Are you happy where you’re living now? You may be comfortable in your location because it’s close to where you work, it’s a great place to raise your kids, and it’s close to your friends and family. But it doesn’t have to be forever. In fact, you might contemplate a move in the near future, especially if you’re nearing retirement or are already retired.
Why would you move? For starters, there could be personal issues. You might enjoy living in a warmer climate, getting away from congestion, and living closer to a golf course or by water. But economic considerations, especially with regard to taxes, also may be part of the equation. Depending on your situation, it may be far less costly for you to live somewhere else when you take state and local taxes into account. Consider the following:
All of these tax considerations could affect what you’ll spend during retirement. With a little homework, you may be able to find a place with low taxes and one that appeals to you for other reasons.
This article was written by a professional financial journalist for Kevin Kennedy, LLC and is not intended as legal or investment advice.
© 2024 Advisor Products Inc. All Rights Reserved.
CONTACT
Phone: 510-748-1898
Fax: 510-748-1896
kevin@KevinKennedyLLC.com
1516 Oak Street, Suite 101
Alameda, CA 94501
© 2024 Kevin Kennedy, LLC. All Rights Reserved.
Stocks Closed At A Record High
The Standard & Poor’s 500 stock index closed Friday at a new all–time high, ending the first quarter of the year with a gain of 10%. That’s as much as
Federal Reserve Projects Strong Growth
The Standard & Poor’s 500 index soared 2.3% last week and is on track to close the first quarter of 2024 with a gain of more than 10% — more
This website uses cookies for navigation, content delivery and other functions. By using our website you agree that we can place cookies on your device. I understand