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.
- 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