Retirement Income Taxes
Another highly variable factor eating into your 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 retiring or relocating in the Carolinas 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 the list of your Best Places to Retire.
Visit:
- 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.
And don't forget tovisit our products section. There you'll find Special Reports, In Dept Reports, North Carolina Communities Directory, South Carolina Communities Directory and "The Ultimate Guide to Finding the Best Place to Live in the Carolinas."
You'll learn about the cost of living, affordable housing, climate, jobs, taxes, good medical care, low crime rate, cultural events, schools, local attractions, recreational activities, and much more about North Carolina and South Carolina. And when you get the Ultimate Guide, you get a one on one consultation with me. Let me help you create your own list of the Top Ten Best Places for you to Retire or Relocate.
About Bob Bencivenga
Bob Bencivenga is a professional site locator and location anyalyst for major corporations and been researching the growth of NC and SC to find those areas which are affordable. Visit his blog and signup free to get blog updates by email, along with free advice on how to relocate or retire in the Carolinas, additional resources, and a lot more! Go now to www.placesofvalue.com. Bob does not sell real estate.
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