Which States Are the Most Tax-Friendly in Retirement? - 335

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 20 July 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Which states are best for retirement taxes? When moving to a state with a lower cost of living, is it wise to take on mortgage debt to invest in the market? Does it make a difference if you do a Roth conversion before or after moving states? Plus, is it better to do Roth conversions with ETFs or mutual funds? Is 0% long-term capital gains a hoax? Also, ABLE accounts for those with disabilities, and healthcare costs vs. taxes. Financial resources, transcript, Ask Joe & Big Al On Air: https://bit.ly/YMYW-335

Transcript

Click on a timestamp to play from that location

0:00.0	Today on Your Money, Your Wells Podcast number 335, which states are the best for retirement in terms of taxes?
0:07.2	When you're moving to another state with a lower cost of living, is it wise to take on mortgage debt to invest in the market?
0:13.6	And does it make a difference if you do a Roth conversion before or after moving to another state?
0:18.8	Plus, is it better to do a Roth conversion with
0:20.8	ETFs or mutual funds?
0:22.9	Is 0% long-term capital gains a hoax?
0:26.9	Also, ABLE accounts for individuals
0:28.8	with disabilities and figuring out
0:30.9	health care costs and taxes.
0:33.2	I'm producer Andy Last, and here are the hosts
0:35.5	of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:42.5	Here's one here. My husband and I are regular viewers. So this is the TV show. TV or YouTube.
0:51.3	Watching our picture. Listening to the podcast. Could be that. Watching the front of the building. Leaving our picture. Can you listen to the podcast?
0:55.0	Watching the front of the building.
0:57.6	Leaving the state after retirement is mentioned as a way to maximize potential income.
1:04.3	As your program ever considered discussing the benefits,
1:07.6	negatives of different states?
1:09.4	I believe the sources of retirement income and expenses
1:12.2	are fluid. For example, some state property taxes are higher than California in tax and social
1:17.4	security income. It varies between states. Thank you for your show. So this is not really a question,
1:24.5	and I'm not sure why this is in the old email bag. Well, because they,
1:28.9	well, I guess it's like they want to know what states are the best to retire. They want us to
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.