))
Should We Move to Save $$$ on Taxes?
Manage episode 480695936 series 3656434
Content provided by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP®. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP® or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
What are the perceived benefits of moving to a low-tax state in retirement? Is it all it’s cracked up to be?
We’re gonna cover a Wall Street Journal article by Debbie Carlson that delivers an important dose of nuance: “Don’t let the income-tax tail wag the total-spending dog.”
I also answer a very thoughtful question from Lynn about sequence of returns risk, as well as average returns vs order of returns.
Key topics from the article:
🏠 Real Estate & Insurance Can Eat Up the Savings 📊 For Middle-Income Retirees, Sales & Property Taxes Matter More 💵 Homeowners Insurance Is a Big—and Growing—Expense 📚 Don’t Forget State-Level Retirement & Estate Taxes 🧮 Ben’s Take: Look at the Whole Picture
Resource: Article by Debbie Carlson: https://www.wsj.com/personal-finance/taxes/retirement-low-tax-rate-states-move-cabdb31b
Connect with Benjamin Brandt
- Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
- Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter
- Work with Benjamin: https://retirementstartstoday.com/start
Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
Follow Retirement Starts Today inApple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
347 episodes
Share
