The Morning Blend


New Year Brings Financial Wellness Opp For Floridians

Posted at 1:50 PM, Jan 20, 2022
and last updated 2022-01-20 13:50:46-05

As families prepare for a new year and seek financial wellness and security, Floridians have a few distinct advantages to be grateful for. Financial advisor Mari Adams explains how these can help Florida families – including the many families that are relocating to Florida -- make the most of these “only in Florida” benefits to become more financially secure.

For example:

  • Floridians don’t pay income tax, and can leverage what would go toward such a tax to invest and save wisely.
  • Florida Prepaid Plans, the largest prepaid program in the nation, allow families to save for future college tuition costs for as little as $45 a month.
  • Florida does not have an inheritance or estate tax.
  • Florida’s average cost of living is moderate compared to other large states.

This interview opportunity is provided by Florida Prepaid College Board