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Considering a move, is your high-cost state just too much? Taxes, politics, and public safety causing anxiety? It's probably time for you to consider relocating. A move to the Mississippi Gulf Coast is probably just what you need. There are at least 21 reasons people are moving to the Mississippi Gulf Coast (see below). 

But why would you move to Mississippi when articles indicate the state is losing population? The time I reveal the true Mississippi Gulf Coast, you know, the place they did not want you to know about. It's a good thing you found this article.

How about some facts first? The State of Mississippi is the poorest in the United States. Yes, without a doubt compared to New York, California and others. Yes, people are leaving the state, and there is a population decline. Want to know why? It's young people who want to live in cities.

Please visit our blog site https://retirecoast.com/21-reasons-why-people-moving-to-the-mississippi-gulf-coast/ to read our blog on this topic.

Visit RetireCoast.com for more about lifestyle, moving to the South, Relocating, investment, real estate, and more. 

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• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

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• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

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Yes, we probably are in a recession but who cares if we call it a recession or not?  What is important is that we bring out the old budget spreadsheet and plan for opportunities as we come out of this period in a few months.

Don't panic sell or buy.  Don't follow the herd to do anything during this period as it is completely unsettled.   Gas prices may go back up.  That motor home you bought during COVID, may be time to dump if you don't use it before everyone else sells theirs.

Don't overpay for a used car now.  Wait until prices drop and they will drop drastically as the supply chain improves and it will.  Buy that house you have been looking at for the excellent price you have negotiated.  The value may fall in a few months but over time it will recover.  

The point is not to overreact.  Plan your spending and don't buy what you don't need now.  Be in a great position to take advantage of the post-recession period when people are dumping their goods and prices drop.         

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Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

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📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
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Snowbirds love the Mississippi Gulf Coast in the winter months (as well as the rest of the year). Snowbirds arrive from Canada, Wisconsin, Minnesota, Illinois, New York, and states where it's just cold during the winter.  Seeking out warm weather and the best destinations takes some research. The Gulf of Mexico and specifically the Mississippi Gulf Coast with its white sand beaches are your cold weather destination. 

Ocean Springs and Bay St. Louis have been named the best cities and best places along the coast for a few years. You have choices for your winter escape, the West Coast, East Coast, or the West Coast. The Mississippi Gulf Coast is the West Coast.

You may ask, how is the weather on the Mississippi Gulf Coast. At the time this was originally published in January 2022, the sky was clear and the temperature was 74 degrees. Very comfortable for the cold season. The beaches, restaurants, casinos, and other venues were all open. 

Well Snowbirds, have we gotten your attention?

Forget expensive Florida or other crowded places this winter. Take a chance that you will love the Mississippi Gulf Coast. Unfortunately, there are no lines of traffic to follow here. You will have to plan a driving trip or fly into either Gulfport airport GPT or to New Orleans airport to get here. 

You could sail your boat through the Great Lakes and down the Atlantic Seaboard, around Florida, and up here but why not just fly or drive. The Mississippi Gulf Coast is just a great place to spend the winter. You never know, you just may find that the Mississippi is one of your favorite winter spots.

Thanks for visiting our site. Please read one or both of our most popular articles here:  "Why I decided to retire in Ocean Springs, Mississippi" and " Why you need to retire on the Mississippi Gulf Coast".

Logan-Anderson, Gulf Coastal Realtors if you are interested in viewing properties or just talking about the Mississippi Gulf Coast.

Christie's Gulf Beach Rentals for vacation rentals on the Mississippi Gulf Coast (Snowbirds: special rates for longer stays)

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Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

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📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
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Consider retiring with mortgage debt vs paying off your mortgage before retirement. Many will tell you to pay off your mortgage and many will tell you there are great reasons to have a home mortgage in retirement. There are strong opinions on both sides of the question. You can best solve the dilemma by having a thorough understanding of your financial situation. Don't try to answer this question before you have created a budget with variations.

One item used as a strong reason to buy real estate is now largely irrelevant which is the property taxes and mortgage interest deductions. Since the tax law changed in 2018, the big tax break was given to everyone and in particular, those over age 65 have killed that reason to retain debt. In addition, most people don't understand when you hear someone saying "I will write this off" what that means. The tax cuts have created a situation where the standard deduction covers almost all debt for retired persons.

There is a good chance that your retirement income will not be sufficient to need any tax breaks. This is a good thing in some sense, it prevents people from spending money just to get a tax deduction. Our example of a typical retired person's income and expenses below shows the effect of the 2018 tax changes on your income. I would love to write at length about taxes but you can read one of our articles about how the 2018 tax changes benefited retired people.

Produced by RetireCoast.com  please visit our blog article of the same title 

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🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

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This is a common question being asked by people in the Millennial and Gen Z generations.  I used a great example of a person who is a Millennial who found a way to buy a house.  He and his wife got jobs, worked hard and are now homeowners.

The podcast explores what it will take for a Millennial or anyone for that matter to be able to buy a house. 

Please visit our website at RetireCoast.Com there are many blog articles on similar topics.  Please leave comments about this episode.  Welcome back.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

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I am pleased to talk about two small coastal towns that have won the USA Today contest for the best small coastal towns for 2022.  Ocean Springs came in at number one, and Bay St. Louis came in as number two.  Nothing has changed over the years except for more restaurants and shops.  Ocean Springs is still the same quaint small town that people have come to love.

Both are located on the Mississippi Gulf Coast.  Having 20% of their list located in the same general area is a great testament to rebuilding after Hurricane Katrina years ago. 

Please visit our website at RetireCoast.com to read more about these two great small towns.

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🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

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The City of Biloxi is a great place to live/visit. One of the best things about Biloxi is that it is affordable not just for living there but to visit as well. With beautiful beaches and a small city feel, it’s the ideal place if you want to leave the rat race of big metros. Yes, Biloxi is a nice place to live, to answer a question often asked on Google.
If you have not already formed an opinion about Biloxi from this article, I apologize for leaving something out. It would help me and others if you would comment below about this article. Please read a companion article about “Why you need to retire on the Mississippi Gulf Coast”. See the live camera feed from the Biloxi Light House click here

Please leave comments below and sign up to receive notice of future articles. Listen to our podcasts by clicking on the podcast in the menu above. There are many more articles on the Mississippi Gulf Coast you can read on this site. 

RESOURCES

Example of a house for sale: Click here

Recent Biloxi housing market update: Click here

22 things to do on the Mississippi Gulf Coast: Click here

City of Biloxi website: Click here

RetireCoast.com presents this podcast.  Please visit our website for more blog articles.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

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So many great choices along the Gulf Coast, where do you start? Here! Let us help you make the right choice by narrowing down the area. Start with the Mississippi Gulf Coast, the best coast. We warn you, our area is a well-kept secret. The communities below are the best places now to live on the entire Gulf Coast.

We have ruled out all of the "other" Gulf Coastal areas for you. They are too crowded, too expensive and they don't have Cajun, Creole, and Southern charm. The only place to get all of these things on or near a beach is the Mississippi Gulf Coast. Did I mention the 12 casinos?

You should come to the conclusion at the end of this article that the Mississippi Gulf Coast is not located on the East Coast or the West Coast, it's located on the Best Coast.

Check out this link if you want more information about the Mississippi Gulf Coast. "Why I decided to move to Ocean Springs, Mississippi" and "Why you need to retire on the Mississippi Gulf Coast".

Retire by the beach on Social Security in 2022 is a good article if you are thinking of retiring on Social Security. If you are a military retiree you will want to read this article: The Best Coast for Military Retirees and Veterans

If you are tempted to rent vs buy, read this article, it may change your mind. Click here.

Please leave comments, and tell us if you enjoyed this article. We would love it if you subscribe below. Subscribers receive updates of new articles. It's free.

Should you wish to look at a property along the Mississippi Gulf Coast, click her

RetireCoast.com

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🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

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Live along the coast with other military retirees who benefit from local military bases. You can afford to live on the Mississippi Gulf Coast with our military retirement pay. Active duty military is located on several bases. This is the best coast for military retirees and veterans.

The Mississippi Gulf Coast is a great place with a low cost of living. Many active military members live in the community along with those who have seen years of service. A primary reason why the high quality of life attracts retired military is due to the proximity to the VA facilities and on-base outpatient clinics.

Do not forget that none of your social security benefits or military benefits are taxed by the State of Mississippi. There is a military tax exemption for real estate taxes. State taxes for any second career income are among the lowest in the nation. Your retirement benefits will go further along the Gulf Coast. Military veterans have been retiring in this area for decades. Did I mention the VA medical center?

Love to Golf, this is the place

Retirees can shop alongside military members who take advantage of the base facilities at Keesler AFB and the Navy Sea Bee Bases. The U.S. Coast Guard is stationed here along with reserve units and the National Guard. You will be around people who understand you. If you golf, you have come to the right place, we have lots of golf courses around the area. 

The affordable cost of living attracts many to our area. VA home loans are available and lenders in this area know how to manage them. With the large military community comes military families. I often meet people who were either in the military or their parents were stationed here when they were young.

These former military dependents came here to live and retire after having seen areas in New York, San Diego, Virginia Beach, and South Carolina. Some of the best cities in the country are located along the Mississippi Gulf Coast. Did I mention that state income taxes are not charged on any retirement income including your 401k and any civilian retirement income for those over 59.5 years old? Articles are often written about Mississippi being one of the best states to buy a house. 

The Mississippi Gulf Coast is just a good place to live. Without a doubt, this is the best coast for military retirees and veterans. The United States Census Bureau just indicated that the population in Mississippi and specifically in two coastal counties has increased over the last few years. 

The list above should convince you that the Mississippi Gulf Coast is the best coast for military retirees and veterans. Of course, a visit to the area would help confirm what you just read. I strongly suggest that you visit the area if you have not been here before. If you have been here but it's been years, come back.

Take a drive North to look at our more rural areas with large acreage and big houses. This will give you a feel for the area. Contact Logan&Anderson, Gulf Coastal Realtors to see a home or five or ten. Bill and Sean can direct you to a loan broker to get an idea of what you can afford. Possibly build your own home on the beach or bayou. Don't forget to visit ActiveDutyRealty.com for more resources.

Please leave comments about this article. Read other articles on this site as well. Our most popular article is "Why I decided to retire in Ocean Springs, Mississippi". Another article on the same topic is " https://retirecoast.com/why-you-need-to-retire-on-the-mississippi-gulf-coast/. Remember, the Mississippi Gulf Coast is the best coast for military retirees and veterans.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

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A simple will can solve unimaginable problems with your estate. Family members will understand what you expect and hopefully honor your wishes. Neglecting a last will may land your estate in probate court following state law. The probate process can be expensive and eat away at your estate. Your simple will: create it now 

You need not hire a law firm to complete a simple will. If you have a complicated estate including a business, the right choice may be to engage a law firm. If it’s important to you that the correct distribution of your assets be done according to your wishes, then a well-crafted will is essential.

I have been an observer several times when family members and friends have argued over the distribution of assets. This has happened even when there is a will covering the distribution of assets. It’s the parents and adult children who argue the most about the terms of the will. 
THE PARENTS FAILED TO TALK ABOUT THE WILL

In one example, there were several brothers. The last parent passed and while there was a valid will, the entire estate included many things including real property, collectibles, coins, and more. The parents failed to talk with the children about the distribution of their estate before they passed away. 

The adult children had not even seen the will until after the last parent passed. The sons or brothers’ wives were worse than their husbands. It seemed that if one wanted something, the other wanted it as well just because. 

Let’s step back a bit and think about what you want to accomplish with your will. If you think that your own will is being created to dispose of your property, think again. Put yourself in the position of those who will inherit your property. An irreparable split between siblings can happen without a complete explanation as to why one or the other is going to receive real estate for example. 

Make a list of assets, not dollar amounts just things such as listing your personal property. Items such as a watch, necklace, etc. of a personal nature should be listed separately. Try not to leave anything off the list if it’s important to any member of the family. The good news is with your list in hand, it’s time to have a meeting with your beneficiaries. 

APPOINT AN EXECUTOR AT THE MEETING TO CREATE YOUR SIMPLE WILL

You need not call in everyone. If you have three adult children, call them to a meeting. Explain the purpose of the meeting. Appoint an executor of your estate and go over the simple will form (unless you need a lawyer for assistance). Tell family members that your will is not to be challenged. You have thought it out and then explain what you have written in the will.

A person whom I knew passed away and decided to leave one of three children less than the other two. The reason was because of some incident years earlier. That’s ok, it was her money to give away. The point is that the reason was in the will so the executor, a sibling was not accused of undue influence over the process. 

YOUR SIMPLE WILL: HELP THOSE YOU LEAVE BEHIND

In closing, remember, the more complete your will the easier it will be for your beneficiaries. Have that family meeting, tell them why you are giving Sandy your father’s watch and why Sam is getting $10 in cash instead of $50,000. Write down what everyone wants, make a decision, and include that in your will. Be sure that everyone gets a copy of your will. Don’t talk about dollar amounts at your family meeting, just shares or specific items.

Please read similar articles at RetireCoast.com. Read this article about assembling your professional support team.

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🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

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