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I Asked ChatGPT: What Are the Potential Pitfalls of Retiring in a State With No Income Tax?
Yahoo Finance· 2025-12-21 14:16
Retiring in a state with zero state income tax sounds like a dream for many, but there can be downsides hiding under the surface. For example, moving to a no-income-tax state could bring unexpected trade-offs, like high property taxes or sales taxes. When asked about the potential pitfalls, ChatGPT highlighted a few simple but important risks for those planning retirement. Taxes Aren’t Always Lower Overall The main appeal of zero state income tax is the ability to keep more of your retirement income, b ...