Choose The Best Retirement State Carefully
Choosing the best retirement state involves many factors. Be careful if you base your choice on one criteria.
Looking solely at taxes can be misleading. Five states have no sales tax; seven have no income tax. The only state that has none of either taxes is Alaska. Alaska may be a tough sell as a place to retire.
Due to its location, Alaska has to truck in most consumer goods. That makes the cost of consumer goods higher. Alaska therefore has a high cost of living. The fact that it has no taxes helps but it is still not among the cheapest …
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