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Thread: Why Florida residency makes sense.
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Old 06-21-2011, 02:53 PM
mitchbr47 mitchbr47 is offline
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Default Change residency to FL
Quote:
Originally Posted by KayakerNC View Post
Why it might be a good retirement move, and how to do it.
Another interesting article from the TopRetirements website.
http://www.topretirements.com/blog/f...to-do-it.html/
Another incentive is the tax increases to government workers and those in education in places like Wisconsin, Ohio, and Michigan. These taxes hinder the younger retirees. Currently we don't qualify for any Homestead in our state (MI) as it is based on income. I think it is time to change residency. Initially there won't be much savings as license transfer fees are expensive. I heard some military vets get a break on some license fees.