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Watch out for hidden taxes when retiring to a new state

by Peter J. Creedon

by: Lorie Konish

Retirees should look at all state and local rules, said Peter J. Creedon, CEO at Crystal Brook Advisors. That means watching for higher taxes or fees on everything from registering cars and boats to taxes or surcharges on resorts.

“Many states have all these little fees,” Creedon said. “They’ve got to make their money some way.”

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