When you reach your golden years, you are supposed to be enjoying the fruits of your labor. You should be entirely dedicated to relaxation, finding a new hobby, and traveling as much as possible, but most of the time we can’t live in peace and quiet, because we all worry about our pension and our lifelong savings.
We can’t help but wonder: ”Is our budget going to be enough?”. And besides that, there’s another aspect that keeps us all awake at night: TAXES!
Taxes are a HUGE pain in the neck. Nowadays, we end up paying taxes for just about everything. However, when you reach your retirement, there are a few states that won’t tax your retirement income!