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Thinking about where to retire? - DailyPassport
Decisions, decisions, and more decisions. Retirement planning is not (or at least shouldn’t be) a simple exercise. The financial pathways are critical and need to be considered well in advance. So too are the social implications of leaving a career behind…will you miss the daily structure, the camaraderie, the rhythm of your days, etc.? All important criteria, for sure. But what about geography? If you don’t plan to remain in your current location and you don’t intend to move outside the country, it’s wise to look into the incentives states offer for relocation. A DailyPassport TIPS article provides some help in this area via discussion of “The 7 Most Tax-Friendly States for Retirement.” Click here to read it.
Oh, by the way…if you’re looking into the possibility of retiring offshore, know that the AMAC Foundation’s Social Security advisory Service can help you sort out the nuances of the rules related to benefits paid outside of the U.S. Click here to learn about this free service and how to access it. Also, you might find this Foundation staff article on “expats” of interest.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.