ARBOR WEALTH: Florida is a comparative tax haven for retirees

Published: Thursday, April 10, 2014 at 05:34 PM.

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).

Meanwhile, in Florida , we pay no state income tax.  There’s no estate tax. And there’s no state tax on Social Security benefits or pensions. The cost of living is comparatively decent. And medical facilities are often plentiful, owing in many cases, to our large numbers of retirees. 

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.

 

 

 



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