Best Tax-Friendly States For Retirees
Thinking about moving to a different state to live out your golden years? Before making the move, make sure you weigh all the significant factors of moving to a different state.
You must take into consideration the climate, proximity to close family and good friends, access to a good health care system, cost of living, and, most importantly, if you know that they’re tax-friendly states.
That’s right, that’s a huge thing you need to keep in mind before moving, so don’t forget that!
No matter where you plan to live during your retirement years, make certain that you have double-checked all the local taxes. Moving to a low-tax state in retirement can help make retirement savings last longer.
Are you ready to discover the best tax-friendly states for retirees? Then keep reading!
6 Responses
I am astounded you have left out NH. Taxes were a primary consideration after I retired from the Army in 1992. We have have NO income tax or state sales tax in our state. Need I say more? In addition we have the lowest state tax on gasoline in New England. The argument that our high property taxes wipe out the other tax advantages does not fly!
Utah would be a much better place to live than Nevada with its dependence upon gambling taxes.
Does anyone have personal experience with retirement in South Carolina? Is it as tax-friendly as it sounds?
Does anyone know if Arizona has an income tax for seniors? I’ve been thinking of moving there to be closer to family, but I would like a first-hand account from someone who retired there!
I’m considering relocating to Colorado. What are the long-term financial implications for retirees?
I’m moving from Florida to North Carolina any suggestions