Zero State Income Tax and $800,000: Here's How to Retire to Tennessee at 62

Zero State Income Tax and $800,000: Here's How to Retire to Tennessee at 62

The post Zero State Income Tax and $800,000: Here’s How to Retire to Tennessee at 62 appeared first on 24/7 Wall St.. An $800,000 portfolio can make retirement at 62 realistic in Tennessee, but not everywhere in Tennessee and not with every housing setup. The state’s lack of income tax helps, especially for IRA withdrawals and Roth conversions, but Tennessee gives some of that advantage back through high sales taxes. The plan works best with a p…