| Choosing the best states to retire in may require | | | | keeping his residence in the state where he used to |
| looking at more than the number of golf courses | | | | work. His university pension is not subject to state |
| available. For some the tax situation may be very | | | | income tax in the state he retired from. |
| important. | | | | There are 27 states that do not tax Social Security |
| It can be important for the wealthy person and also | | | | income...really 34 if you add the seven states with no |
| for the most frugal among us. | | | | state income tax. If that is all you have to live on |
| The very wealthy are more likely to gravitate | | | | choosing the best state to retire in will take this |
| toward Florida and Texas. They are two of the | | | | factor into consideration. |
| seven states without state personal income tax. The | | | | If you are retired military, and I am not, you should |
| other five are Nevada, Washington, Wyoming, South | | | | be aware of the 26 states that do not tax your |
| Dakota and Alaska. When Rush Limbaugh set up | | | | military retirement pay. In my humble opinion, we |
| residence in Florida from New York City, I can assure | | | | should be doing everything we can for the men and |
| you it was for more reasons than just the weather. | | | | women that served in the military. It makes no sense |
| For some that are not as wealthy as Limbaugh, | | | | to say thanks for your service and then penalize |
| picking the right state can also greatly affect their | | | | them with a tax on their military pension. |
| bottom line. If you have any type of pension you | | | | The best states to retire may be where you can |
| should be aware of which ones tax military, social | | | | keep more of your pension. You can find them on |
| security or state pensions. For instance one of my | | | | the link below. |
| best friends saves several thousand dollars a year by | | | | |