Another highly variable factor eating into your Carolina retirement fund is income tax.
Some states have no state income tax, however, they may have high costs of living which offset the gains.
Another advantage to Carolina Retirement or relocating is that in both North Carolina and South Carolina, Social Security benefits are exempt from taxes.
Take a careful look at all the tax factors before deciding what cities and towns make up the list of your Best Places for Carolina Retirement.
- www.dornc.com for North Carolina tax information, and
- www.sctax.org for South Carolina tax information.
Read my article, “Taxes in the Carolinas” for more information on taxes in North Carolina and South Carolina.
Ultimate Guide To Finding Your Best Places To Live In The Carolinas
Make Your NC and SC Dream Come True!
Bob Bencivenga is a professional site locator and location analyst for major corporations. Bob researches the growth of NC and SC to find the Best Places to Retire or Relocate that are still affordable.
Bob Does Not Sell Real Estate!
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