‘Don’t let taxes derail your lifestyle’: Moving to a state with no income tax after retirement can pose other problems
Americans nearing retirement may be looking to so-called “tax-friendly” states in hopes of further increasing their savings. This often means moving to one of the states with no income tax (including Florida, Texas, and Tennessee), or where retirement income such as pensions, IRAs, and Social Security benefits are tax-free. In theory, the strategy may seem … Read more