Retiring in Delaware
May 26, 2021
With a breathtaking coastal backdrop, a vibrant social scene, and a low cost of living, it is no surprise that Delaware is becoming one of the nation’s top places to retire.
If you too are considering retiring in Delaware, Wilkinson Homes can help you enjoy it all from a new home in one of the area’s most popular developments.
Although it is one of the country’s smallest states, Delaware offers a unique and relaxed resort lifestyle with 350 miles of coastline. Choose between Delaware’s beaches like Rehoboth and Dewey or head inland for smaller, quieter bayside options.
Celebrate 70 years of Delaware State Parks by visiting parks and attractions like Cape Henlopen State Park where the Delaware Bay meets the Atlantic Ocean. History buffs will enjoy the Fort Miles Museum and Historical Area where they can look back on the role the cape played in the nation’s coastal defense in World War II. The Seaside Nature Center is another popular stop with a 495-gallon touch tank and exhibits.
Without sales tax, Delaware is a destination for casual shoppers too. Browse boutique shops on the main street in Dover or the Tanger Outlets in Rehoboth.
Another big benefit of retiring to Delaware is the state’s favorable financial environment for seniors with no personal property tax, no inheritance tax, and no taxes on social security income. In fact, it earned the title as the year’s most tax-friendly state for retirees from Kiplinger’s Personal Finance.
Delaware also provides a pension exclusion of up to $12,500 or the amount of the pension and eligible retirement income -- whichever is less. According to the state’s Department of Revenue includes dividends, interest, capital gains, net rental income from real property and qualified retirement plans.
Long-term Delaware residents can also receive a tax credit against regular school property taxes for their primary residence. To be eligible, a homeowner must be 65 or older and have 10 years of established residency within the state.
Building with Wilkinson Homes
Wilkinson Homes currently builds in three distinct Delaware communities: Weatherstone Crossing, Woodridge, and Townsend Fields. New phases are also planned in Forty Nine Pines and Quails Nest. VIP signups are active on both pages.
Each of these communities in Kent and Sussex County offers a different approach to Delaware’s attractions with access to beaches, shopping and dining. Woodridge also has an expansive clubhouse with amenities including an outdoor pool, a fitness center, a bar, a cocktail patio, two-sided fireplace, outdoor shower and play area.
Wilkinson Homes has three decades of experience in the home building industry and proudly constructs each semi-custom home with today’s best materials, energy-efficient features and contemporary home design. Fill out this form or contact us for more information and to start planning for retirement in Delaware.