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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  2. Is It Worth Moving to a State with No Income Tax in Retirement?

Is It Worth Moving to a State with No Income Tax in Retirement?

Nov 22, 2024

Many retirees make the decision to move in retirement but should no income tax be the main reason for relocation? While it might save you money in taxes, the move might not benefit you as much as you think. In this episode of the Money Wisdom Podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® talk taxes in Massachusetts and Connecticut and the considerations that go into moving to another state in retirement.  

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Here’s what we discuss in this episode:

0:00 – Intro

0:52 – Reasons people move

2:47 – Ask yourself these things

3:59 – Taxes in Massachusetts

7:20 – Millionaires tax

9:51 – What to think about

 

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