“Pennies in a stream … ski trails on a mountainside… Moonlight in
There is a flip side, though. Marketwatch.com recently reprinted an article from TopRetirements.com entitled, ironically, “Ten of the Worst States to Retire In.” Top Retirements considered state income taxes, estate taxes and taxes on Social Security and pension benefits; the cost of living; the accessibility and quality of medical care; and recreational opportunities and natural beauty.
Forget, also, my home state of
“Many states exempt some or all … pensions from state income taxation,” explains Retirement.com. But “five states allow no exemption for pensions of any kind:
Speaking of the Ocean State, Rhode Island has the sixth highest cost of living and the second highest estate tax (starts on estates over $965,000).
Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, chartered financial consultant and accredited investment fiduciary, is the founder of Arbor Wealth Management, LLC, (850-608-6121 — www.arborwealth.net), a “fee-only” and fiduciary registered investment advisory firm located near Sandestin. This column should not be considered personalized investment advice and provides no assurance that any specific strategy or investment will be suitable or profitable for an investor.