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where you choose to live in retirement is a very important consideration if were trying to optimize our retirement plan for instance the difference between living in a high tax state versus a low tax state can be a multiple hundred thousand dollar decision for your retirement and may even cost you a few percentage points when it comes to your probability of success score now the problem I see a lot of retirees run into is they just focus on a state income tax rate in order to make this decision on how tax friendly a state is well in this video today Im going to talk about five additional considerations outside of that income tax rate that you should be considering in determining what state is best for your retirement on the screen I have a map of the United States that shows the top marginal state income tax rate in each given State and just looking at this from a service level we can see that some states are certainly more tax friendly than others for instance if we look at Minneso
