Do All States Treat Social Security Income the Same?
Planning for retirement means having to make a number of key decisions. Will you work part-time? Will you downsize your home? And what state will you end up calling home?
The latter choice might hinge on a number of factors ranging from climate to amenities to proximity to family. And cost of living should help drive that decision, too.
Many people enter retirement with little in the way of savings and wind up relying heavily on Social Security to pay their bills. But some seniors are surprised to learn that not all states treat Social Security the same way. And you may lose a chunk of your benefits depending on where you decide to settle down.
Source Fool.com
