warmer climates during the winter.

[@medic1937]

I didn't hear about this in the video but just to add, Idaho has a food tax on all food you buy. Ridiculous, yes, but maybe it'll get repealed one day.

[@Livinginboiseidaho-candid]

First, thank you for continuing to watch and contribute to our channel! We greatly appreciate your views and feedback!😊Second, GOOD point! I mentioned our sales tax VERY briefly but should have made that more clear. Paying 6% on groceries does seem a bit ridiculous - and certainly is important for people to know! Thank you! 🙂

[@medic1937]

@@Livinginboiseidaho-candid No worries! I love your videos and find them immensely informative!

[@Livinginboiseidaho-candid]

@@medic1937 Thank you! 😊 How is your house in CDA coming along?

[@mattdecker6791]

Taxes seldom get repealed . . .

[@medic1937]

@@Livinginboiseidaho-candid It's good! Closing May 10th as of now.

[@rtsaldivar]

Great overview! I wasn’t aware of all that Idaho has to offer!! Thank you!

[@Livinginboiseidaho-candid]

Thanks so much for watching and commenting! Idaho (even after the growth we’ve experienced) still remains a hidden gem for many. We love calling it home!

[@mattdecker6791]

Most people hit that 5.8% income tax rate easily. The 6% sales tax, which includes food, is also substantial. Property tax factors in, as well. I wouldnt say ID taxes are high but one probably would not move there simply to save on taxes, there would have to be additional factors. Low crime, few drug addicts, and non-woke politics are big drivers to ID, too.

[@Livinginboiseidaho-candid]

Thanks for the comment, and we’d agree all of those (with the exception of the 6% sales tax we have, even on groceries) are reasons many retirees love it here. Thanks for watching!

[@jedwin4816]

6% tax on everything? I'll gladly trade you the 10.5% sales tax on everything BUT food I have in CA for your 6% anytime 😅

[@Livinginboiseidaho-candid]

@@jedwin4816 The vast majority tend to agree with you. And if you have a FSA or HSA card (and remember to buy your qualifying pharmaceuticals with it) well those savings can add up quickly.

[@dovygoodguy1296]

Where does the drug trade Fentanyl situation that is afflicting Montana? Homelessness?

[@Livinginboiseidaho-candid]

@@dovygoodguy1296 Ugh, fentanyl! 😣😡 Our hearts break for long-term residents in Montana, Oregon, Washington and California. Such a complete (and UNNECESSARY) mess! Thankfully, here in Idaho, we haven’t seen it anywhere to the level that those states have (mainly because we have a ZERO tolerance for it)… that all said, we have (unfortunately) seen cases tick up here as well. Just know that Idaho, being an incredibly RED state, will be one of the very LAST states EVER to legalize any of that ridiculousness.

[@dovygoodguy1296]

Of course issues related to retirees are things like mobility in the winter, good sidewalks, elevators and ramps in lieu of stairs, efficiency of food and groceries delivery services, Uber/Lyft, medical emergency transportation including van services and disability accessibility, etc. Unfortunately most KZbinrs on most cities anywhere NEVER mention most of these subjects. One will find most KZbinrs on most cities are focused on the under 50 demographic.

[@Livinginboiseidaho-candid]

Thanks for the feedback - we will try to make a video in the future that covers those items.

[@2zarlin]

I love Boise but all the people from Cali that moved there will eventually ruin it. It’s all about the politicians; just look at “their” cities. Keep it quiet or you will ruin what you love about it.

[@xaviethecat]

I'm in CA; born & raised. It is NOT like when I grew up here. Trust me, there's no way I'd want to ruin the place I'm fleeing to. I think there is election skullduggery here (there are more red ppl than you imagine) thus I fear it won't get better & that is why I'm looking to retire elsewhere. You have my promise: I won't CA your ID.

[@WesTxNav]

Are you kidding me? Surprised at how low the housing prices are? If I was coming from out of this world costs that are from living in California maybe, but from any other of the 48 states, NO WAY. Housing prices in and around Boise are outrageous. HOA fees, not owning the land that the home is on is unbelievable and unheard of. There is No Way I would even think or be able to afford to live there.

[@Livinginboiseidaho-candid]

Thanks for the comment, you’d be surprised how many times we have been told that our housing costs are relatively low. It all comes down to where people are coming from and therefore what they’re comparing it to, but I completely understand your point. Just in Boise alone the average home price jumped by an astounding 61% between the end 2019 and 2022 - that’s nuts!😳

[@MrRmeadows]

How is that 401k income taxed exactly? If I withdraw 20K from lets say a Roth IRA account; is the entire 20k taxed at 5.8% or is it just the part of the 20K that actually has increased since I deposited it?

[@Livinginboiseidaho-candid]

Such a great question! And I *think* I know the answer but want to be certain before responding. Give me a beat and I’ll get back to you!

[@MrRmeadows]

@@Livinginboiseidaho-candid Cool, thanks. Will be interesting if the Roth which was taxed by feds gets fully taxed by the state. If it doesn't is regular 401k taxed more than Roth by the state.

[@Livinginboiseidaho-candid]

Thanks for patience, here is what we found out. Since all your investments in a Roth IRA are after-tax, your withdrawals are *almost always* tax-free. That said, the best way to withdraw (to allow earnings & contributions to be completely tax-free) is to pull what they call “qualified distributions”. To have a qualified distribution, here are the conditions: 1. At least five years have passed since the first year a Roth IRA contribution was made or, in the case of a conversion since the conversion occurred and 2. At least one of these additional conditions is met: • The owner is age 59 1/2. • The owner is disabled. • The owner has died (distribution is to estate or heir). • Withdrawal is for a first-time home that you build, rebuild, or buy (lifetime limit up to $10,000). Hope this helps!

[@MrRmeadows]

@@Livinginboiseidaho-candid Thank you for clearing that up. I have both Roth and Traditional accounts. Kind of a 2 part answer. But I think I know the answer to 2nd part. Most likely they tax the entire amount withdrawn from Traditional account. Since those would have never been taxed before.

[@mattdecker6791]

Very nice overview! Your point about Boise being an excellent jumping-off location to all points on the West Coast, was a good one! 😊

[@Livinginboiseidaho-candid]

Thank you! Please let us know if you think of any additional questions. We’re here and happy to help! 🙂

[@BlueHorse22]

Pretty informative video. One of the better ones I’ve seen. Are there model homes to tour at each new community like in Florida and if so do they try to have a visitor “sign in” and essentially forfeit rights to have your own realtor later?

[@Livinginboiseidaho-candid]

Thanks for the comment!The majority of new communities across the Treasure Valley have model homes. And yep - if you go into one without your own agent present, the vast majority of their sales teams will try (and sometimes quite incessantly) to get you to work directly with them. We cringe every time we hear from someone who “worked directly with the builders team”… So, basically you got hosed. 🙈

[@larryjanson4011]

bring a LOT of USD if you want to buy a home. under $200K is a trailer house.

[@Livinginboiseidaho-candid]

You’re not wrong. Our housing prices have exploded over recent years due to our market’s imbalance of demand and supply. Typically, the retirees we’re currently working with have a budget of over $450k.

[@mattdecker6791]

WY won out over ID during our CA escape because of taxes. WY has no income tax and a 4% sales tax on non-food items. Once this difference became apparent and retirement drew closer, we sold the Island Park property we had been holding and bought in Cody.

[@Livinginboiseidaho-candid]

Thanks for the comment! WY is an AMAZING state! Wouldn’t want to deal with the winters, but congrats, it’s a great place to retire.

[@Livinginboiseidaho-candid]

Thank you for watching & commenting - Cody is amazing! Congrats! 🙂

[@stevenwiiest2286]

Are state income taxes deductible on federal income taxes?

[@Livinginboiseidaho-candid]

Great question! In Idaho, state income taxes paid to Idaho are deductible on your federal income tax return if you itemize deductions.

[@stevenwiiest2286]

Thanks. I definitely itemize my tax return.

[@Livinginboiseidaho-candid]

@@stevenwiiest2286 Well then, you’d be set here in Idaho.

[@countryside8122]

Yea, but the homes are VERY EXPENSIVE!!!

[@Livinginboiseidaho-candid]

It’s true, our home process across the Treasure Valley have undeniably (and significantly) increased significantly over the past several years.

[@larryjanson4011]

why is it her rt eye brow looks like in goes way down her face?

[@Livinginboiseidaho-candid]

I have a scar - that’s why.

[@trucagirl1]

Hi Marcie, I’m looking for a property in that are. I’ll be coming up this week after the holiday. I’m looking for a realtor. Seen me a ,pmessage.

[@Livinginboiseidaho-candid]

Hello! We’d be happy to help you explore the area. Please email or call/text us when you have a moment: 208-598-3040 or [e-mail] Hope you are having a great Labor Day weekend!