Is moving to a low-tax state a smart retirement decision? While lower taxes can be appealing, there are many factors—both financial and personal—that should influence your choice.
In this episode, we guide you through:
✅ How to create a list of states with and without state income tax – and why it matters
✅ Understanding state tax brackets – some states tax retirement income more than you think
✅ Hidden taxes on Social Security, pensions & investments – and how they impact your savings
✅ Other cost-of-living factors – including housing, healthcare, property taxes, and insurance
✅ The most important non-financial factor – staying close to family and grandkids
Before you make a big move, get the full picture. Watch now to learn whether relocating for lower taxes is truly the best choice for your retirement!
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💬 Comment below: Are you considering moving for retirement?
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TIMESTAMPS
00:00 Should You Move to a Low-Tax State in Retirement?
00:30 The grass is always greener
01:30 Start with these two lists
02:30 Consider the various taxes
03:56 Consider the cost-of-living differences
08:00 Perhaps the greatest thing to consider?
08:54 Summary & how to get help
Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/
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Learn the key components you need to include in your retirement plan:
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DISCLOSURE:
Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766
Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.
