6. Nevada
Nevada, also known as The Silver State, is situated in the Western region of the United States and has a population of roughly 3.08 million.
It has an enjoyable climate nearly all year round and the topography is luxuriantly speckled with deserts and mountains.
But let’s not forget to add the other apparent factor: Las Vegas, the entertainment capital of the world, is Nevada’s largest city.
If you don’t plan to gamble on your retirement savings, then Nevada is the hotspot to spend the remaining years of your retirement life—or, in other words, the golden years.
Retirees can easily cash in their retirement plans and collect their Social Security checks without worrying about a big state tax bill since there is no state income tax.
Additionally, there are no estate or heirloom taxes in Nevada, either.
We still have some tax-friendly states on our list! Don’t go anywhere!
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