Retired people have one great asset that many younger people lack – mobility.
Retirees can choose to live in places where costs-of-living and income taxes are low, without regard to whether jobs are plentiful or wages are high. For many U.S. seniors, especially those living in the Northeast U.S. and California, the best move for upgrading personal finances could be relocating.
The tools you need to help clients compare relocation choices and benefits have just been published by The Tax Foundation: http://taxfoundation.org/blog/real-value-100-each-state
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