Consider Tax Burden When Evaluating Retirement Options
When you enter into your retirement years you may be one of the many who will be living on a fixed
income. Depending on your unique situation some careful budgeting may be required, and you have
to weigh all of your options.
With the above in mind you should consider the tax burden that you will be carrying during your
golden years. People will sometimes retire to locations that are especially favorable to senior citizens
with regard to tax laws in an effort to stretch their retirement resources.
On the east coast Florida is a very popular retirement destination and with good reason. The weather
is good and the taxes are low for the most part. In Florida there is no state income tax, no inheritance
or estate taxes on the state level, and there is a ceiling on potential property tax increases via
People who live on this side of the country sometimes choose to retire to Nevada in an effort to save
money on taxes. Property values are considerably lower than they are in Southern California and
property taxes follow suit. Plus, there is no state income tax in Nevada.
If you plan ahead intelligently taking all factors into consideration you should be able to enjoy your
retirement years in comfort. Should you be interested in discussing your future with an expert, don't
hesitate to pick up the phone to arrange for a consultation with a good Redlands CA estate planning
Experienced estate planning attorneys Redlands CA of the Elder and Disability Law Firm offers estate
planning and business planning resources to residents of Redlands CA. To learn more about these free
resources, please visit www.san-bernardino-elder-law.com/ today.