Tennessee's 9.55% combined sales tax and surging homeowners insurance drain fixed-income retirees faster than its zero income tax saves them.
Bowling Green, Kentucky fully exempts Social Security, ranks 18th in sales tax nationally, and offers housing untouched by Tennessee's migration-driven price surge.
A $600,000 portfolio at 4% withdrawal closes a $22,000 income gap after Social Security covers $48,000 of a $70,000 annual retirement budget.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Every few months, somebody brings up Tennessee as the obvious retirement move. No state income tax, mild winters, Nashville has a fun scene, and the mountains are nice to look at. It has become the default answer for anyone trying to stretch a retirement portfolio. But here is the question **** ody seems to ask.
#Retirement #learn
Bowling Green, Kentucky fully exempts Social Security, ranks 18th in sales tax nationally, and offers housing untouched by Tennessee's migration-driven price surge.
A $600,000 portfolio at 4% withdrawal closes a $22,000 income gap after Social Security covers $48,000 of a $70,000 annual retirement budget.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Every few months, somebody brings up Tennessee as the obvious retirement move. No state income tax, mild winters, Nashville has a fun scene, and the mountains are nice to look at. It has become the default answer for anyone trying to stretch a retirement portfolio. But here is the question **** ody seems to ask.
#Retirement #learn
12 hours ago
