State-Specific Retirement Savings: 41 States with Tax-Friendly Policies

Can where you live affect how much of your retirement income you keep? As a matter of fact, it can. A small number of U.S. states are very tax-friendly to begin with, while the majority of states are quite accommodative to most retired people.Here's what you need to know about each state's current treatment of retirees' income. Just be warned: once you're done reading, you just might be motivated to make a major move.It was never intended to be anyone's sole source of retirement income, but Social Security is certainly an important one for plenty of people. The Center on Budget and Policy Priorities reports that the federal entitlement program is the single-biggest source of cash flow for the bulk of its retired beneficiaries, accounting for at least half of the income for 4 out of every 10 recipients.  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool