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Listen to Money Wisdom with Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® and gain key financial insights to help you make informed decisions for your future. Jake and Nick aim to provide clarity and guidance, addressing your questions and shining a light on the real financial challenges facing today’s retirees.
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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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