Don’t overlook taxes when contemplating a move to another state

Don’t overlook taxes when contemplating a move to another state

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legal domicile

When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be closer to family members. Don’t forget to factor state and local taxes into the equation. Establishing residency for state tax purposes may be more complex than you think.

Continue Reading: Don’t overlook taxes when contemplating a move to another state

Thinking About Moving to Another State in Retirement? Don’t Forget About Taxes

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New State Taxes after Retirement

When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Don’t forget to factor state and local taxes into the equation. Establishing residency for state tax purposes may be more complicated than it initially appears to be.
Continue Reading: Thinking About Moving to Another State in Retirement? Don’t Forget About Taxes