Baby Boomers nearing retirement age will have many factors to consider in choosing where to live in retirement, including state taxes, according to CCH tax experts.

“As the economy begins to improve, more retiring baby boomers may begin looking at where they may want to live in retirement,” said CCH state tax analyst Kathleen Thies. “Taxes are one of the things they should consider when determining the costs of different areas they are looking at.”

When evaluating the financial implications of moving, senior citizens should consider the state taxes on retirement benefits; state income tax rates; state and local sales tax, including the growing taxation of services; state and local property taxes; and state estate taxes.

Retirement income is safe from state income taxes in the seven states that do not tax individual income: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two oth

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Tags: Retirement, Retirement Destinations

If nothing else, the state of the economy has shown that millions of people don’t have a good grasp of how to manage their personal finances. There are hundreds of books written every year on the subject and yet, this concept still seems to elude many. Some books are either too technical for some readers, while others fail to get to the right points. We were wary about this book for many reasons, but it actually managed to surprise us. If you are looking for an in-depth, no nonsense guide to personal finance that is still fun to read, this is the perfect title.

The book is short, coming in at just over 155 pages, which in this case, is probably in its favor. Th

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Tags: Finances, Personal Finances

Saskatchewan premier Brad Wall caused a bit of a stir in January when he pointed out some inefficiencies in Canada’s EI system.  Now Mr. Wa

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One of the best places to start when looking at your student loan issue is exactly what does the National Student Loan Data System (NSLDS) show about your loans which is why we wrote a short article explaining how to access this site.

Find out where you are right now on your student loans and then you can plan for where you need to go next.

This is especially true when dealing with student loan collection issues — sometimes it can be very confusing on which loan is being collected upon by which collection agency.

Tags: Loan, Student Loan