You’ve saved for this point in your life. You’ve socked away money in retirement accounts for years, so you want to maximize the money you are able to take out and live on.
Some states have no income tax and some tax retirement distributions while others do not. AARP is out with a guide to which states will tax money from your IRA or pension and it includes information about what those taxes are. If you’re looking to downsize and relocate, it’s worth knowing which states will be more tax-friendly to retirees living on retirement funds.
>>Click here to see the AARP guide.
Ready to relocate or need other resources as you prepare for a move? Contact Atlanta Seniors Real Estate for assistance or we’re happy to answer your questions.
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