Retiring at Lake of the Ozarks
Monday, November 29th, 2010I just came across this book called “Where to Retire” that speaks highly of retiring at the Lake of the Ozarks. Besides being a beautiful place with great weather year round, there are several “tax” related reasons to move to the Lake of the Ozarks for retirement. 
Did you know that retired military income is not taxed in Missouri? If you’re looking for a great place to go and keep a majority of your military retirement pay, Missouri looks great.
Social Security is taxed as income in most states, but Missouri has only taxed it as income once a certain minimum income floor has been reached. Not only that, but this year (2010) is the last year that will happen. After that social security taxes will have been phased out.
Another great reason is your federal income tax. Missouri allows you to deduct your federal income tax from your state income on your tax returns? That’s just putting a little more money in your pocket.
If that’s not enough reasons to retire at the Lake of the Ozarks, then you really need to come visit. Our fall foliage, wonderful weather patterns, low traffic, low sales tax and great history of home real estate values should be all you need.
But if you do come, don’t tell all your friends. That low traffic thing is pretty nice.





