Retire in Style: The 4 States That Offer the Best Bang for Your Buck

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

Ari Taublieb, CFP®, MBA

Real Estate Investing, Stock Investing, Careers, Save On Taxes, Retirement, Business, Personal Finance, Investing, How To Retire, Early Retirement, Retirement Planning, Entrepreneurship

4.7 • 583 Ratings

🗓️ 24 February 2025

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode guides listeners through the process of selecting the ideal state for retirement, weighing financial incentives against personal happiness. The discussion centers on Florida, Arizona, Tennessee, and North Carolina, examining the pros and cons of each state, as well as critical financial considerations for future retirees. • Evaluating Florida's no-income tax benefits • Understanding Arizona's climate challenges • Highlighting Tennessee's low-cost living and unique cu...

Transcript

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0:00.0	Welcome back to the early retirement podcast. Today we're going to talk about which state you should
0:04.3	retire in. Now, I tell this to all my clients, don't retire in one state because there's the best
0:10.4	tax strategies and you're going to minimize tax bill if you have no friends or family that are there.
0:16.7	It does not make any sense. Make sure you are absolutely retiring where you're excited to retire.
0:22.0	Now, some of you I recognize are like, look, we're going to travel big the first few years of
0:25.9	retirement. And we're going to live overseas. So like we just want a home base. And so we're just
0:30.5	wondering like what's the most optimal decision? I get that. That I'm 100% on board with. But I have
0:36.7	people that reach out that have five,
0:39.0	10, 15 million dollars. And they're like, optimally, I think I should live in Florida because there's no tax and it's going to be really attractive. And I said, great. Like, do you want to live there? They're like, absolutely not. It sounds terrible. Like my friends are here in California, but like the taxes are just crushing me.
0:53.8	I'm like, no, I get that.
0:55.5	And I live in California.
0:57.5	I pay a, no, I get that.
0:55.5	And I live in California. I pay a lot in taxes. I would love to minimize my taxes. But I also
1:01.7	recognize my friends and family are here. So it's almost like I pay that cost and I choose to do it.
1:07.2	So we just want to know if we're going to retire, are we optimizing where we're
1:12.1	living? And the factors I looked at were the following. I looked at economic data,
1:16.8	healthcare statistics, and lifestyle factor. So we're going to go through the primary states we're
1:21.9	going to be discussing today, Florida, Arizona, Tennessee, and North Carolina. I've got a ton of
1:27.2	different fun stuff. I'm excited to go through with you.
1:29.3	If you don't already know, my name is Ari Taubli. I'm a certified financial planner. I'm the host of this show, the early retirement podcast, and I am the chief growth officer at Route Financial. If you get excited with any strategy I talk about before you actually execute,
1:46.6	please, please be smart about this. This should all be construed as no financial advice. It should
1:53.3	not be construed as financial advice. That would be proper English. And this is for fun,
	...

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