VIDEO ON MSN MONEY
The information given, provides insight into specific taxes, e.g. sales tax, property tax, inheritance tax. However, nothing is said about the basic requirements of living in those selected states. For example: Air conditioning will easily cost in excess of $500 per month in desert locations, while northern latitudes will incur huge heating costs in winter. Also, property maintenance is higher--wood rot, termites, a variety of repairs. Access to quality doctors and hospitals, too.
Look at the whole picture when you make the retirement decision. You may find that you are better off right where you are.
Copyright © 2014 Microsoft. All rights reserved.
Saving just a single month of expenses may take longer than you think. See how your savings rate affects how quickly you can build a solid emergency fund.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'