retirement

Why Ligonier, Penn., Is a Great Place to Retire

In southwestern Pennsylvania, this small-town is a nostalgic icon.

Population: 1,540

Nearby large city: Pittsburgh

What $300,000 will buy: 3-bedroom, 3-bath renovated cottage on 2 acres near the state park and golf course

Paul Fry, 63, a lifelong resident and secretary-treasurer of Ligonier Borough, says friends who return for reunions are surprised at how little the town has changed since their high school days. “People who had to move away to earn a living want to move back to town,” he says. “They just love the charm and the atmosphere.”

If you need specialized health care or want to see a Broadway show, Pittsburgh is about an hour and 10 minutes away. Can’t get tickets to see the Steelers play? You can watch the six-time Super Bowl champions practice at their summer training camp at St. Vincent College in Latrobe, just 20 minutes away. Admission to the training camp is free.

The nearby Laurel Mountain Ski Resort is nestled in Pennsylvania’s Laurel Highlands, where you can bike, hike and go white­water rafting. Falling­water, the historic home designed by Frank Lloyd Wright for Pittsburgh’s Kaufmann family, is about 45 minutes away.

A regular influx of tourists means that Ligonier has an unusually large number of retail establishments for a town of its size, with more than 60 restaurants and shops. Need to entertain the grandkids? Idlewild park, featuring more than 35 rides and attractions, including Story Book Forest, is five minutes from downtown.

Homes in Ligonier include close-to-town colonials for less than $200,000 and mountain homes with lots of land for $300,000 and up. The median property tax in Westmoreland County, where Ligonier is located, is $2,010.

Pennsylvania doesn’t tax Social Security benefits or distributions from 401(k)s, IRAs and other retirement plans. The state has an inheritance tax ranging from 4.5% to 12%, depending on the relationship of the heirs to the decedent.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
11 Best Monthly Dividend Stocks and Funds to Buy
Kiplinger's Investing Outlook

11 Best Monthly Dividend Stocks and Funds to Buy

Your bills come monthly. Why not your dividend checks? These are some of 2021's best monthly dividend stocks and funds for easier income planning.
May 25, 2021
4 Strategies to Reduce Taxes in Retirement
retirement planning

4 Strategies to Reduce Taxes in Retirement

Don’t let the possibility of higher taxes in the future sink your retirement income plan. Consider these four ways to help manage your taxes, keeping …
May 31, 2021

Recommended

Taxes in Retirement: How All 50 States Tax Retirees
Tax Breaks

Taxes in Retirement: How All 50 States Tax Retirees

We rated every state, plus Washington, D.C. on how retirees are taxed. We considered taxes on Social Security and other retirement income, tax exempti…
June 10, 2021
Scam Alert: 4 Types of Fraud That Target the Elderly (and How to Beat Them)
Scams

Scam Alert: 4 Types of Fraud That Target the Elderly (and How to Beat Them)

Scams target people of all ages, but the most vulnerable tend to be older adults — and the money they lose can have a big impact on their retirement. …
June 10, 2021
Should You Rent or Buy Your Next Home in Retirement?
mortgages

Should You Rent or Buy Your Next Home in Retirement?

If you’re thinking about renting your next home instead of buying, consider the pros and cons of the decision.
May 27, 2021
Retirement Planning Checklist
Financial Planning

Retirement Planning Checklist

Whether the day you stop working is a decade away or around the corner, these to-do items will help you retire on your own terms.
May 26, 2021