State Taxes Are Quietly Reshaping Retirement Location Decisions

These aren't just abstract numbers either, and it matters when you are a retired couple as the gap between living in New York and Florida represents roughly $15,000 in annually in reduced tax extraction, money that stays in the pocket of the retirees. Over a 25-year retirement, this is potentially $375,000 in savings, not counting investment growth on money retained. In other words, moving from a moderately high-tax state to an average one can shift retirement math meaningfully.The difference between high-t ...