Want More Social Security? Think Twice Before Relocating in Retirement
Many people find themselves tethered geographically to a job during their working years. The upside of being retired is not having to worry about proximity to an office. And that might give you the flexibility to relocate to a state you've always wanted to live in, whether for the climate, the amenities, or the chance to be closer to family.
But while there are certain advantages to relocating during retirement, you'll need to be careful when making those plans from a Social Security standpoint. That's because some states impose taxes on Social Security. And if you don't want to lose a chunk of your benefits, you may need to steer clear of them.
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Source Fool.com
