Please forgive me if this is a stupid question.
we are both 54 , plan on moving to Ontario next yr, we plan on taking withdrawals from our IRAs when we are 60.
we currently live on OHIO...when we move I know we file 1040 and ohio for first yr, after that we will file 1040 for ever.
we will live on savings for 6 yrs until we start taking funds from IRA
What happens when we start taking funds from our IRA, I know we will pay fed taxs on the distribution, but what about state taxs??? by that time we would have been in Ontario for 6 yrs, we have will have zero ties to ohio, no home, drivers license, etc
Does anyone have experience on this matter ??
Thank you for any input.