Ep. 52 Why Zero Income Tax Doesn’t Mean Zero Financial Surprises
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Ep. 52 Why Zero Income Tax Doesn’t Mean Zero Financial Surprises
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In this episode of Not Just Numbers, Madison and Mike break down a recent Wall Street Journal article that challenges the popular belief that moving to a no-income-tax state guarantees retirement savings. From skyrocketing insurance costs to hidden fees and property taxes, Mike explains why retirees need to think beyond just income tax rates when relocating. Learn how financial strategies like Roth conversions can help reduce state-level tax burdens, and why every move should come with a full cost-of-living analysis. Don’t pack your bags without tuning in first.
Link to WSJ article: https://www.wsj.com/personal-finance/taxes/retirement-low-tax-rate-states-move-cabdb31b
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