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News

Moving? Check the State Taxes First
Source: Center for Retirement Research

New Jersey’s retirement income exclusion for couples leaped from $20,000 to $100,000 in 2016.  Minnesota and South Carolina now have income tax deductions for retired military. And Rhode Island started exempting the first $15,000 of retirees’ income from the state’s income tax.

State taxes are one piece of the financial puzzle to consider when retirees – or Millennials – are thinking about moving to reduce their living costs, find a job or friendlier climate, or be close to the grandchildren.

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Welcome Dolton Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Dolton Fire Pension Fund to IPPFA.

 

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