Move To a State That Doesn’t Tax Social Security Benefits
Now, how comfortable are you with moving to a different state altogether? We know, this is a big move, but its more common than you’d think.
Seniors who are looking for ways to cut down expenses are much more likely to move to a different state where their social security isn’t taxed.
Luckily, there are plenty of options. Unluckily, most seniors chose to move closer to family or friends, forgoing any financial benefits along the way. This could cause massive rifts in your savings account and could backtrack you for months, if not years.
The math is simple, though. Would you rather spend more money annually on taxes than pay for flight tickets to visit your loved ones? That and consider the fact that your children and grandchildren will be in a much better financial state to visit you instead!
