How to check a retirement home's fiscal health

And more of the week's best financial advice

A woman in a retirement home.
(Image credit: dpa picture alliance archive / Alamy Stock Photo)

Here are three of the week's top pieces of financial advice, gathered from around the web:

A retirement home's fiscal health

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Changing states for tax purposes

Entrepreneurs "should think twice" before moving a company to a low-tax state, said Darla Mercado at CNBC, especially if they have a firm with multiple locations and a wide client base. Your company's "tax nexus" is based on a number of factors, including "where your employees are, where your property is located, and whether you have inventory in a particular location." How all that is taxed differs from state to state: Some states will tax firms "based on where the work is performed, while others tax businesses based on where the customers are located." If you can easily move to a low-tax state, you'll need establish domicile to prove it's "your true permanent home." Some states will "challenge individuals" to prove they have genuinely relocated.

Borrowing costs on the rise

The Federal Reserve's decision to hike interest rates last week means some consumers will "face higher borrowing costs," said Paul Davidson at USA Today. The widely anticipated move saw the Fed raise its rate target by a quarter of a percentage point to a range of between 1.5 percent and 1.75 percent. "Two to three more such hikes are expected this year." Credit card rates will rise almost immediately, with those holding an average debt of $10,000 forking out around $25 extra per month. Holders of home equity lines of credit could also see a small rise. The impact on fixed-rate mortgages will be more gradual. Average 30-year fixed rates have already risen from 4.15 percent to 4.54 percent since January, owing to tax cuts and perceived inflationary pressure.