Think moving to Florida is just for retirees? Think again.
Take Ben. Ben is 25 years old, single, lives in NYC and makes $100k a year.
Ben will pay NY State $5,800, and NYC $3,750 in income taxes (total $9,550).
Let’s say Ben moved to Miami, and instead invested the $9,550 in saved taxes each year.
At 5% growth in annual tax savings, 5% after-tax return, and all else remaining equal Ben would have a nest egg of $2.6M+ by the time he hits age 65!
Come on down New Yorkers, we’d love to have you! ☀️
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