Nolan Accounting Center

 

4262 South 108th Street

Greenfield, WI 53228

 

Phone: 414-425-5690

Fax:     414-425-2373

 

Website: www.nolanaccounting.com

March 2025

Taxes and Retirement

If you are planning to move when you retire, look beyond state income taxes to estimate retirement living expenses.


TAXES ANYONE?
States levy taxes on general sales (although some may exempt food or clothing), real estate, rooms and meals, utilities, and even inheritances and estates. So, it's important to weigh all of these factors and figure how each tax may affect you.


EXEMPTIONS
Some states with the highest income tax rates may exempt Social Security and retirement plan income up to certain limits. Every state has to levy taxes somewhere, so do your homework to learn.

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