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.
Creating a Meaningful Life | Wally Hawley
About Wally Hawley Wally Hawley is a co-founder of InterWest Partners (1979), one of the larger venture capital partnerships in the United States, formed to make equity investments in diversified U.S. growth companies. His prior experience includes seven years as President of SHV North America Holding Corp., a wholly owned subsidiary of a Netherlands…
Liberal Arts in the 21st Century | Reed Wilcox
About Reed Wilcox Reed Wilcox is president of Southern Virginia University. He previously served as co-founder and chief development officer, and currently serves on the board of directors of Clene Nanomedicine, a science-based company with proprietary technology integrating nanotechnology, advanced materials science, plasma physics, and biotechnology. Clene’s proprietary nanomedicine technology is a new form of…
Making a Difference | Sharlene Wells Hawkes
About Sharlene Wells Hawkes Sharlene Hawkes was previously VP of Communications with Monarch Health Sciences where she was responsible for all corporate brand communications. Additionally, she was one of the first women to work for ESPN and worked as an award-winning sportscaster nearly 15 years, covering such events as World Cup Soccer, the Kentucky…
The Art and Science of Creating an Album | Chris Shreenan-Dyck
About Chris Shreenan-Dyck Chris Shreenan-Dyck is a renowned Canadian music producer and recording engineer. He was nominated for Engineer Of The Year at the 2012 Juno Awards, and five of the albums he has worked on have won Junos (Canada’s version of the Grammy Award), as well as having received multiple nominations. Chris has…