Everyone will tell you to move to Florida or Texas to retire tax-free. But the truth? Taxes are more complicated than a “No State Income Tax” billboard. In this first part of a two-part series, we unpack The Great Tax Mirage and reveal why some so-called high-tax states like New Jersey, Pennsylvania, and Iowa may leave retirees with more money in their pocket than the sunny paradises they’re fleeing. We dive into Fidelity’s latest study modeling retirees withdrawing $100,000 a year from an IR...
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Everyone will tell you to move to Florida or Texas to retire tax-free. But the truth? Taxes are more complicated than a “No State Income Tax” billboard. In this first part of a two-part series, we unpack The Great Tax Mirage and reveal why some so-called high-tax states like New Jersey, Pennsylvania, and Iowa may leave retirees with more money in their pocket than the sunny paradises they’re fleeing. We dive into Fidelity’s latest study modeling retirees withdrawing $100,000 a year from an IR...
Why Retiring in Iowa Might Make You Richer Than Florida (Seriously) - Part 1 of 2
Your Money Guide on the Side
27 minutes
1 day ago
Why Retiring in Iowa Might Make You Richer Than Florida (Seriously) - Part 1 of 2
Everyone will tell you to move to Florida or Texas to retire tax-free. But the truth? Taxes are more complicated than a “No State Income Tax” billboard. In this first part of a two-part series, we unpack The Great Tax Mirage and reveal why some so-called high-tax states like New Jersey, Pennsylvania, and Iowa may leave retirees with more money in their pocket than the sunny paradises they’re fleeing. We dive into Fidelity’s latest study modeling retirees withdrawing $100,000 a year from an IR...
Your Money Guide on the Side
Everyone will tell you to move to Florida or Texas to retire tax-free. But the truth? Taxes are more complicated than a “No State Income Tax” billboard. In this first part of a two-part series, we unpack The Great Tax Mirage and reveal why some so-called high-tax states like New Jersey, Pennsylvania, and Iowa may leave retirees with more money in their pocket than the sunny paradises they’re fleeing. We dive into Fidelity’s latest study modeling retirees withdrawing $100,000 a year from an IR...
