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Re: 10 Tax-Unfriendly States for Retirees 2011

By: micro in POPE | Recommend this post (0)
Sun, 26 Jun 11 9:59 PM | 22 view(s)
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Msg. 38383 of 65535
(This msg. is a reply to 38372 by Zimbler0)

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Hi Zimbler!

Good info!

The only real surprise I had was that New York was not on it and that IOWA was. The others I kinda could have figured out.

Thanks for the article.

micro....




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The above is a reply to the following message:
10 Tax-Unfriendly States for Retirees 2011
By: Zimbler0
in POPE
Sun, 26 Jun 11 7:12 PM
Msg. 38372 of 65535

http://finance.yahoo.com/focus-retirement/article/112987/tax-unfriendly-states-retirees?mod=fidelity-livingretirement&cat=fidelity_2010_living_in_retirement

Some states offer attractive tax benefits for retirees. Then there are these ten tax hells, which have earned a place on our "do not live here for your second act" list either because of higher-than-average taxes across the board or because of policies that don't exempt much retirement income from state taxation. For retirees living on a fixed income, high income taxes, burdensome real estate taxes and hefty sales taxes on daily purchases can really eat into a nest egg. Choosing to relocate to — or stay put in — a state with a low overall tax burden can help stretch your retirement income.

#1 VERMONT


(Article does continue. Zim.)


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