
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 in Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
From "Retirement Starts Today"
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