A friend sent this to me:
https://www.thefinancialword.c
om/9-worst-u-s-states-to-retir e/8/ From Financial Word magazine. Link on MSN. I have never heard of this magazine before.
Don’t know how accurate it is but………
Take it for what it is worth!
And the text at this heretofore unknown web site for Minnesota?
The Land of 10,000 Lakes is consistently included in the list of least tax-friendly states for retirees. The state even taxes social security benefits. Even other retirement income like military, government, and private pensions are taxable. While the average household income for individuals 65 and older, which is at 13.7% below the U.S. average, is beneath the thresholds for highest tax bracket, the cost of living in Minnesota is way above average. Even lifetime health care and median home value for people 65 and older are higher than the national average.
To which I think the best reply is TANSTAAFL –There ain’t no such thing as a free lunch. In other words, if all you do is focus on your money and how much taxes are in various places, you might as well go live in a sod hut in East Bumphuck, North Dakota, where the night’s entertainment consists of shooting at the pocket gophers. You can keep all your money and you might as well sleep in it, too, because that’s all it gets you.
Or you can live here in Minnesota, where there are farms, fair-sized cities, cinemas, theatre, and all sorts of things to do – and you don’t end up dealing with hurricanes and earthquakes.
At least, not yet.
Peevish, I am, about the constant worship of money, and the bulging eyes about taxes like these guys. No sense of proportion.
