“Location during retirement is often based on an individual’s situation and desires. Many of the factors that should be considered will be specific to the person, couple, or family,” says Jonathon Ferguson a financial capability specialist with the Financial Education Division of Extension at the University of Wisconsin-Madison. “Yet, all retirees or soon to be retirees can benefit from understanding the taxation implications of their retirement locations. State rules regarding taxation of pension benefits, social security benefits, long term capital gains, etc. can vary a lot.”
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