One way to boost your retirement chances is to leave states with high income taxes. Prime example: California. An income as low as $43k, incurs an 8% tax bracket for singles. $53k gets you a 9.3% bracket. As a bonus, you can reap a big profit on overpriced California home, and buy a cheaper, bigger house elsewhere. This is the best financial literacy advice anyone has given me; leave for a low tax and affordable state.
This is why millions of wealthier retirees leave California. To often be replaced by poorer, low-skilled immigrants or the super rich who work for the tech companies. That means the Cali economy is spiraling into the toilet...yet another reason to leave that state.
Use income taxes to improve retirement
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