The Amazon founder saw an almost 10-figure savings by moving south. - eviltoast

Financial experts predicted Jeff Bezos’s move to Florida would pay off handsomely—and they were right. So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone.

  • ArbitraryValue@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    2
    ·
    edit-2
    3 days ago

    …you don’t cash out your entire retirement accounts but when you retire.

    No but you might move your money to a different, lower-risk investment. With that said, my post was poorly-written and the part about retirement was extraneous. I should have just said

    with the assumption that there wasn’t a job tying me to any particular location

    • Bronzebeard@lemm.ee
      link
      fedilink
      English
      arrow-up
      1
      ·
      3 days ago

      Moving money within a retirement account, or even between retirement accounts does not incur capital gains, either.