But when it comes to saving and investing for retirement, the state tax rate needs to be considered.

This choice was probably driven by specific factors: employment, lifestyle or family. Just like their choice of mode of transportation, it’s about how the individual wants to experience the investment journey: is it about luxury, is it about speed and performance, is it focused on creating the smoothest path to get to retirement? But in all of this, what about the consideration of taxes? And even more so, about the impact of state taxes if your choices have taken you to a high-tax locale? Just as there are different types of vehicles to get you physically from one point to another, there are many types of investments to get you financially from point A to B. There are many ways to invest and many investments to choose. Similarly, the choices investors make with their investments are about going from point A to point B, with the journey ending for most people at a comfortable retirement. For some of us, it’s about a luxury ride, for others it’s about speed and performance, and for many it’s about utility and the focus on arriving safely at the chosen destination. It is clear we have many different options as consumers for what we choose to drive from point A to point B.

Cars are now available in all sizes-there are CUVs, SUVs, trucks and more-and they come powered with gas, diesel, electric … and other fuel types are being developed.

combustion engines, but there have been many other advances as well. After recently attending an International Auto Show event, we were amazed to see the great variety of choices we have in vehicles now.

Ny 2022 tax brackets