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Financial Planning / Tax Strategies
|Subject: Re: What is the best state to retire in?||Date: 5/12/2004 3:21 AM|
|Author: warrl||Number: 71785 of 119696|
what state does the Fool community feel is best to retire in? and why
This can, potentially, be divided into several parts, such as:
(1) the best state(s) to maintain legal residence in
(2) the best state(s) to have your house or apartment in (which can be different if you move from one state to another frequently and are careful to keep track of the relevant laws)
(3) the best state(s) to engage in other commerce in (which can be different from EITHER of the above if you live near a state line - or if you move from state to state a lot).
And aside from taxes and such legal issues (and even for those in some cases), most states cannot be regarded as a unified whole. Different parts of a state can have different taxes, different regulatory requirements, different climate, and different social amenities.
(We plan to live full-time in an RV and travel a lot, so the second question above won't apply while practically anything is possible on the first and third.)
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