Where Should You Call Home in Retirement?
Are you planning on retiring soon? There are a lot of things to consider and prepare for when you’re ready to call it quits and start enjoying the so-called “golden years,” especially when it comes to your financial future. One of the most important matters to take care of is how your taxes will affect your retirement. There are many different factors to consider, but one of the most important is simply where you live.
The Best
So what are the best states to call home after you hang up your working shoes for good? There’s a reason that Florida is the butt of many senior citizen jokes, but perhaps surprisingly, according to Kiplinger’s Personal Finance, the Sunshine State is only the tenth most tax-friendly state to live in for retirement. Other states in the top 10 on Kiplinger’s list from nine to one include South Dakota, Louisiana, Arizona, Delaware, Georgia, Mississippi and Nevada at number two. Taking home the top spot is Alaska.
The Worst
On the other end of the spectrum these 10 states scored the worst as far as being tax-friendly goes. In order from 10 to 1 they are: New York, New Jersey, Nebraska, California, Montana, Oregon, Minnesota, Rhode Island, Connecticut and Vermont. So there you have it. If you’re looking for a new tax-friendly place to call home when you decide to retire then consider these lists closely.
Tax Rate Guide for 2013 and 2014
Tax Rate Guide for 2013 and 2014 Standard Mileage Rates Corporate Tax Rate Schedule Individual Tax Rate Schedules Standard Deductions/Personal Exemptions Capital Gains and Dividends Taxed as Net Capital Gain AMT Tax Brackets Tax Rate Schedules for Estates and Trusts Applicable Exclusion Amount for Estate Tax Lifetime Exclusion Amount for Gift Tax Gift Tax Annual…
Say No & Find 5 Benefits That Strengthen Relationships by Using Boundaries
Say No & Find 5 Benefits That Strengthen Relationships by Using Boundaries Time management tips clear paths for you to live your best life. But of course, demands and distractions crop up every day. Where are your efforts to keep on track successful? Where do they fall short? If you resist saying no to important…
The Art of Listening
The Art of Listening “Understand in order to be understood” is a piece of advice that I have often heard. In order to be a successful leader, you need to care about the individuals who are under your direction. So, how do you accomplish that? You listen to them. Listening is an art that many…
Learning to Lead by Example
Learning to Lead by Example Each morning, the mirror reminds us of at least one person whose motives should meet all of our expectations. There is no limit to what an army of these individuals can accomplish. As you live your life if a way in which you are daily striving to reach your full…