5. Colorado
The Centennial State: Colorado, a western U.S. state, attracts people from all over the world with its majestic snow-covered Rocky Mountains, varied scenery of arid deserts, and river gorges.
Having some of the best places to retire, Colorado allows retirees to connect with Mother Nature, relish the countryside, and live out their golden years in peace and tranquility.
The state of Colorado has a pension/allowance deletion that includes Social Security, retired military pay, and military disability pay, as well as homestead immunity for succeeding seniors.
Colorado normally ranks among the top tax-friendly states for retirees and senior citizens. The state income tax bracket is as close to the ground as 4.63%, and retirees can get a fair-minded presumption on retirement income.
8 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.
very informative wish that I had known before retiring,
we live in Arkansas and we are at full retirement age. if we still work do we need to have taxes held out of our social security checks
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