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Sunday, December 13, 2009

How to Get The Best Out of Best Retirement States

By John Lawole

Before ending your career and enjoying a well-deserved retirement, it is not a bad idea to learn which are the best retirement states. Lots of debates and controversies revolve around the tax-friendly and tax-foul conditions, but there are other reasons for people to relocate, besides saving money. The location of one's home has a great preponderance in the issue taxes, which is why the entire retirement lifestyle may be about solving real estate problems.

The 'no tax heavens', this is one other name for the best retirement states, because people pay nothing or very little for their retirement income. There are other issues and worries that bother retirees and they are not always income. Consider homeownership taxes and the sales taxes before deciding to relocate, because this is thin ice you're treading on. Maybe some of the best retirement states have a friendly policy for the retiree's tax income, but the real estate taxes could be exorbitant.

People make the mistake of focusing too much on income taxes when searching for the best retirement states, but it can cost them dearly; instead they should check the property-tax situation first because with properties, things have gone from bad to worse every year. Local governmental offices and the Internet provide most of the information on the specifics of a neighborhood. America's best retirement towns has even made the subject of a book.

Some online web pages also allow people to compare the cost of living, the climate, the criminal rate, the access to leisure and cultural activities in parallel with the tax condition. Even so, do not trust charts and statistics 100% because information runs out of date pretty quickly in certain categories. Plus, do not overlook the cost of utilities that is sometimes ignored. These being said, we can only conclude that the classification of the best retirement states is not at all easy or simple.

Despite the so much talk about the best retirement states, details are often part of statistical research alone. Very few Americans actually choose to move to a different state when they retire. Retirees seldom feel like separating from friends and family, not to mention the effort of coping with new challenges brought by a possible re-accommodation to a new living environment. Getting to live in America's best retirement states is certainly more easily said than done! - 23196

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