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.
Player Salaries Could Be Huge Tax Break for New NBA Owner
Player Salaries Could Be Huge Tax Break for New NBA Owner The ultra-wealthy have a lot of options when it comes to spending their money. Lavish houses, huge properties, remote islands, expensive yachts and exotic cars are just a few of their choices. Of course, like most anyone, the extremely wealthy are always looking to…
Tax Planning and Income Tax Return Preparation Services
Tax Planning and Income Tax Return Preparation Services Greenstein Rogoff Olsen & Co. is a full service provider of tax services and offers solutions to clients in the Corporate, Estate and Trust, Individual, Limited Liability Company, Not for Profit, Tax Exempt, Partnership, and S Corporation income tax areas. The primary objective of our tax services…
§1031 Exchanges Combined with Seller Carryback Notes
§1031 Exchanges Combined with Seller Carryback Notes By Steve Chacon Occasionally sellers are approached with the request they carry back an installment note to finance the purchase. Not a bad idea from a “big picture” perspective, as seller financing has been effective in environments where credit is a concern and interest rates are rising. But…
Venture Capital Alternative for Technology Entrepreneurs
If you are an entrepreneur with a small technology based company looking to take it to the next level, this article suggests an alternative that may be of particular interest to you. Your natural inclination may be to seek venture capital or private equity to fund your growth. According to Jim Casparie, founder and CEO…