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Thinking About Retirement Relocation? Check This Out.
Retirement planning is a long and detailed process, and one of the key elements of the plan is likely to be the choice of a destination for those leisure years. Do you want the warmth of the south, or are you leaning toward doing cold-weather activities? Do you want to stay close to family, od do you prefer the cultural aspects of a major city? No matter what, it’s a good idea to also give consideration to cash flow during retirement, and that brings into question the issue of taxes on your Social Security benefits. The Motley Fool’s Maurie Backman, in a post on pantagraph.com, provides an update on the 37 U.S. states that presently do not assess an income tax levy on this portion of your retirement income. Check out Ms. Backman’s post here…