The bad news: Maryland ranks absolute last as a place to retire in MoneyWise’s 50-state survey, abundant amenities or no, because of tough tax treatment of retirement income as well as high living and health care costs. According to that story, “both Bankrate and Kiplinger rank Maryland the No. 48 state, and WalletHub ranks it No. 41.”
That’s one reason to support Gov. Hogan’s proposals to begin lightening the tax treatment of retirement income, as well as to refrain from costly new legal mandates that work to drive up living and health costs yet further. Ours should be a multi-generational state.