| If you are looking to plan your retirement, you need | | | | about particular localities as well as in whole states. |
| to start considering the different tax benefits that | | | | There are many sources that are directed specifically |
| would apply based on what US state you decide to | | | | at retirees, so you could look for books and websites |
| live within. Making a move strictly for tax reasons | | | | offering advice about the best places to retire to. |
| might seem extreme, but it can affect your income | | | | Some websites allow you to compare the various |
| after retirement. Where you live can have a major | | | | costs of living and taxes in the various locations that |
| impact on the local taxes that you have to pay. | | | | you are considering, along with other factors such as |
| The best states for retirees are sometimes called | | | | the crime rates, climate, leisure facilities and cultural |
| "No-Tax Heavens". Although paying no taxes at all is | | | | opportunities. There will be some individual variation in |
| rather unlikely, tax havens are states in which your | | | | the actual taxes that you would be required to pay, |
| taxes will be low enough to have very little effect on | | | | so keep in mind most tax calculators will be only an |
| your finances. The tax you will pay after you have | | | | estimation. They are very useful for getting an |
| relocated should not be your only concern, however, | | | | overview of a particular area, but you should always |
| as the overall savings benefit will also depend how | | | | check with the local municipality that you would make |
| much expense is put into your relocation costs to | | | | payment to for more exact detail. Additional monthly |
| get there. | | | | costs such as local utility rates should also be |
| It is a good idea to look at real estate taxes before | | | | factored into your decision. |
| you consider what you will pay once you are settled, | | | | Even with the savings that can be made by moving, |
| as it will help you to narrow down your options. | | | | many retirees choose to stay where they are. The |
| Property tax has been increasing in recent years, and | | | | amount of money that could be saved may not be |
| can have a dramatic impact on your ability to save | | | | worthwhile if family and friends are to be left behind. |
| money when moving. Too many people fail to take | | | | The best move possible would be one that puts you |
| this into account. The Internet can provide | | | | within a decent driving distance of family, and keeps |
| information on real estate taxes, or you can contact | | | | more money in your pocket come month end. |
| the central organization offices to get information | | | | |