Retire Today by Jeremy Keil

November 01, 2023 The 3 Essential Medicare Decisions to Protect Your Health and Money with Ari Parker

Have you ever been confused by Medicare? Today, we're going to figure out how to keep Medicare working for you. Tune in to learn about making medicare decisions to protect both your health and your money.

39 min

October 25, 2023 Unlock the Secrets to an Abundant Life With Scott Ferguson

Do you want to get more out of life? Tune in to learn about how to live a life of abundance.

27 min

October 18, 2023 How To Get The Most Out of Your U.S. and Canada Retirement Accounts With Joe Curry

Tune in to learn about differences that Canada and the U.S. have when it comes to retirement accounts, tax, pensions and benefits. Find out how to get the most out of your u.s. and canada retirement accounts. | Keil Financial Partners

23 min

October 11, 2023 What are the Secrets to Retiring Happy, Healthy, and Free?

Retirement isn't just about reaching the finish line of your full-time career. It's about the incredible journey that begins afterward. It’s a journey that goes beyond just finances, where you enjoy life! Tune in to uncover the secrets to a happy, healthy, and free retirement where you can live life to the fullest.

33 min

October 04, 2023 How To Invest Like A Billionaire With Ben Fraser

You might not have the lifestyle of the rich and famous, but you can certainly invest like them. Tune in to learn about how to invest like a billionaire.

41 min

September 27, 2023 Should You Fire Your Financial Advisor?

Should you fire your financial advisor? Tune in to learn about the 5 signs that maybe you should.

19 min

September 20, 2023 Is an Indexed Annuity Right for You?

How much of your monthly retirement paycheck do you want to be guaranteed? That’s right. There are ways to have consistent, guaranteed sources of income in retirement. For example, an indexed annuity. Tune in to learn about how indexed annuities can benefit your retirement and the costs associated with them, so you can make an informed decision.

43 min

September 13, 2023 Don’t Lose Out on Higher Interest and More Social Security

Are you banking on Social Security to cover all your retirement expenses? It's time to rethink that strategy. Tune in to learn about critical retirement topics, so you don’t don’t lose out on higher interest and more social security.

38 min

September 06, 2023 Should You Move To A Different State To Lower Your Retirement Taxes?

Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Google Podcasts” or read below for Should You Move To A Different State To Lower Your Retirement Taxes?

Summary:

[153] – State taxes are a piece of your retirement planning puzzle, but are they really a big deal?

In this episode, Jeremy Keil talks about moving to a different state for retirement tax purposes. He goes over the potential trade-offs between lower income taxes and higher property taxes and other costs, the tax implications of living in different states, and the importance of considering factors beyond taxes, such as lifestyle and family connections, when choosing a retirement location.

Jeremy discusses:

Why it’s important to consider the cost of living before moving states, not just the income taxes

Which states don’t currently have an income tax

The trade-offs between lower income taxes and higher property taxes in different states

Why you should try out a potential retirement location at different points in the year before making a decision

Why deciding to move to another state should be based on more than just tax reduction

Why you should plan in moderation

And more

Should You Move To A Different State To Lower Your Retirement Taxes?

Should you move to a different state to lower your retirement taxes? It certainly sounds tempting, but there are a few different things to consider to determine if it’s worth moving to a different state to lower your taxes in retirement.

How does it affect my overall cost of living?

Moving to a different state in retirement can impact your cost of living in various ways. State taxes, property taxes, sales taxes, and other local expenses all play a role. For example, some states have no income tax but might have higher property taxes or other costs.

And on top of that, the cost of living in different areas within a state can impact your overall financial situation.

It's crucial to run the numbers and consider your specific financial situation to determine if the overall impact on your cost of living is favorable.

Are there any trade-offs?

Yes, there are trade-offs to consider when moving states for retirement. While lower taxes might be appealing, other factors such as property taxes, cost of living, climate, and social connections need to be weighed.

Additionally, making a move solely for tax benefits might not lead to the expected financial windfall.

It's important to look beyond taxes and consider the holistic impact on your lifestyle and finances.

Can a trial run help me make an informed decision?

Whether you should move and where you should move to for retirement are two big decisions.

Playing make-believe and planning out your taxes and costs of living in various locations is a good start to making an informed decision.

Trying out a new location before making a permanent move is also a wise strategy. Spending extended time in a new state during different seasons and experiencing its lifestyle can give you a better sense of what it's like to live there. Renting a place for a month or more through platforms like Airbnb or VRBO allows you to understand the local environment, costs, and overall comfort before committing to a permanent change.

What about my family?

Family considerations play a significant role in retirement decisions, including where to live. Proximity to children, grandchildren, and other loved ones can influence your choice of location. Balancing your desire for a particular location with the need to stay connected with family is essential. Some retirees opt to split their time between different places to be closer to family during certain times of the year. Ultimately, maintaining a strong support network and family connections is a vital factor to consider.

Remember, every individual's situation is unique, and what works for one person might not work for another. It's crucial to assess your financial situation, personal preferences, and family dynamics before making any significant decisions about relocating for retirement.

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To learn more about retirement taxes, check out the resources below!

If you have any questions, feel free to contact us using the contact information provided below!

Resources:

Don’t Move to Another State Just to Reduce Your Taxes

Taxes and relocating in retirement: What to think about now

13 states that don’t tax your retirement income

Holistiplan.com

Free Retirement Planning Video Course: 5stepretirementplan.com

3 Things You Should Know Before Choosing A Financial Advisor

7 Questions That Could Make or Break Your Retirement

Subscribe to Retirement Revealed on Google Podcasts

Subscribe to Retirement Revealed on Apple Podcasts

Connect With Jeremy Keil:

262-333-8353

Keil Financial Partners

LinkedIn: Jeremy Keil

Facebook: Jeremy Keil

LinkedIn: Keil Financial Partners

YouTube: Retirement Revealed

Book a call with Jeremy

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Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

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Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

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Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

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21 min

August 30, 2023 Aging In Place With Jenny Wagner

When is the best time to start researching long-term care facilities? What are the most important factors to consider when aging in place? Tune in to learn about aging in place and long-term care planning.

32 min