What It Takes to Retire in Champaign-Urbana, Illinois, at 64 on $750,000, in a State That Doesn't Tax Retirement Income

What It Takes to Retire in Champaign-Urbana, Illinois, at 64 on $750,000, in a State That Doesn't Tax Retirement Income

Illinois spares your IRA and Social Security from state income tax, yet it still finds a way to collect. One line item and one yearly filing decide whether a $750,000 nest egg lasts in a Big Ten college town.

What It Takes to Retire in Champaign-Urbana, Illinois, at 64 on $750,000, in a State That Doesn’t Tax Retirement Income

The post What It Takes to Retire in Champaign-Urbana, Illinois, at 64 on $750,000, in a State That Doesn’t Tax Retirement Income appeared first on 24/7 Wall St.. Many who spent their working years around the University of Illinois wonder if they could simply stay in the area after they retire.…