Should You Retire in Rhode Island?
Here's a clue to help you consider whether you want to relocate in retirement to Rhode Island: Its state nickname is the Ocean State. Nestled in New England, it's one of the original 13 colonies and home to the historic towns of Providence and Newport.
By some measures, Rhode Island falls short of ideal, ranked the 30th-best state for retirement by Bankrate. For example, it's not one of the 41 states that don't tax Social Security benefits. Pension income, along with withdrawals from 401(k) and IRA accounts, are either partially or fully taxable. (There are exemptions of up to $20,000 each for pension and annuity income, which can ease the pain significantly.) The state has an estate tax, too.
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Source Fool.com
