Tax questions to ask before you choose where to retire

If you want to move somewhere more appealing to spend your retirement years, you should first consider how this move might affect your taxes. There are several serious tax factors that you should consider when choosing a location for your retirement. For example, some states have hefty property taxes on real estate and automobiles while other states have no property taxes. Likewise, in addition to your heirs paying federal estate tax, if you live in certain states when you pass your heirs may also be required to pay state inheritance tax.

For more information on taxes and retirement read, “6 Tax Factors to Consider When Picking a Retirement Destination.”

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